Internal Revenue Bulletin: 2012-34 |
August 20, 2012 |
Table of Contents
- T.D. 9597
- AGENCY:
- ACTION:
- SUMMARY:
- DATES:
- FOR FURTHER INFORMATION CONTACT:
- SUPPLEMENTARY INFORMATION:
- Background
- Explanation of Provisions and Summary of Comments
- 1. Determination of Costs
- a. Application of disallowance to fixed costs
- b. Charter rate safe harbor
- c. Depreciation
- d. Interest expense
- e. Aircraft aggregation
- 2. Allocation of Costs to Flights
- a. Primary purpose test
- b. Effect of allocation rules
- 3. Allocation of Disallowance to Expenses
- 4. Bona Fide Security Concerns
- 5. Aircraft as Entertainment Facilities
- 6. Deadhead Flights
- 7. Leases to Third Parties
- 8. Section 274(e)(8) Exception
- 9. Travel on Regularly Scheduled Commercial Airlines
- 10. Charitable Contribution Deduction
- 11. Income Inclusion and Compensation
- Effective/Applicability Date
- Effect on Other Documents
- Special Analyses
- Adoption of Amendments to the Regulations
- Drafting Information
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