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Business Expense Deduction for Private Jet Allowed if Reasonable: Kurzet v. Commissioner

In Kurzet v. Commissioner, the Tenth Circuit held that the Tax Court erred in determining that expenses attributable to the use of the taxpayers’ Lear jet were not deductible pursuant to section 162(a). The Tenth Circuit concluded that the Tax Court improperly treated...

J. Taylor McConkie

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