IRS Announces Audits of Business Jet Usage as Part of Larger Effort to Target High-Income Taxpayers
Feb 22, 2024
By: Matthew E. Foreman, Esq., LL.M. and Samuel J. Brady, Esq. On February 21, 2024, the IRS announced[1] plans to begin audits on aircraft that may be used for both business and personal purposes. This push is a part of the...