JET TALK - INSIGHTS & ARTICLES
Select a Category
Where an employee, or a guest of an employee, uses an aircraft for personal transportation, the fringe benefit rules generally require the employer to treat the value of such personal use as additional compensation to the employee. In the case of aircraft, the rules governing the calculation of these amounts
The IRS finally issued regulations interpreting the provisions for disallowing deductions attributed to aircraft used for entertainment. The final regulation generally follows the proposed regulations, but there are new provisions. Click here to download full news blast.