Guidance on Corporate Aircraft Deduction Disallowance -- Notice 2005-45
Tax and Employee Benefits Alert
Last Friday, the IRS released guidance in the form of Notice 2005-45 on the provisions in the American Jobs Creation Act of 2004 relating to deductions for the entertainment use of corporate aircraft. Miller & Chevalier has prepared a chart outlining the highlights of the guidance.
In addition, to address this guidance in more detail, Miller & Chevalier has scheduled a teleconference on Friday, June 3 from 1-2:15 pm (EDT) which will be presented by Marianna Dyson and Fred Oliphant.
For further information about this Alert or other employee benefits issues, please contact:
Fred Oliphant, email@example.com, 202.626.5834
Marianna Dyson, firstname.lastname@example.org, 202.626.5867
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