GKG Law, P.C. is pleased to announce that four attorneys have been named to the 2020 Washington, DC Super Lawyers list and two attorneys were named to the 2020 Washington, DC Rising Stars list. The following GKG Law attorneys were named to the 2020 Washington, DC Super Lawyers list: Richard B. Bar — Nonprofit Organizations Brendan Collins — Business […]
On Tuesday, March 31, at 1 pm EDT, GKG Law's Keith Swirsky hosted the one-hour webinar "Defending a Federal or State Tax Audit in Aviation and Other Industries." Attendees learned details and best practices of preparing for, participating in, and defending federal income tax or excise tax audits and state sales and use tax audits. Keith discussed the process and procedure […]
A bill recently introduced in the U.S. Senate could make an important tax depreciation rule that has stimulated the sale of new and used business aircraft a permanent part of the tax code. Under the 2017 Tax Cuts and Jobs Act, eligible taxpayers can now deduct 100% of the cost for qualifying new or used […]
On Tuesday, January 14, 2020 at 1:00pm ET, GKG Law's Keith Swirsky led a webinar on the topic "Options for Allowing Third Parties to Use Your Aircraft – Income Tax, Excise Tax and Sales Tax Considerations." This webinar provided an overview of (i) options available in connection with allowing affiliated persons and unaffiliated third parties to utilize […]
On December 10, 2019, GKG Law's Keith Swirsky participated as a panelist on the Aviation International News (AIN) webinar "Necessary Steps to a Successful Aircraft Transaction." Throughout the aircraft buying and selling process, there are several steps where the deal could go sideways, including miscommunication, ethics issues, misunderstanding of regulations, and any number of traps for the unwary. During […]
On Tuesday, November 19, 2019 at 1:00 pm ET, GKG Law's Keith Swirsky and Ryan Swirsky led a detailed webinar on the "Federal Income Tax Treatment of Personal Use of Aircraft." This webinar provided an overview of federal tax issues that arise due to personal use of business aircraft including income inclusion rules, excise tax implications of cost reimbursements, effect of […]
Keith Swirsky, President of GKG Law, gave a presentation entitled “Key Federal Tax Issues and Audits” at the 2019 NBAA Tax, Regulatory & Risk Management Conference held October 20 – 21, 2019 in Las Vegas, NV. Keith was joined by Alan Burnett of CenterPoint Aviation PLLC to lead this educational session covering the federal tax planning issues most frequently dealt with in aircraft ownership and […]
GKG Law's Keith Swirsky and Troy Rolf recently led a detailed webinar on the topic "Bonus Depreciation Update / TCJA Update Provisions." The webinar consisted of two parts: (i) Part 1 included an update regarding the availability of bonus depreciation and rules relating to the application of bonus depreciation in the context of an aircraft acquisition; (ii) Part 2 provided a detailed […]
GKG Law’s Keith Swirsky has been recognized by Chambers High Net Worth as a top lawyer for private aircraft – global-wide. This 2019 Chambers guide covers private wealth management work and related specialisms in key jurisdictions around the world and selects the top professional advisers to high net worth individuals. Chambers writes: Keith Swirsky is president […]
Published in the July 2019 Issue of AvBuyer (40 – 42). Given the large amount of money involved with the purchase of corporate aircraft, many aircraft owners are rightfully concerned with sales tax and the complementary use tax. These concerns often prompt owners to take into consideration ways to minimize or eliminate their tax liability on […]