NetJets is suing the Internal Revenue Service (IRS) over nearly $643 million in past taxes that the fractional ownership provider says were illegally assessed. In a complaint filed Nov. 14 before the U.S. District Court for the Southern District of Ohio, NetJets complains the IRS assessed the commercial ticket tax on noncommercial NetJets and Executive Jet Management (EJM) flights, as well as on associated fractional ownership and management fees. “The IRS’s assessment in this case ...
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