if you bought 10k of GC's on your biz card, can u say that it's your revenue?
Jun 12, 2013, 9:02 am
#2
Join Date: Mar 2006
Location: Chicago
Programs: Mileage Plus, Rapid Rewards
Posts: 949
If pretending that this is revenue makes you feel better, then go for it, but if you're dealing with one of the few issuers that asks for "proof" from time to time (especially Amex) this explanation is not going to fly.
Revenue is money brought in from goods or services sold. You aren't selling goods or services when buying something with a credit card, you are buying them--and incurring costs, not bringing in revenue.
In what way would buying anything with a credit card be considered revenue?
Revenue is money brought in from goods or services sold. You aren't selling goods or services when buying something with a credit card, you are buying them--and incurring costs, not bringing in revenue.
In what way would buying anything with a credit card be considered revenue?
Last edited by CMHFlyerOH; Jun 12, 2013 at 9:09 am
Jun 12, 2013, 10:59 am
#4
Join Date: Aug 2010
Location: ORF
Programs: Amex Plat, AA, BA Silver, Marriott Plat, Choice Gold, HHonors Gold, IHG Diamond
Posts: 3,749
I'm very sure the IRS won't mind so long as you pay taxes on your "revenue." Honest, I've had three business cards approved with "0" included on the form for revenue. Why bother making representations that might later come back to haunt you?
Jun 12, 2013, 10:48 pm
#7
Original Poster
Join Date: Feb 2012
Posts: 994