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U.S. IRS Begins Audits of Corporate Jet Usage

|Approved Changes|United States
United States

On 21 February 2024, the U.S. IRS announced plans to begin audits focused on aircraft usage by large corporations, large partnerships, and high-income taxpayers and whether the usage is being properly allocated between business and personal reasons for tax purposes.

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IRS begins audits of corporate jet usage; part of larger effort to ensure high-income groups don't fly under the radar on …

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