IRS To Audit Business Aircraft Usage By Corporations, Others

Business Jet
Credit: Franco Ercolino/Getty Images
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...
Molly McMillin

Molly McMillin, a 25-year aviation journalist, is managing editor of business aviation for the Aviation Week Network and editor-in-chief of The Weekly of Business Aviation, an Aviation Week market intelligence report.

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