Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Kerry Lynch

The IRS is using additional resources and new AI tools as it delves into the possible noncompliance issues with the largest U.S. corporations and partnerships, including in the area of corporate aircraft use, IRS Commissioner Daniel Werfel told lawmakers this week.
During a U.S. Senate Finance Committee hearing on the 2025 budget, as well as the 2024 filing season, Werfel reiterated that the agency is “closely examining potential noncompliance” and had opened audits of more than 75 of the largest U.S. partners that on average have more than $10 billion in assets across industries.
He pointed to the&nbsp;<a href="https://www.ainonline.com/aviation-news/business-aviation/2024-02-23/irs-stepping-scrutiny-personal-bizjet-use">recent announcement</a> of plans to also begin “dozens” of new audits on corporate aircraft involving personal use as “another illustration of how our long-term funding is helping us more fully address high-risk compliance areas.” These audits will focus on aircraft usage by high-income taxpayers, in addition to large corporations and partnerships.
“The IRS has concerns that the use of these jets is not being properly allocated between business and personal activities,” he said. “We are concerned people are using business aircraft for personal use, which means the businesses are taking deductions they may not be fully entitled to.”
He conceded that this is a complex area, and in the past the IRS staff has been stretched thin. “With expanded resources, these aircraft audits will help ensure high-income groups aren’t flying under the radar with their tax responsibilities,” he maintained.
Finance Committee Chairman Ron Wyden (D-Oregon) acknowledged the new effort “to root out the abuse of tax breaks for corporate jets—high-flying executives who take tax write-offs for personal travel,” and said he believes the IRS should expand this effort to corporate yachts, where “the abuses are even more blatant.”
The notifications of audits surrounding business aircraft use are anticipated to pick up in the next several months. NBAA has been monitoring this effort closely.

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

IRS Chief Expresses Concern about Business Aircraft Deductions

Werfel told Congress IRS resources had been 'stretched thin' in the area of bizjet deduction compliance

With new AI tools and fresh resources, the IRS is planning to address its concerns surrounding business aircraft deduction noncompliance, Werfel told Congress.

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