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Bonus Depreciation For 2015 Aircraft

Bonus Depreciation For 2015 Aircraft

by argoodlw | May 7, 2014 | Aircraft Business, Aircraft Income Tax Rules, Aviation News, aviation tips, Tax Exemption

Bonus Depreciation For 2015 Aircraft I read an interesting article in Aviation Week about the resilience of the market for the largest business jets.  Their resilience as the aircraft of choice for ultra high net worth individuals, governments and corporations is no...
Bonus Depreciation For 2015 Aircraft

Deduct Your Flying Lessons

by argoodlw | Oct 3, 2012 | Aircraft Business, Aircraft Income Tax Rules, general aviation, Internal Revenue Service, Legal Resources, Other Tax

Deduct your flying lessons:  Can you take a tax deduction for your flying lessons?  The short answer:  yes, but it depends on your situation and the circumstances. To justify such a deduction, a taxpayer must show that the lessons are a reasonable and necessary...
Bonus Depreciation For 2015 Aircraft

IRS Federal Excise Tax Surprise – New Rules For Aircraft Management Companies?

by argoodlw | Jul 9, 2012 | AIRCRAFT EXCISE TAX, Internal Revenue Service, New Legislation

The IRS’ new view of federal excise tax on aircraft management services in unwelcome indeed. To recap, in an IRS Chief Counsel Memorandum Re Federal Excise Tax and Aircraft Management Companies, the IRS is taking the position that aircraft services such as...
Bonus Depreciation For 2015 Aircraft

Aviation Business News – A View From The 2012 FATA Conference

by argoodlw | Jun 14, 2012 | Aircraft Business, Aircraft Sales Tax, Aviation News, General Aviation Events, New Legislation

For those looking to keep up on Florida’s aviation business news, one of the best events of the year was the 2012 Florida Aircraft Trades Association (FATA) annual conference.  This three day event included aviation business news, recent developments in aircraft...
Bonus Depreciation For 2015 Aircraft

Year End 100% Aircraft Bonus Depreciation

by argoodlw | Nov 14, 2011 | Aircraft Business, Aircraft Income Tax Rules, Aircraft Sales Tax, Legal Resources

From year-end 2011:  “As the holidays approach our thoughts become preoccupied with but one thing: how can I purchase an aircraft and write off 100% of the cost basis in the first year? Well, perhaps not for everyone, but here’s what you need to know: if...
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