Will the FAA notify owners when it is time to renew registration?
Transcript: Six months before an aircraft registration expires, the FAA will mail a reminder to the address that they have on record for the aircraft. A month later, a
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Why would I place my aircraft with a flight school operation?
Transcript: Flight school operations are commonly located at your local FBO and they’re how many of us learn how to pilot, how to fly. Most flight schools don’t own
Why might the IRS treat my aircraft business as a passive activity?
Transcript: When the IRS takes a look at our income and our expenses, they divide those income and expenses into several categories, that is, active income and expenses, passive
Why might I want to put my aircraft in a trust?
Transcript: Aircraft trusts are used for many reasons, but a common one is to meet legal aircraft registration requirements. US law restricts ownership of US registered aircraft by non-citizens.
Why is leasing so common for aircraft?
Transcript: Leasing is really common for aircraft operations because aircraft are high liability items, and we always want to be very careful about who is in operational control of
Where do N-numbers come from?
Transcript: Aircraft receive an N-Number when they are first registered with the FAA, either an owner’s specially requested N-Number or a random one. Most already have an N-Number by
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