Transcript: The sale of a depreciated aircraft usually results in a gain, taxable as ordinary income, rather than capital gains. In fact, any excess of tax depreciation over economic […]
Transcript: The expenses that can be deducted for the use of a business aircraft are wide ranging and as an aircraft owner or operator you’re probably well aware of […]
Transcript: In thinking about aircraft task planning or purchasing a business aircraft, many aircraft owners have heard wind of or become concerned that their aircraft may be considered a […]
Transcript: In day to day use, a fractional share can seem much like purchasing a block of hours from a charter company, though there are differences. For example, the […]
Transcript: Aircraft co-ownership is a good way to make general aviation more affordable. Before entering into such an agreement, consider factors like, “How frequently will I be using the […]
Transcript: In setting up a business craft ownership structure and in taking deductions from business aircraft, there are a variety of traps. What we’re trying to do generally as […]
Transcript: Yes, there’s several avenues in order to appeal the proposed adjustments of an IRS audit provided that you act within the time windows required by the IRS. Generally, […]
Transcript: Because aircraft generate relatively large expenses on tax returns, especially with the purchase incentives of depreciation, they may be more subject to you receiving an IRS notice. Generally […]
Transcript: If you’re going to operate an aircraft for a business, most commonly the favored structures for most businesses is that it be owned in a business or in […]
Transcript: Although it isn’t required, a good practice for aircraft making use of the California Interstate Commerce Use Tax Exemption is to proactivity submit for a voluntary determination. Technically […]
Naples Office
-
3555 Kraft Rd.
Suite 240
Naples, FL 34105 - 239.213.0066
- 239.213.0698
- info@advocatetax.com
Tampa Office
-
1300 N. Westshore Blvd.
Suite 220
Tampa, FL 33607 - 888.325.1942
- 239.213.0698
- info@advocatetax.com
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.
© 2021 Advocate Consulting Legal Group, PLLC. All Rights Reserved. Website by Attorney Marketing & Design