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Lawsuit Filed Alleging Citibank Is Being Deceptive In Frequent Flier Tax Practice
A federal class action lawsuit has been filed against Citibank in what customers have reported the company lured them in by offering 40,000 frequent-flier miles to open an account but failed to tell them they had to report 2½ cents per mile as income to the IRS. Citibank has been sending 1099 tax forms to customers who received frequent flier (avstop.com) Plus d'info...
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Ha! LOL..what a scam!
If a banker ever says "I have something for you..." place you hand on your wallet and run as fast as you can with your money to a credit union to catch your breath.
Citibank is a disaster institution.
Even Smith Barney (who merged with them) ditched them last year as the banker for their brokerage accounts. That should say it all...
Even Smith Barney (who merged with them) ditched them last year as the banker for their brokerage accounts. That should say it all...
A bank being deceptive???? Oh come on, this can't be true!!
Stay classy, Citi, stay classy! :-P
