Latrell recently used his Delta Skymiles to purchase a free roundtrip ticket to Milan, Italy (value $1,200). The frequent flyer miles used to purchase the ticket were generated from Latrell's business travel as a CPA. Latrell's employer paid for his business trips, and he was not taxed on the travel reimbursement.

(1) How much income, if any, does Latrell have to recognize as a result of purchasing an airline ticket with Skymiles earned from business travel?

(2) What is the general issue to be addressed?

(3) What key words would you use to research this question?

(4) what online tax research tools would you use to answer the question?

(5) What important information would you include in a memo/letter to the client to communicate the results of your research?