News & Analysis as of October 15, 2024

Inflation Reduction Act (IRA)

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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

IRS Announces Sweeping Enforcement Effort Targeting Partnerships

Holland & Knight LLP on 10/4/2023

The IRS announced a "sweeping" and "historic" enforcement effort focused on partnerships and is establishing a special group within its Large Business and International (LB&I) Division to focus exclusively on large and...more

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Partnerships › Enforcement Priorities › Inflation Reduction Act (IRA)

IRS Announces New Campaign to Audit Personal Use of Business Jets

IRS Announces Sweeping Enforcement Effort Targeting Partnerships

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