We previously wrote about the IRS’s campaign under its Large Business & International (LB&I) Division: The Business Aircraft Campaign (the “BAC” or “aircraft campaign”). The purpose of this article is to further delve into some nuances associated with the aircraft campaign while also considering likely tax implications for high-income individuals who have claimed aircraft-related expenses.
For more information, please contact Michel Stein at stein@taxlitigator.com
For more information, please contact Sebastian Voth at voth@taxlitigator.com
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