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The Internal Revenue Service said Wednesday it’s ramping up audits of corporate jets to collect more in unpaid taxes as part of its push to increase enforcement on wealthier taxpayers. The tax collection agency will conduct three dozen to four dozen audits of companies and wealthy individuals who may be flying in corporate jets for…
Audits will be focused on aircrafts used by large corporations, large partnerships and high-income taxpayers with a look at allocation between business and personal use.
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