Troy Rolf concludes his two-part review of the basics of depreciating a business aircraft with a consideration of the possible impact of mixing business use and commercial charter use. Business Aircraft Depreciation Primer – Getting to Grips With The Basics
Federal Excise Tax Update/Significant Issues in Aircraft Purchase and Sale Documentation Including Importation Into the U.S.
Troy Rolf reviews the basics of depreciating a business aircraft in this first of a two-part treatment of a significantly important tax issues. Business Aircraft Depreciation Primer – Getting to Grips With The Basics (Part 1 of 2).
GKG Law hosted a FREE webinar on January 7, 2014, Defending a Federal (IRS) IncomeTax or Excise Tax Audit or a State Sales and UseTax Audit. Keith Swirsky and Chris Younger provided a detailed overview of the process of participating in, preparing for and defending a Federal income tax or Federal excise tax audit or […]
What constitutes placing an aircraft "In Service" for tax purposes? Simply taking a business flight at the end of the tax year may not be enough, warns attorney Troy Rolf. Tax Considerations: When Depreciation Begins
Federal Income Tax Treatment of Personal Use of Aircraft
In this concluding article on the basics of aircraft acquisition, Attorney Keith Swirsky discusses tax planning, ownership structures and considerations of Federal Aviation Regulations. Acquiring a Business Aircraft 101 (Part 2)
What Are Reasonable Travel Expenses
This webinar consisted of two parts. In Part 1, Chris Younger provided an overview of various “limited aircraft usage” options including on-demand charter, block charter, cards programs and fractional ownership, including a comparison of the pros and cons of each alternative. In Part 2 he gave a detailed overview of important issues that purchasers and owners […]
Legal advice and tax planning support are essential in every business aircraft acquisition, notes attorney Keith Swirsky. In all aircraft transactions, documentation should clearly detail the rights and obligations of the individual parties involved. Acquiring a Business Aircraft 101 (Part 1)