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,, 202.626.5834

Marianna Dyson,, 202.626.5867

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