Originally Posted by
garykung
You should think this way - given the established exception, why would IRS know about this case? Specifically, why would IRS know exactly how much the award has earned?
Easy.
The CC banks suspected something from the huge spending. So this was reported. So IRS knows about it. That is all. And IRS is part of US Treasury. It has authority to subpoena all records from all banks. Banks are legally obligated to comply.
I do not think Chase will report anyone who optimizes the $1,500 quarterly spending. There are probably millions of people doing it.