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The Internal Revenue Service (IRS) has announced plans to perform “dozens of audits” on business aircraft that involve personal use, with a focus on usage by large corporations, large partnerships and high-income taxpayers. The audit will assess whether the use of aircraft for tax purposes is being...
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IRS To Audit Business Aircraft Usage By Corporations, Others is published in The Weekly of Business Aviation, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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