April 2, 2024
The Pay & Proxy Podcast: Corporate Aircraft Use – The Latest Trends & IRS Audit Plans
I blogged last month about the “aircraft audit” initiative that the IRS recently launched. In the latest 20-minute episode of the “Pay & Proxy Podcast,” Meredith interviewed Cooley’s Brad Goldberg and Jet Counsel’s Stewart Lapayowker about this development – and all the latest ins & outs of corporate aircraft compliance & disclosure. They covered:
1. The demand for aircraft by corporations and executives, during and coming out of the pandemic
2. Tax issues for companies and executives
3. What we know about the IRS audit plans
4. The complicating factors of commuting benefits and remote work
5. The recent trend of individual executives or directors purchasing aircraft
6. Related party transaction considerations when a company charters an executive or director’s plane
7. Confirming & improving your controls and record keeping
If you have an executive compensation topic that would be good for a podcast, reach out to Meredith! She’s at mervine@ccrcorp.com.
– Liz Dunshee