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Practice Areas

Aircraft Operations & Law

Aircraft operators can control liability exposure through ownership structures, contractual agreements, insurance, and ensuring compliance with FAA regulations. How you plan for liability protection will often provide protection for key corporate and personal assets.

Owning and operating a business aircraft can serve as an incredible time saver, connecting you to your products, clients, colleagues and project more effectively and efficiently. However, those clear skies can get significantly more troubled when an IRS audit requires your full time and attention. While there is no way to insulate yourself from the possibility that the IRS will choose to examine your business aircraft, the following are a few simple steps that may decrease the likelihood of examination, or make any resulting exam less painful and disruptive to your business operations.

  • Structure the transaction correctly from the beginning
  • File appropriate elections to group
  • Keep contemporaneous logs and use them for disallowance calculations reflected on the return

There is no magic bullet that insulates you from undergoing a tax audit, or that makes a personal aircraft that is outside a business context tax deductible. The above information, however, provides a few concrete steps that you can take to help ensure that the business aircraft that you are operating continues to make business easier and more efficient, rather a source of a headache with the IRS.

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Piston Aircraft Comprehensive Service Agreement

For Piston Aircraft  – $5,000 per year

Small Turboprop Comprehensive Service Agreement

For a single Turboprop Aircraft costing less than $2,000,000 – $7,500 per year

Large Turboprop Comprehensive Service Agreement

For Turboprop Aircraft costing more than $2,000,000 – $10,000 per year

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Jonathan Levy

Shareholder

Suzanne Meiners-Levy

Shareholder

Joseph Quackenbush

Managing Attorney

Letisha Bivins

Managing Attorney

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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 […]