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Final rules (T.D. 9597) on the use of business aircraft for entertainment unveiled by IRS contain few changes from controversial proposed rules, drawing criticism from a stakeholder. The rules address a tighter tax deduction for the personal use of corporate aircraft for entertainment travel by executives. IRS unveiled the proposed rules (REG-147171-05) in 2007. Among other aspects of the final rules that are not likely to be well received by taxpayers, IRS denies a request to limit disallowed expenses and says it could not provide a safe harbor for charter rates the agency said it was considering in 2007.
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