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2 results

March 15, 2024

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3 min read

IRS Soars to New Heights on Audits of the Company Jet

August 27, 2019

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3 min read

Use of the Company Jet Just Became a Little Cheaper: DOT Releases Revised SIFL Rates for Use of Employer-Owned Aircraft

The U.S. Department of Transportation (DOT) has recently released revised Standard Industry Fare Level (SIFL) rates to calculate taxable income for employees’ and independent contractors’ use of a company aircraft. The revised rates are applicable for the six-month period from July 1, 2019, to December 31, 2019.

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