Alerts2.28.24
IRS Announces Audits Related to Personal Use of Business Aircraft
The IRS announced a special enforcement emphasis for corporate and private jet usage
The IRS recently issued a news release announcing a special enforcement emphasis on corporate jet usage, including those owned by high-income individuals. Owners and operators of aircraft should anticipate enhanced IRS scrutiny, including an increased likelihood of audit activity for individuals and companies using corporate aircraft, regardless of prior compliance history.
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