Advocate Consulting Legal Group, PLLC - Aviation Tax and Aircraft Sales Tax
Are there tax benefits associated with business aircraft ownership?
How does personal use of a business aircraft affect tax treatment?
Can I write off my aircraft expenses that I use for both business and pleasure?
Do entertainment passengers affect aircraft tax deductions?
Can I allow tag-along passengers to ride on my business flights?
Will the personal use disallowance be the same for the aircraft owner and the aircraft operator?
What is "qualified business use"?
What information should I keep on my aircraft tax flight logs?
Do I need to keep a flight log for my business helicopter?
Should I depreciate my aircraft?
Why is the tax depreciation on aircraft accelerated?
What schedule do I use to depreciate my aircraft?
If I lease my aircraft to a charter company and it is chartered most of the time, will this affect depreciation of the aircraft for Federal tax purposes?
What is bonus depreciation?
Does bonus depreciation apply to used aircraft purchases?
What is Section 179 expensing?
How can I benefit from Section 179 expensing?
What is a placed-in service date of an aircraft?
What is the difference between active and passive income?
Why might the IRS treat my aircraft business as a passive activity?
What does it mean for the IRS to consider something a hobby?
What is a grouping election?
What happens when I sell a depreciated aircraft?
Do I have to pay capital gains tax when I sell my plane?
What is a 1031 exchange?
What is a reverse 1031 exchange?
What is a deferred 1031 exchange?
Why is tax record keeping for aircraft different?
What expenses can be deducted for the use of a business aircraft?
Can I deduct the cost of pilot training for my business aircraft?
Can I deduct the cost of personal use of a business aircraft?
What type of documents do I need to support my aircraft deductions?
How does record keeping affect tax deductions for aircraft?
How much do I have to use my aircraft for business to deduct it?
What is the occupied seat rule?
Who can receive fringe benefit flights?
What is SIFL?
How is SIFL calculated?
What is a personal use disallowance?
Can an experimental aircraft be flown for business?
What are some of the tax traps I should be aware of for my business aircraft?
The IRS audited my business aircraft. Can I appeal their findings?
Should I represent myself in an IRS audit regarding my aircraft?
What taxing authorities should I be aware of when operating an aircraft?
How will a state find out that my aircraft is based there if I don't use the address on the FAA registration?
Do I have to pay sales or use tax on my aircraft purchase?
Can I owe use tax on my aircraft in more than one state?
Are there strategies to minimize CA aircraft use tax?
What is a CA interstate commerce plane?
What records are needed for the California interstate commerce exemption?
Should I do a CA voluntary determination?
What is the difference between Federal and State tax requirements for aircraft acquisition and use?
Can I use a Delaware corporation to avoid sales tax on my aircraft?
What is FET?
How do you calculate Federal excise tax on air transportation?
Do I have to register my aircraft with the state it is based in?
How does excise tax apply to 91.501 operations?
Does FET ever apply to Part 91 flights?
I am an aircraft owner moving an aircraft that I own from another state. Am I liable for use tax?
What is a "fly away" sales tax exemption?
What is a fair market value aircraft lease?
How should buyers and sellers interact as to aircraft sales tax?
How can I lower my property tax bill for my Texas based aircraft?
Are there exceptions to property tax on a Texas aircraft?
Is purchasing an aircraft difficult?
Is it safe to purchase a used jet?
Where do N-numbers come from?
Will the FAA notify owners when it is time to renew registration?
When is it time to renew an aircraft’s registration?
Can I send in my aircraft registration renewal application early?
How do I register my aircraft with the FAA?
Is there a way to register a corporate jet in the United States if the company does not meet the FAA’s definition of United States citizen, such as utilizing an owner trust?
What is the International Aircraft Registry?
Why would I place my aircraft with a flight school operation?
How can I earn revenue from my airplane?
Can I lease my aircraft to third parties?
Should I own the aircraft in my business or personally?
Is it all right to set up a subsidiary, affiliated corporation, or special purpose entity to own?
What is an aircraft trust?
Why might I want to put my aircraft in a trust?
What is a Declaration of International Operations?
What is the FAA flight company department rule?
Is a company allowed to sell flights to others to help cover the cost of the corporate jet?
What is the typical rental period for an aircraft dry lease agreement?
What is truth-in leasing?
How do the truth-in leasing rules define a lease?
What is a dry lease?
What is the NBAA small aircraft exemption?
What is fractional jet ownership?
Is it possible to reduce the cost of aircraft ownership by having a partner?
Can a private pilot receive reimbursement from their passengers?
What are some things to consider in an aircraft co-ownership?
What are the differences between chartering and factional programs
How can an operator get compensated for providing flights?
What is aircraft timesharing?
What is a Part 135 aircraft?
What is an aircraft interchange agreement?
Why is leasing so common for aircraft?
What is the purpose of an aircraft Letter of Intent?
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