The U.S. Internal Revenue Service will no longer pursue existing audits seeking assessment of commercial-transportation excise taxes on fees paid for aircraft-management services, the agency told the National Air Transportation Association (NATA). The IRS informed the NATA it is in the process of informing taxpayers that audits of that nature will be closed “in the interest of sound tax administration,” the NATA said. Tax audits have been ongoing for several years, often in a ...

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