53109
You'll need to sign in or create an account to connect with an expert.
The IRS has pretty much come to the conclusion that "rebates" such as you describe are, essentially, reduction in the cost of the items purchased. Accordingly, the only effect of these rebates would be a reduction of purchases that were expensed as deductions. All the other stuff - your big screen TV, groceries, subscriptions to Time magazine - are irrelevant. You won't be getting a 1099-MISC from the credit card companies. (Yet.)
Tom Young
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Heavenlyz
New Member
emircengiz1925
New Member
mertkorkmaz885
New Member
mpapadop
Level 1
Leelpatt
New Member