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IRS audits 'dozens' of business aircraft over personal use

News Team, 23/02/2024

The US Internal Revenue Service (IRS) is set to audit dozens of business aircraft involving personal use.

The latest move uses Inflation Reduction Act funding as part of ongoing efforts to improve tax compliance in high-income categories.

This is part of a larger effort the IRS is taking to ensure large corporate, large partnerships and high-income individual filers pay the taxes they owe.<...


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