Tax Court OKs Some Expenses Claimed On Co.'s Yacht, Plane
By Matthew Guerry · August 7, 2023, 5:10 PM EDT
An S corporation cannot claim depreciation deductions on its yacht and airplane but may deduct related storage, maintenance and upkeep costs, the U.S. Tax Court ruled Monday....
To view the full article, register now.
Try a seven day FREE Trial
Already a subscriber? Click here to login