Oberman Law Firm

Update on Build Back Better Act for 2022

Action on Build Back Better Act has come to a screeching halt in the Senate and prospects remain unclear on this $1.7 trillion bill. Senator Joe Manchin has indicated he cannot vote for the legislation as drafted and continues to express concern over its cost and the rise in inflation.

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Are Employees Taxed on Their Personal Use of Frequent Flyer Miles Earned by Business Travel?

Many employers allow their employees to make personal use of frequent flyer miles earned on business travel. This can be a significant benefit. Generally, all fringe benefits that an employer provides to an employee are included in the employee’s income unless the Code provides a specific exclusion. But the IRS has struggled with technical and administrative issues related to frequent flyer miles such as which miles are attributable to business expenditures, and which are personal, and how to value any income.

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