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United States: No Longer Flying Under The Radar: What You Should Know About The IRS's Planned Crackdown On Private Jet Owners - Arnold & Porter
Credit: Mondaq- Published on March 5, 2024
On February 21, the IRS announced a new campaign to increase audits of private jet usage by high-income taxpayers, large corporations, and large partnerships to ensure that business deductions for such usage have been properly made.