Keith Swirsky, President of GKG Law, will be a featured panelist at the 2019 NBAA Business Aircraft Finance, Registration & Legal Conference in Fort Myers, FL, March 17-19, 2019. Keith will participate in the discussion Tax Issues Arising in Aircraft Transactions, which will explore practical application of tax issues that arise in the acquisition and disposition of business aircraft […]
Keith Swirsky, President of GKG Law, will be a featured speaker at Satcom Direct's Connecting with Customers event in Orlando, Florida. Keith will be presenting the topic "IRS & SEC Risk Management." This annual technical training and customer appreciation event is packed with industry updates, continuing education, product training, and showcases the latest innovations in the business […]
On Tuesday, January 15, 2019, GKG Law's Keith Swirsky led a detailed webinar on the topic “Options for Allowing Third Parties to Use Your Aircraft: Income Tax, Excise Tax and Sales Tax Considerations." The webinar provided an overview of (i) options available in connection with allowing affiliated persons and unaffiliated third parties to utilize a business aircraft including Part 135 aircraft […]
As 2018 comes to a close, it’s a good time to review recent tax changes that can provide significant planning opportunities for business aircraft owners and operators. Passage of the Tax Cuts and Jobs Act in late 2017 brought about a number of changes, including 100 percent bonus depreciation on new and used qualifying property […]
On Tuesday, December 11, 2018, GKG Law's Keith Swirsky led a detailed webinar on the topic “Federal Income Tax Treatment of Personal Use of Aircraft." The 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 personal use […]
On Tuesday, November 6, 2018, GKG Law's Keith Swirsky led a detailed webinar on the topic of bonus depreciation. This webinar consisted of an update regarding the availability of bonus depreciation and rules relating to the application of bonus depreciation in the context of an aircraft acquisition. Full audio of the webinar can be accessed here https://attendee.gotowebinar.com/recording/4572399763089272066. 2018 […]
Keith Swirsky, President of GKG Law, will give a presentation entitled “Bonus Depreciation” at the 2018 NBAA Tax, Regulatory & Risk Management Conference to be held October 14 – 15, 2018 in Orlando, FL. Keith's educational session will cover the rules regarding aircraft depreciation deductions, including the new bonus depreciation rules, the mechanics under Section 280F for determining eligibility for […]
Keith Swirsky, President of GKG Law, gave a presentation entitled “Bonus Depreciation” at the 2018 NBAA Tax, Regulatory & Risk Management Conference held October 14 – 15, 2018 in Orlando, FL. Keith's educational session covered the rules regarding aircraft depreciation deductions, including the new bonus depreciation rules, the mechanics under Section 280F for determining eligibility for MACRS depreciation, the so-called “leasing company trap” […]
The NBAA Annual Convention to be held October 16-18, 2018 in Orlando, Florida, will definitely have a buzz concerning 100% Bonus Depreciation. Immediately following Labor Day 2018, GKG Law’s phone has literally been ringing off the hook with clients calling about purchasing an aircraft in order to get the 100% write off. The stock market has […]
Most everyone in the business aviation industry has heard that the 2017 Tax Cuts and Jobs Act (the “Act”) permits a 100% write off of the purchase price of new and used aircraft in the year of their purchase. However, many people do not realize that this provision of the Act is subject to a […]