News & Analysis as of November 19, 2024

Enforcement Priorities

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IRS Announces New Campaign to Audit Personal Use of Business Jets

Holland & Knight LLP on 3/18/2024

The IRS announced a new campaign to audit high-net-worth taxpayers claiming business deductions for the use of private jets. Using some of the $80 million allocated for enhanced enforcement in the Inflation Reduction Act of...more

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Inflation Reduction Act (IRA) › Business Expenses › Enforcement Priorities

IRS Announces New Campaign to Audit Personal Use of Business Jets

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