Deciding to include Business Aviation as an element of transportation policy for a corporation is easy. Determining which regulatory structure—FAR Part 91 or Part 135—is more involved, notes aviation attorney Keith Swirsky. Part 91 or Part 135
Attorney Chris Younger continues his explanation of IRS procedures related to deferring capital gains taxes when a company replaces an existing business aircraft with a similar piece of equipment. Aircraft Transactions: Tax-Free Like-Kind Exchanges of Aircraft (Part 2)
Surface Transportation Board Update
FLSA Article
U.S. Tax Code allows for the disposal of an asset, such as a business aircraft, and the acquisition of its replacement without generating a current tax liability associated with capital gains from selling the first asset. Attorney Chris Younger summarizes the procedures as they apply in practice to Business Aviation. Aircraft Transactions – Tax-Free Like-Kind […]
When and how a corporation depreciates an asset has a signifnificant impact on whether to purchase, lease or charter business aircraft, notes Chris Younger. Depreciation of Business Aircraft: The Issues Board Members Should Consider
Boards: When Duty Calls
Some aspects of Bonus Depreciation were retained in recent legislation to avoid the fiscal cliff, observes attorney Troy Rolf. Bonus Depreciation: Extended for Another Year
Group Buying Programs
While simply commuting between home and office is not considered a business expense, there are circumstances where travel between a place of residence and work locations can be deemed deductible, observes Troy Rolf. Knowing The Difference: Distinguishing Between Business Travel and Commuting.