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New IRS Rule on Business Aircraft Could Cost Companies Big Bucks

The presence of even one person on a company-owned plane for personal entertainment purposes could wipe out what would otherwise be a large tax deduction.

August 15, 2012

The corporate tax impact arising from executives' personal use of company-owned aircraft, while already bothersome, may get much worse under recently finalized Internal Revenue Service regulations. Proper planning, however, can save companies bundles of cash. Read more...

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