Transcript: Six months before an aircraft registration expires, the FAA will mail a reminder to the address that they have on record for the aircraft. A month later, a […]
Transcript: Flight school operations are commonly located at your local FBO and they’re how many of us learn how to pilot, how to fly. Most flight schools don’t own […]
Transcript: When the IRS takes a look at our income and our expenses, they divide those income and expenses into several categories, that is, active income and expenses, passive […]
Transcript: Aircraft trusts are used for many reasons, but a common one is to meet legal aircraft registration requirements. US law restricts ownership of US registered aircraft by non-citizens. […]
Transcript: Aircraft are subject to tax depreciation that is very accelerated based upon, in contrast, the actual loss of value of the aircraft. That is makers for part 91 […]
Transcript: Tax record keeping for aircraft is different because the IRS says that they want us to meet a higher standard in showing the use of the aircraft and […]
Transcript: Leasing is really common for aircraft operations because aircraft are high liability items, and we always want to be very careful about who is in operational control of […]
Transcript: When a company compensates and individual in the form of providing use of the company airplane, that type of flight is known as a fringe benefit flight. It […]
Transcript: Aircraft receive an N-Number when they are first registered with the FAA, either an owner’s specially requested N-Number or a random one. Most already have an N-Number by […]
Transcript: Aircraft registrations expire every 3 years and need to be renewed. The easiest way to renew is to follow the instructions included in the letter the FAA sends […]
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Tampa, FL 33607 - 888.325.1942
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