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2009 Stimulus Package Expected to be Enacted Soon.  Retro-Active to January 1, 2009
 

Included in the package are provisions for bonus depreciation and increased expensing under Section 179. This is a contiuation of the 2008 Stimulus Package enacted last February.  This development presents tremendous opportunities for tax planning in 2009 and 2010.

 50% BONUS DEPRECIATION - AIRCRAFT QUALIFICATIONS

 PLACED IN SERVICE REQUIREMENTS - NEW AIRCRAFT

 $250,000 EXPENSE DEDUCTION UNDER SECTION 179 -  DO YOU QUALIFY?

       DEPRECIATION & SECTION 179 CALCULATOR - FOR NEW OR USED AIRCRAFT

      WEBINAR - BONUS DEPRECIATION & INCREASED EXPENSING FOR AIRCRAFT 


      NEW - BONUS & EXPENSING ANALYSIS BY AIRCRAFT MAKE & MODEL 

New Aircraft
Cost
2008 Deduction
% of cost
Manufacturer
CESSNA 182T

 $367,000

 $320,200

87%


 CESSNA

 

CIRRUS

$571,995

$443,197

77%


CIRRUS

 

DIAMOND DA40

$334,950

$300,970

89%


DIAMOND

 


DEMO SPECIAL DA40XL

$299,950
$279,790
93%
MOONEY OVATION 3

$474,900

$384,940

81%


MOONEY

 

PIPER SARATOGA

$573,500 

$444,100 

77% 


 PIPER

RAYTHEON BONANZA

$585,000

$451,000

77%


RAYTHEON

 

 

© 2009 All Rights Reserved, Advocate Consulting Legal Group, PLLC, 3073 Horseshoe Drive South, Naples, FL 34104
IRS Circular 230 Disclosure.  New IRS rules impose requirements concerning any written federal tax advice from attorneys.  To ensure compliance with those rules, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under federal tax laws, specifically including the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.