Aviation Tax and Aircraft Sales Tax

The aviation professionals at Advocate provide turnkey aircraft tax consulting services designed to maximize income tax savings, minimize sales and use tax costs, control property tax, and avoid federal excise tax, all within the strict mandates of the Federal Aviation Administration Regulations.

Aviation Tax Tips

Suzanne Meiners-Levy

BONUS DEPRECIATION AND ENHANCED 179 EXPENSING ELECTION, COUPLED WITH POTENTIAL RATE CHANGES-

MAKE YEAR END 2016 A GREAT TIME TO INVEST IN BUSINESS AIRCRAFT AND AIRCRAFT UPGRADES  
  • Potential drop in flow-through tax rates for small businesses from 39% to 15% or 25% may make the value of deductions substantially exceed the expected recapture at sale
  • 179 Expensing Election of $500,000; phase out starts when equipment purchases exceed $2,000,000.
  • 50% Bonus depreciation for...

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    Advocate Consulting Legal Group, PLLC. 3530 Kraft Rd. Suite 203 Naples, FL 34105 and 1300 N. Westshore Blvd. Suite 220 Tampa, FL 33607. Suzanne Meiners-Levy, Esq. (239) 213-0066. Tax Disclosure. We inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under federal tax laws, specifically including the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.Privacy Policy. Terms of Use. RSS Feed