Heonjun Park
Areas of Focus
Overview
Heonjun Park is an associate in the firm’s Antitrust and Competition as well as the Corporate and Transactional groups. In his Antitrust practice, Heonjun works with clients and colleagues on transactional antitrust issues, including antitrust compliance, mergers and acquisitions, and business analysis. In his Corporate practice, Heonjun has assisted with mergers and acquisitions. During law school, Heonjun served as editor of the Cornell International Law Journal and was involved in the Cornell Securities Law Clinic.
Career & Education
- California
Extern, California Department of Justice, 2021 - New York
Judicial Intern, New York Supreme Court, 2021
- California
- Yonsei University, Sinchon Campus, B.A., 2019
- Cornell Law School, J.D., 2023
- New York
- Korean
Heonjun's Insights
Client Alert | 1 min read | 02.29.24
IRS to Kickoff Audit Campaign Focused on Business Aircraft Users
Last week, the IRS announced plans to begin a campaign to audit personal use of business aircraft. The audits will focus on whether large corporations, partnerships and high-and ultra-high net worth aircraft owners have properly reported their business and personal aircraft usage for tax purposes, with a particular focus on ensuring that owners are only taking deductions to which they are entitled. Given the value of an aircraft, the amount of a deduction for aircraft related expenditures on a given taxpayer’s return can be in the tens of millions of dollars, and with more than 10,000 corporate jets operating in the U.S., IRS Commissioner Daniel Werfel recognized that much is at stake with this campaign. The audit campaign is expected to focus initially on multinational and domestic corporations and complex partnerships but is expected to expand from there.
Heonjun's Insights
Client Alert | 1 min read | 02.29.24
IRS to Kickoff Audit Campaign Focused on Business Aircraft Users
Last week, the IRS announced plans to begin a campaign to audit personal use of business aircraft. The audits will focus on whether large corporations, partnerships and high-and ultra-high net worth aircraft owners have properly reported their business and personal aircraft usage for tax purposes, with a particular focus on ensuring that owners are only taking deductions to which they are entitled. Given the value of an aircraft, the amount of a deduction for aircraft related expenditures on a given taxpayer’s return can be in the tens of millions of dollars, and with more than 10,000 corporate jets operating in the U.S., IRS Commissioner Daniel Werfel recognized that much is at stake with this campaign. The audit campaign is expected to focus initially on multinational and domestic corporations and complex partnerships but is expected to expand from there.
