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Party’s Over for Entertaining on Corporate Jets, Says IRS
The Internal Revenue Service’s rules about corporate jets and non-business use, disallowing tax deductions for entertainment, are “overly burdensome,” said the National Business Aviation Association. (abcnews.go.com) Mehr...
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The government's war on business aviation continues.
what's the big fuss? just turn entertaining into your business. and every trip is a business trip.
That's a crock of crap. My biggest complaint is the same as mentioned in the article. If the plane is already going there, what difference does it make if I get to take my wife along on a trip, if the boss approved it? It's not like I went and asked my boss to use the plane for MY personal use to take my wife, or whoever, on a trip. More overreach by our evergrowing US Govt.
If some yokel at the IRS thinks they can out smart every accountant in the country, let them try. The answer would have to be an IRS agent sitting around at every airport, watching every airplane, and every passenger, and every piece of luggage... Wait a minute, they might just do it to stick to the man.
Its called "Stimulus!" Don't give them any ideas haha!
Unfortunately, the burden of proof falls on the taxpayer, not the IRS. They don't have to prove who was on the flight, the taxpayer has to prove who wasn't on the trip. Make sure your spouse swipes a credit card somewhere in your hometown while you're away.
Ironic, isn't it. Our government is pushing the public in such a way as to make us all do criminal deeds to avoid unjust, unfair taxes. What are WE going to do about it?
Get a Congress that will write decent laws that make sense. The government agencies just do what Congress tells them.
