NBAA 2011 Tactics to Avoid and Survive an IRS Audit
NBAA 2011 Tactics to Avoid and Survive an IRS Audit
NBAA 2011 Tactics to Avoid and Survive an IRS Audit
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Aircraft <strong>Audit</strong> Issues<br />
1. Passive Loss Limitations IRC §469<br />
2. Ordinary <strong><strong>an</strong>d</strong> Necessary Use IRC §§ 162, 212<br />
3. Depreciation Issues IRC §§168,167, 280F<br />
4. Hobby Losses IRC §183<br />
5. Personal Use of Comp<strong>an</strong>y Aircraft IRC §274<br />
6. Flight Department Comp<strong>an</strong>y & FET Issues IRC §§4261, 4262<br />
7. The <strong>Audit</strong> Process<br />
8. <strong>IRS</strong> Appeals <strong><strong>an</strong>d</strong> U.S. Tax Court