Attorney Troy Rolf continues his treatment of depreciation methods and requirements for business aircraft with a discussion on mixed business use. Business Aircraft Federal Tax Depreciation Basics (Part 2)
Federal Income Tax Treatment of Personal Use of Aircraft
Attorney Troy Rolf dissects the details of depreciation and describes how this accounting principle can benefit owners of business aircraft. “Certain uses of an aircraft by a business entity that arguably may be considered qualified business uses nevertheless will not qualify under certain circumstances.” Business Aircraft Federal Tax Depreciation Basics (Part 1)
New Developments in State Sales and Use Taxes on Aircraft Purchases
DOJ Targets Corporate Officers
New ADA Technical Assistance
Aircraft Ownership and Operations Planning
Supreme Court – Same Sex Marriages
Associations Must Recognize Rights of Transgender Employees, Members and Guests
Good news, notes Attorney Troy Rolf. The General Assembly of the State of New York recently passed, and Governor Andrew Cuomo signed, sweeping tax changes with positive impact for owners and operators of aircraft. Sales and Use Tax Update New York Reform