Troy Rolf provides 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 operating expense and depreciation deductions and common strategies to minimize negative tax consequences to an aircraft owner or passenger arising from personal […]
Attorney Chris Younger continues his explanation of IRS procedures related to deferring capital gains taxes when a company replaces an existing business aircraft with a similar piece of equipment. Aircraft Transactions: Tax-Free Like-Kind Exchanges of Aircraft (Part 2)
Surface Transportation Board Update
Defending a Federal (IRS) Income Tax
FLSA Article
U.S. Tax Code allows for the disposal of an asset, such as a business aircraft, and the acquisition of its replacement without generating a current tax liability associated with capital gains from selling the first asset. Attorney Chris Younger summarizes the procedures as they apply in practice to Business Aviation. Aircraft Transactions – Tax-Free Like-Kind […]
When and how a corporation depreciates an asset has a signifnificant impact on whether to purchase, lease or charter business aircraft, notes Chris Younger. Depreciation of Business Aircraft: The Issues Board Members Should Consider
TAUC and GKG Law, P.C. presented a free contractor collaboration webinar designed specifically for industrial and commercial union contractors interested in better understanding joint ventures, and antitrust compliance. Anytime two contractors get together to discuss a joint venture or submit a joint bid on a project, they need to be aware of the potential […]
Boards: When Duty Calls
Some aspects of Bonus Depreciation were retained in recent legislation to avoid the fiscal cliff, observes attorney Troy Rolf. Bonus Depreciation: Extended for Another Year