Deductions for Entertainment Use of Business Aircraft
other · IRS · Rule · Published 2012-08-01 · Effective 2012-08-01 · 77 FR 45480
Document
Document number
2012-18693
Federal Register citation
77 FR 45480
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2012-08-01
Effective date
2012-08-01
Treasury docket
TD 9597
Abstract
This document contains final regulations relating to the use of business aircraft for entertainment. These final regulations affect taxpayers that deduct expenses for entertainment, amusement, or recreation provided to specified individuals. The final regulations reflect statutory amendments under the American Jobs Creation Act of 2004 (AJCA) and the Gulf Opportunity Zone Act of 2005 (GOZA).