Federal Income Tax Treatment of Personal Use of Aircraft
December 12, 2017
This webinar will provide 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 use of a business aircraft. (Duration – 60 Minutes)
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