By Suzanne Meiners-Levy The Return of 100% Bonus Depreciation and the Expansion of 179 Expensing: A Boost for General Aviation in the One Big Beautiful Bill Act of 2025 By […]
As an industry, we are delighted that the One Big Beautiful Bill Act (OBBBA) recently reinstated 100% bonus depreciation for qualified business aircraft and expanded Section 179 limits to $2.5 million. While these changes create significant opportunities, there are critical compliance pitfalls that aircraft owners and their advisors must be aware of.
Suzanne Meiners-Levy, firm partner, aircraft tax and leasing expert, and experienced IRS practitioner, welcomes the opportunity to provide a personalized webinar session for your team. Suzanne is a dynamic and engaging speaker, adept at conveying expertise to audiences with a wide range of tax expertise.
Topics we offer:
OBBBA Bonus & 179 Opportunities – Maximizing benefits while avoiding compliance traps
Aircraft Tax Planning 101– Common strategies to structure an aircraft acquisition and business operation
Personal Use of Business Aircraft – Understanding the TCJA and OBBBA’s impact on business vs. personal use rules
IRS Audit Trends – Understanding compliance needs in the current IRS landscape
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By Suzanne Meiners-Levy The Return of 100% Bonus Depreciation and the Expansion of 179 Expensing: A Boost for General Aviation in the One Big Beautiful Bill Act of 2025 By […]
By Suzanne Meiners-Levy On February 21, 2024, the IRS announced it will use enforcement funds from the Inflation Reduction Act (PL 117-169) to initiate “dozens” of new audits focusing on […]
By Suzanne Meiners-Levy & Joshua Blakeney On January 1, 2024, the Beneficial Ownership Information Reporting (“BOIR”) requirements under the Corporate Transparency Act (“CTA”) went into effect. The BOIR requirements under […]