Types of companies

February 1, 2007 - 5:52am

The Federal Election Commission (FEC) last month adopted proposed changes to its rules governing the legal rates and timing of travel payments by political candidates, those traveling with candidates and those traveling on behalf of candidates in connection with federal elections on private aircraft, including those operated under Part 91.

February 1, 2007 - 5:05am

Although an article in The Washington Post last month implied that the Internal Revenue Service now sanctions the extensive personal use of company aircraft by owners and employees while the company takes a full deduction for the costs of owning and operating the airplane, several aviation tax attorneys counter that it merely sheds new light on the way the IRS views such matters.

 
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