The rates for valuing employer-provided airplane flights for the first half of 2021 are announced. In a revenue ruling, the IRS published the U.S. Department of Transportation’s semi-annual Standard Industry Fare Level (SIFL) rates and terminal charges used in the special valuation formula for valuing employer-provided noncommercial flights. If a person flies on an employer-provided aircraft, he or she might have to include the value of the flight as ordinary income. For the rates for flights taken from Jan. 1, 2021 to June 30, 2021, read IRS Revenue Ruling 2021-11 in the Internal Revenue Bulletin here: https://bit.ly/3wDfLkD Call or visit our website for more information! www.mjscpa.com/