Ms. Bourne is an executive with GG Inc., an international business operation. She flies more than 150,000
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Ms. Bourne is an executive with GG Inc., an international business operation. She flies more than 150,000 business miles each year and accumulates considerable frequent-flier points from the airlines. GG allows its employees to use their frequent-flier points for personal travel. In March, Ms. Bourne used 300,000 points to obtain two first class round-trip tickets to Paris, which she gave to her daughter as a wedding gift. The value of the tickets was $12,000.
Identify the tax issue or issues suggested by the following situations, and state each issue in the form of a question.
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Related Book For
Principles Of Taxation For Business And Investment Planning 2019 Edition
ISBN: 9781260161472
22nd Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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