Disallowance Questions Answered — New Final Rule on Aircraft Operating Expenses Attributable to Commuting
GKG Law Webinar
On March 10, GKG Law Principal Troy Rolf and special guest speaker PwC Director Richard Farley discussed the history and all pertinent details of the IRS’s new final rule Treas. Reg. Section 1.274-14. The rule addresses the disallowance of deductions for aircraft operating expenses attributable to commuting and answers previously unanswered questions from IRC Section 274(l)(1), such as What constitutes an employee’s residence or place of employment? and What would be considered necessary for ensuring the safety of the employee? Troy and Rick provided a thorough overview of background, recent changes, framework of the new rule, and more.
The slides are attached below and the recording can be accessed here.
