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In July 2017, the IRS announced that it would no longer try to collect the ticket taxes.

Therefore, the new law simply codifies the status quo.

That, combined with his username and other account details, gave Robb enough information to Google him, find his real name, and find his social media pages.

The information exposed can be particularly devastating to people living in small towns, where they are more easily identified.

The revision is relevant if you—not your business—own an aircraft and deducted your aircraft-associated costs as employee business expenses under the old law.

This could be the case, for example, with a startup, where having an aircraft on the company books would negatively impact the valuation of the business, but the person who launched and runs the company is wealthy enough to own an aircraft.

The law used to allow you to deduct business entertainment expenses that were directly related to, or associated with, the active conduct of a business, but now you can’t write off any entertainment expenses.

However, to be eligible for this bonus deduction, you cannot have entered a written binding agreement with the aircraft seller prior to September 27, 2017.

Private Aviation Advisory Board member Keith Swirsky, the president of GKG Law and the chairman or GKG Law’s Business Aircraft Group and Tax Group.

But, he says, if it does, it won’t necessarily be because of the provisions related specifically to aircraft purchase or ownership.

“You rarely see this with Gulfstream owners or Global Express owners or Falcon 900 owners, but you see it with owners of smaller planes—light turboprops and light jets.

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