Transcript: Aircraft can be owned in trust vehicles, wherein one company owns the aircraft or the aircraft trust and another company or individual is the beneficiary of that trust […]
Transcript: An interchange agreement is one of the few arrangement allowed by the FAA where a non-commercial operator can provide flights for compensation. In this case, the compensation is […]
Transcript: An aircraft time share is one of the few cases where the FAA will allow an aircraft operator to charge for providing air transportation, even though the operator […]
Transcript: A grouping election is an indication to the IRS that an aircraft is part of a larger economic enterprise or activity, and that the profit seeking activity, and […]
Transcript: Fly away sales tax exemptions are exemptions that are in place in many states that say you can come and purchase an aircraft in our state, and as […]
Transcript: Aircraft are commonly leased between companies or individuals in order to comply with FAA regulations. Increasingly, states have been taking a look at whether or not what’s being […]
Transcript: The terms “wet” and “dry” for aircraft leases can be a source of confusion. The way most people in the industry use the term “wet” refers to a […]
Transcript: It takes several weeks for the FAA to process an aircraft registration application. For up to 90 days during this processing window, the aircraft is legal to fly […]
Transcript: The California Interstate Commerce rule is a very attractive avenue to avoid California use tax. It requires the aircraft to be purchased outside California, used for a business […]
Transcript: If you’re going to be taking business deductions on your aircraft, it’s a good idea to keep a separate flight log for tax purposes. It’s going to require […]
Naples Office
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3555 Kraft Rd.
Suite 240
Naples, FL 34105 - 239.213.0066
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Tampa Office
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1300 N. Westshore Blvd.
Suite 220
Tampa, FL 33607 - 888.325.1942
- 239.213.0698
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ADVOCATE CONSULTING LEGAL GROUP, PLLC. 3555 KRAFT RD. SUITE 240 NAPLES, FL 34105 AND 1300 N. WESTSHORE BLVD. SUITE 220 TAMPA, FL 33607. SUZANNE MEINERS-LEVY, ESQ. (239) 213-0066. TAX DISCLOSURE. WE INFORM YOU THAT ANY U.S. FEDERAL TAX ADVICE CONTAINED IN THIS COMMUNICATION (INCLUDING ANY ATTACHMENTS) IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF (I) AVOIDING PENALTIES UNDER FEDERAL TAX LAWS, SPECIFICALLY INCLUDING THE INTERNAL REVENUE CODE, OR (II) PROMOTING, MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY TRANSACTION OR MATTER ADDRESSED HEREIN. PRIVACY POLICY. TERMS OF USE.
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