Continued Incentives through 2023 and Beyond Require Careful Planning and Recordkeeping By Suzanne Meiners-Levy As we find ourselves nearing the fourth quarter of 2022, five years since the passage of […]
Aircraft co-ownership is an incredible way to cut down on the fixed costs associated with owning and operating an aircraft and can also allow you to acquire an aircraft that can better suit your unique missions. But, as with any partnership, there can be significant difficulties and pitfalls without proper planning and documentation. ACLG has worked for decades in the general aviation industry and has helped numerous clients engage in successful co-ownership of aircraft of all sizes.
Our team of lawyers and tax professionals will work directly with you and your co-owner to determine the appropriate ownership structure to maximize federal income tax deductions, reduce the impact of sales/use tax on the purchase, and comply with all FAA rules and Federal Aviation Regulations. This will include the preparation of a Co-Ownership Agreement, which has been specifically crafted throughout decades of experience in the industry to avoid common pitfalls and issues between co-owners.
While there are a number of companies that can assist with a small portion of your overall plan for aircraft co-ownership, ACLG is a leader in the general aviation industry for our Tax, Legal, and Compliance (“TLC”) work, which is why we are the Aviation TLC provider. Contact us today to see how our team of professionals can assist you!
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Continued Incentives through 2023 and Beyond Require Careful Planning and Recordkeeping By Suzanne Meiners-Levy As we find ourselves nearing the fourth quarter of 2022, five years since the passage of […]
By Advocate Consulting Legal Group, PLLC TAMPA, Florida — June 27, 2022 — Following a 17-year long career in Business Development, Scott Battle has announced his retirement from Aviation TLC […]
By Suzanne Meiners-Levy, Owner & Pilot Advantage Magazine, a Skytech Publication, Spring Issue, 2022. While tax reform at the federal level remains unclear and 100% bonus depreciation appears on the verge of phasing […]
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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