Federal Income & Excise Tax Implications of Personal & Entertainment Use of Business Aircraft
GKG Law Webinar
On November 19, GKG Law's Keith Swirsky and Troy Rolf hosted the webinar Federal Income & Excise Tax Implications of Personal & Entertainment Use of Business Aircraft. During this one-hour session, presenters discussed the federal income and excise tax issues that arise due to personal and entertainment use of business aircraft, such as income inclusion rules, excise tax implications of reimbursements, and how personal use impacts operating expense and depreciation deductions. Keith and Troy advised on common strategies that help aircraft owners and passengers to minimize negative tax consequences arising from personal or entertainment use of a business aircraft.
A recording from this webinar can be found here and slides are attached below.
