What Employers Should Know About Business-Related Frequent Flyer Miles
Fall has arrived—and, with it, one of the more active seasons for business travel. Perhaps your organization has employees heading to conventions, conferences, client meetings or other events in the coming months. If so, now's a good time to brush up on an easily overlooked tax question: What happens when employees earn frequent flyer miles while traveling on their employer's dime? The answer involves a long-standing IRS policy and important boundaries to keep in mind.