Strategies for Tracking & Reporting Non-Business Use of Aircraft
Strategies for Tracking & Reporting Non-Business Use of Aircraft
Strategies for Tracking & Reporting Non-Business Use of Aircraft
Keith Swirsky, President of GKG Law and Chair of the firm's Business Aviation practice, and Doug Stewart, AircraftLogs, gave a presentation on Strategies for Tracking and Reporting Non-Business Use of Aircraft, at the NBAA Tax, Regulatory & Risk Management Conference on October 20, 2013, in Las Vegas, Nevada.
They addressed:
- Understand how the IRS values non-business use of aircraft for fringe benefit purposes and how to properly report the usage
- How do the entertainment use disallowance rules fit in with valuation of fringe benefits?
- Review how to use tools such as timeshare agreements that allow reimbursement to the company for non-business use
- Learn about strategies and best practices for tracking non-business use.