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Practice Areas

Aircraft Income Tax

If you use your aircraft for business you may be entitled to income tax deductions. The tax savings available depend on the nature of business use and the ownership structure. With this in mind, our main goal is to provide aviation “TLC”. By providing Tax, Legal, and Compliance services in a single engagement, we strive to streamline the process of acquiring a business aircraft and managing the tax concerns and compliance needs on a go forward basis. Each client is supported by a Legal Advisor, Tax Advisor and Compliance Specialist. This team is responsible for service delivery under the engagement.

Advocate will assist in the development of the best available operational structure based on your specific facts, balancing numerous concerns, including: compliance with FAA regulations; minimizing exposure to Federal Excise Taxes; providing operational flexibility; achieving the maximum federal tax deductions that your situation allows; controlling liability to the extent possible; and minimizing the impact of state sales and use taxes.

The Legal Advisor, supported by the Compliance Specialist, forms entities, drafts purchase agreements, operating agreements, leases, management agreements and the like, and files them with the FAA when appropriate.

The Tax Advisor, working with the Legal Advisor, outlines record-keeping requirements, reviews compliance, and prepares aircraft tax returns. This includes bonus depreciation calculations, personal use computations, calculation of SIFL fringe benefit income and identifying potential expense disallowance associated with personal use.

Advocate’s custom built flight log portal simplifies client flight log/record keeping. The portal integrates into our proprietary software which converts your flight usage details into the financial outputs necessary to support proper tax reporting.

Finally, when/if you get examined by taxing authorities, Advocate will defend your deductions related to your aircraft through the administrative appeal level at no additional charge.

Advocate does not compete with your other advisor’s services but instead compliment them. By working with your advisors, Advocate develops an aircraft plan, integrates it into your overall planning, drafts necessary documents, and coordinates its execution.

Advocate Covers:

Our Results

Service Agreements

Piston Aircraft Comprehensive Service Agreement

For Piston Aircraft  – $5,000 per year

Small Turboprop Comprehensive Service Agreement

For Turboprop Aircraft with a gross takeoff weight of less than 12,500 lbs, and not subject to “truth in leasing” – $7,500 per year

Large Turboprop Comprehensive Service Agreement

For Turboprop Aircraft with a gross takeoff weight of 12,500 lbs or greater – $10,000 per year

Our Team

Meet the Attorneys

Jonathan Levy

Shareholder

Suzanne Meiners-Levy

Shareholder

Joseph Quackenbush

Managing Attorney

Letisha Bivins

Managing Attorney

Do you love aircraft? Work with our team of professionals!

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Resources

Latest Articles

Utilizing 100% Bonus Depreciation on Aircraft Purchases In 2023

Continued Incentives through 2023 and Beyond Require Careful Planning and Recordkeeping By Suzanne Meiners-Levy As we find ourselves nearing the fourth quarter of 2022, five years since the passage of […]

Advocate Consulting Legal Group Celebrates the Career of Director of Business Development Scott Battle Upon His Retirement

By Advocate Consulting Legal Group, PLLC TAMPA, Florida — June 27, 2022 — Following a 17-year long career in Business Development, Scott Battle has announced his retirement from Aviation TLC […]

Controlling Use Tax on the Purchase of Your Aircraft in 2022

By Suzanne Meiners-Levy, Owner & Pilot Advantage Magazine, a Skytech Publication, Spring Issue, 2022. While tax reform at the federal level remains unclear and 100% bonus depreciation appears on the verge of phasing […]