View Single Post
Old Feb 25, 21, 8:28 am
  #4  
radonc1
 
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 5,135
Originally Posted by Andy2 View Post
Other than the Statute of Limitations issue, I donít see why the volume of transactions matters. If $300,000 of profit is taxable, $3,000 of profit would be taxable just the same.
I think that even the IRS will not waste the time to go after the 4 digit or even the 5 digit MSer.

However, when you start talking 6 and 7 digits of MSing, then you are starting to talk significant money, especially if you add on fees and penalties.

Again, I reiterate, whales should be concerned about getting an IRS letter.
radonc1 is offline