1099 But No Income

Jan 18, 2012 27 Replies

Like I said, Amazon is not stupid. They can see that he's sending large card funded payments to a single individual. If they didn't like it, they could tell him to stop.

R's, John

looks like a purchase, doesn't it?

Not at all. Purchases are one kind of transaction, sending money to an individual is another.

This has become silly. I'm done.

R's, John

^^^^^^^

Sorry, but that does (sometimes) work. That cash advances are _usually_ charged interest from the beginning implies that sometimes they aren't. I often get new credit card offers with interest-free cash advance availability for some limited time (it has been for over a year). Back when banks paid visibly non-zero rates I often took advantage of them.

Seth

The US Mint used to have a program to get dollar coins into circulation by offering them at face, with free shipping, and taking credit cards. They did not (at first) require the recipients to actually circulate them rather than just depositing them, so many people did the latter. They weren't prosecuted, the Mint changed the rules.

ObTaxes: the airline miles earned from those purchases weren't taxable income.

Seth

I said I was not a lawyer. The whole thing smells.

yes, but to Amazon they look the same, per what the OP is doing.

ditto.

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required