News & Analysis as of November 19, 2024

Audits

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IRS Ramps Up Audits on Corporate Aircraft Use for High-Net-Worth Individuals and Affiliated Entities

Pillsbury Winthrop Shaw Pittman LLP on 3/1/2024

The Internal Revenue Service (IRS) is increasing audits on corporate aircraft use for high-net-worth individuals, large corporations and complex partnerships as part of its new initiative using Inflation Reduction Act funding...more

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Inflation Reduction Act (IRA) › Recordkeeping Requirements › Audits

IRS Ramps Up Audits on Corporate Aircraft Use for High-Net-Worth Individuals and Affiliated Entities

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