Frequent flier miles taxable? Citibank says so

Here's a Tax Day filing tip: If you received interest or dividend income, sold a stock or worked as an independent contractor, you'll get some version of the Internal Revenue Service Form 1099 to help you complete your tax return.

The wisdom of Tax Dad

Bad news: You might get a 1099 tax form forcing you to pay tax on airline miles.

Consumers will owe taxes on miles they receive for opening a bank account, but miles they get for making purchases on credit cards or for taking a trip are tax-free, the federal agency says.Frequent-flier miles are taxable?

Taxes are inconvenient, unavoidable, time-consuming, and can be frustrating.

With 23 frequent-flier accounts in his household, Scott Wilson knew there had to be a simple way to monitor them. He test-piloted several websites that range from free to $15 a year. One came out ahead. I've long collected frequent-flier miles haphazardly.

Not to be pessimistic, but it's safe to assume that not every taxpayer is 100 percent truthful when it comes time to fill out their tax returns. 

For those of you who have yet to file your taxes, you might be holding off because you're scrambling to find certain documents. Here's what to do if you can't find some of them: