Harrison Richards Reviews the Tax Consequences of Business Air Travel in TaxNotes
PDF09.09.2024
TaxNotes
Today, TaxNotes published an article by Harrison Richards examining the tax consequences of business air travel, including the use of corporate jets, which has become subject to increased scrutiny by the IRS. “This increased scrutiny of the tax treatment of private planes — for pop stars and executives alike — warrants a refresher on the rules involving company aircraft and their collateral tax consequences.”