Posted on 02/21/2024 11:51:39 AM PST by Olog-hai
First, there were trackers on Taylor Swift and other celebrities’ private jet usage. Now, there will be more scrutiny on executives’ personal use of business aircraft who write it off as a tax expense.
IRS leadership said Wednesday that the agency will start conducting dozens of audits on businesses’ private jets and how they are used personally by executives and written off as a tax deduction — as part of the agency’s ongoing mission of going after high-wealth tax cheats who game the tax system at the expense of American taxpayers.
The audits will focus on aircraft used by large corporations and high-income taxpayers and whether the tax purpose of the jet use is being properly allocated, the IRS says.
“At this time of year, when millions of hardworking taxpayers are working on their taxes, we want them to feel confident that everyone is playing by the same rules,” IRS Commissioner Daniel Werfel said on a call with reporters to preview the announcement. Tax season began Jan. 29. […]
There are more than 10,000 corporate jets in the US., according to the IRS, valued at tens of millions of dollars and many can be fully deducted. …
(Excerpt) Read more at apnews.com ...
Unless you are a RAT donor.
I’d rather the IRS audit the half of the country who claim they don’t have enough income to pay taxes, than audit the ones paying taxes.
Yes. I sure don’t see John Kerry getting audited . . .
Taylor Swift is unconcerned.
John F’n Kerry at the top of the list ?
Audit the travel of government employees
No. Trump probably is though.
Harmless? I don’t think so. They will come for the guy who repairs lawnmowers in his garage, the woman who grows and sells flowers, and you and me.
The target is the middle class which is slated for elimination, after they take all its money.
Super rich dems have nothing to worry about. The politicians are bought and paid for.
It’s you and me they are coming for.
If they fill available seats with illegal immigrants, when leaving the US for another country, then excuse those outbound flights of such taxes.
Another democrat ploy to screw DJT
I’m sure the “Trump” jet is at the top of their list.
Yet another selectively applied, politically motivated regulation.
We are WORSE than a banana republic, because of the economy of scale.
Well, this should increase DNC donations…
Or the #RulingClass
true dat.
I wonder what ever happened to all those IRS audits being done on Pres. Trump ?
Taylor Slut will schedule more concerts with multiple jets to squeeze her worshippers for the tax
So will they also harass small landlords to prove the gallon of paint they bought really went on a rental property and not their home?
” Unless you are a RAT donor. “
Exactly ! Another opportunity for selective audit, and selective prosecution.
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