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Tag: Citibank

Tax Court Sides With IRS In Tax Treatment Of Frequent Flyer Miles Issued By Citibank

Kelly Phillips ErbAugust 28, 2014

It used to be that when you opened a new account at a bank or other financial institution, you got a free pen. Or, if

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Leadership Shakeup At Treasury Could Signal Change In Fiscal Strategy

Kelly Phillips ErbJanuary 9, 2013July 5, 2020

The Treasury Department may be getting a new look … or two… or three. Just weeks after (now) former Internal Revenue Service (IRS) Commissioner Doug

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Citibank Issues Forms 1099 For Frequent Flyer Miles, Surprising Customers & IRS

Kelly Phillips ErbMarch 1, 2012June 1, 2020

Apparently, the banking industry doesn’t have enough bad press these days. They’re going to new heights to tick off customers… quite literally. Citibank, part of

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Treasury Plays Fairy Godmother To Citi, But Kucinich Says Not So Fast

Kelly Phillips ErbDecember 18, 2009May 19, 2020

Not everyone is as thrilled about Citigroup’s new tax breaks as, well, Citi. Former presidential contender Rep. Dennis J. Kucinich (D-OH) counts himself of as

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Big Banks Move On… With A Little Help From Their Friends?

Kelly Phillips ErbDecember 15, 2009January 21, 2020

Wells Fargo announced early this week that it will repay $25 billion received under the Troubled Asset Relief Program (TARP). The announcement comes on the

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