Finance, Taxes, Insurance
NBAA Requests Guidance on IRS Tax Changes
Association seeks specifics and interpretations on new bonus depreciation and entertainment and commuting expense measures.

NBAA has asked the IRS for guidance on provisions in the Tax Cuts and Jobs Act affecting business aviation, including measures providing 100 percent bonus depreciation and the disallowance of certain entertainment and commuting expenses deductions. The association backed the extension of 100 percent bonus depreciation to used property, in addition to new, as part of tax reform.


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