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
Unique Issues in Aircraft Purchase & Sale Transactions
Group Buying Programs
While simply commuting between home and office is not considered a business expense, there are circumstances where travel between a place of residence and work locations can be deemed deductible, observes Troy Rolf. Knowing The Difference: Distinguishing Between Business Travel and Commuting.
New Developments in State Sales and use Taxes on Aircraft Purchases;
Balancing Safety and the Rights of Disabled Employees