This entry was posted on Tuesday, February 22nd, 2011 at 2:13 pm and is filed under Audio and Visual Tax Tips, Audio and Visual Tax Tips. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
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.
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Careful planning and structuring is necessary to assure the most beneficial tax results. In many instances it is possible to legally avoid or greatly reduce the aircraft sales or use tax that would otherwise apply. A taxpayer must be mindful of hobby loss and passive activity rules so as to avoid adverse tax treatment. A thorough understanding of activity grouping is key to minimize audit exposures. This video provides unique insights into the issues and potential solutions
Advocate Consulting Legal Group, PLLC. 3073 Horseshoe Drive South, Naples, FL 34104. Suzanne Meiners-Levy, Esq. (239) 213-0066. IRS Circular 230 Disclosure. New IRS rules impose requirements concerning any written federal tax advice from attorneys. To ensure compliance with those rules, 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
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