Corporate Jet Tax Breaks at Risk in IRS Probes of Personal Use

IRS agents are cracking down on personal use of corporate jets, in part because abusive deductions can signal that companies are taking much larger writeoffs upfront than they’re entitled to.

The agency in February announced a campaign of auditing corporate jet use as part of its broader initiative to get the taxes owed by wealthy individuals and complex partnerships. Democrats have also called for tighter restrictions on how corporate jet owners can deduct certain travel costs.

IRS training materials obtained by Bloomberg Tax suggest the audits are focused on whether the plane has enough business use to qualify for bonus ...