April 13, 2022
Tax Court holds retired airline pilot must include in income value of free plane tickets airline gave to adult relatives
In Douglas Mihalik, et ux. v. Commissioner, the Tax Court has held that a retired airline pilot must include in income the value of airline tickets his former employer gave to two of his adult relatives, concluding the value of the tickets did not qualify for exclusion under IRC Section 132 because the adult relatives were not his dependent children and the tickets could not be considered a de minimis fringe under IRC Section 132(e).
Douglas Mihalik, et ux. v. Commissioner