IRS Income Tax Audits Are Increasing: What Should You Do When You Receive an Audit Notice?

Baker Donelson
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Perhaps you recently received an IRS audit letter involving

your aircraft purchase, and a tax period in which you

deducted aircraft related expenses from your taxable income.

Your first thought cannot be printed here, but you know that

you have an issue that you need to address quickly.

In this article, we will summarize the key steps you should

take when you are confronted with an audit of federal income

tax returns containing deductions and other reported

positions relating to the ownership and operation of an

aircraft.

See full article for more information.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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