Personal Use of Corporate Aircraft: IRS Considering SIFL Rates
Personal Use of Corporate Aircraft: IRS Considering SIFL Rates

This spring, Liz shared that the IRS was rolling out an “aircraft audit” initiative to evaluate whether companies have improperly deducted expenses for airplanes that were sometimes being used for personal travel, and whether individuals have properly recognized income relating to personal travel benefits. (See the Large Business and International Division’s list of active compliance campaigns, which […]

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