NBAA News Hour: The IRS Plan to Audit Companies Using Business Aviation: What Should You Know?

On Feb. 22, the IRS announced a plan to “begin dozens of audits” of business aircraft use by American companies and entrepreneurs. Largely missed in the news coverage following the agency's announcement is the reality that guidance for tax compliance from several government agencies - including the IRS and SEC - is complicated, and often confusing.

This NBAA News Hour will provide top-line perspectives about the IRS announcement, a refresher on navigating the government's often-confusing guidance and answers to participants' questions.