Congress has chosen to allow taxpayers to write off the cost of their aircraft on an accelerated basis. Business aircraft used for private purposes (non-commercial) can be depreciated using 5-year […]
Revenue Procedure 2010-13 Effective for Years Beginning After January 25, 2010 There are a number of good business reasons to isolate aircraft ownership and operation in stand alone entities. The […]
IRS EXPANDS AIRCRAFT TAX EXAMS – HOW SHOULD YOU PREPARE? The Internal Revenue Service appears to be taking increased interest in aircraft owners’ income tax returns. It may be a […]
Aircraft Deductions, Aircraft Income Tax
Aircraft Income Tax, Passive Activity & Hobby Loss
Aircraft Income Tax, Passive Activity & Hobby Loss
Structuring Transactions to Control Liability and FAA Limitations May Require Tax Election There are often compelling reasons to own an aircraft outside the core business entity. These might include interests […]
Aircraft Income Tax, Tax Planning
Aircraft Income Tax, Tax Planning
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