Insights & Articles
The latest news and information on private aircraft ownership
Computing Disallowed Deductions
Kent S. Jackson | September 5, 2007The regulations governing entertainment flights provide a mixed bag of options. Until the IRS adopts final regulations. taxpayers can rely on any of three different sets of rules to calculate disallowed deductions : the old rules, IRS Notice 2005-45 and the proposed regulations. Click here to download full article.