IRS Reporting. The fair market value of Personal Flight Time will be reflected as income on your W-2 in accordance with applicable IRS regulations based on the Standard Industry Fare Level formula (SIFL) pursuant to 26 C.F.R. §1.61-21(g) or a comparable successor provision.
Appears in 8 contracts
Samples: Use of Private Aircraft Agreement (Sirius Xm Holdings Inc.), Personal Use of Company Aircraft Agreement (Gci Liberty, Inc.), Use of Private Aircraft Agreement (Sirius Xm Holdings Inc.)
