As we find ourselves in the first quarter of 2021, many private companies and individuals operating general aviation aircraft, or considering adding general aviation aircraft to our business operations, find […]
By: Suzanne Meiners-Levy Understanding the Value of Equipment Expensing and Carryback Net Operating Losses In uncertain times, businesses and individuals often delay large purchases and investments they had long anticipated, […]
As we approach the last quarter of 2019, market indicators support the possibility of a very strong year-end in aircraft transactions. If you have not purchased or sold an aircraft […]
Bankruptcy Court Affirms a Taxpayer’s Ability to Take General Aviation Deductions for Aircraft that Supports Another Business General aviation owners and operators are well acquainted with the ability of aircraft […]
During past budget shortfalls, aircraft have been the target of securing additional revenues through the aggressive collection of sales, use, and property tax. The portability of aircraft can make it […]
The Tax Cuts and Jobs Act has provided an incredible opportunity for business aircraft owners to purchase aircraft, both pre-owned and new, to begin or strengthen their fleets. Aircraft placed […]
The 2017 Tax Cuts and Jobs Act provides a wonderful opportunity for business aircraft purchasers of both new and pre-owned aircraft to take 100% bonus deprecation on the aircraft purchase […]
After years of debate, tax reform has arrived. The late-year 2017 passage and signing of the Tax Cuts and Jobs Act (TCJA) has reshaped the business and individual tax landscape. […]
Potential Cuts to Business Taxes May Make Deductions More Valuable This Year One of the central promises of the new administration has been long-awaited tax reform. President Trump has promised […]
A Great Time to Invest in Business Aircraft and aircraft upgrades Potential drop in flow-through tax rates for small businesses from 39% to 15% or 25% may make the value […]