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You are here: Home / Archives for CIRRUS AIRPLANES

SR22T

To Maximize Deductions The Taxpayer Must Place Aircraft in Service in 2013

Current tax law provides for both bonus depreciation and an enhanced expensing election available to new aircraft purchasers.  Fifty percent (50%) bonus depreciation is available for all new aircraft, including fractional interest, that are used primarily for business.  The enhanced expensing election of $500,000 applies to new or used aircraft placed in service by “qualifying small business” taxpayers.  A qualifying small business is one that invests less than $2,000,000 in total equipment purchases during the year. 

 » Read more about: SR22T  »

Filed Under: Aircraft Tax Savings by Make & Model Tagged With: CIRRUS AIRCRAFT, CIRRUS AIRPLANES, cirrus depreciation, cirrus expensing, cirrus tax deductions

SR22

To Maximize Deductions The Taxpayer Must Place Aircraft in Service in 2013

Current tax law provides for both bonus depreciation and an enhanced expensing election available to new aircraft purchasers.  Fifty percent (50%) bonus depreciation is available for all new aircraft, including fractional interest, that are used primarily for business.  The enhanced expensing election of $500,000 applies to new or used aircraft placed in service by “qualifying small business” taxpayers.  A qualifying small business is one that invests less than $2,000,000 in total equipment purchases during the year. 

 » Read more about: SR22  »

Filed Under: Aircraft Tax Savings by Make & Model Tagged With: CIRRUS AIRCRAFT, CIRRUS AIRPLANES, cirrus depreciation, cirrus expensing, cirrus tax deductions

SR20

To Maximize Deductions The Taxpayer Must Place Aircraft in Service in 2013

Current tax law provides for both bonus depreciation and an enhanced expensing election available to new aircraft purchasers.  Fifty percent (50%) bonus depreciation is available for all new aircraft, including fractional interest, that are used primarily for business.  The enhanced expensing election of $500,000 applies to new or used aircraft placed in service by “qualifying small business” taxpayers.  A qualifying small business is one that invests less than $2,000,000 in total equipment purchases during the year. 

 » Read more about: SR20  »

Filed Under: Aircraft Tax Savings by Make & Model Tagged With: CIRRUS AIRCRAFT, CIRRUS AIRPLANES, cirrus depreciation, cirrus expensing, cirrus tax deductions

Latest Article

A New Era in Business Aviation: Highlights from the Tax Cuts and Jobs Act

After years of debate, tax reform has arrived. The late-year 2017 passage and signing of the Tax Cuts and Jobs Act (TCJA) has reshaped the business and individual tax landscape. The TCJA provides excellent tax opportunities for businesses of all sizes to invest in general aviation aircraft, but requires careful planning and review to ensure that deductions are preserved. Below you will find a few highlights of the new law, along with discussion points to consider with a trusted advisor.

 » Read more about: A New Era in Business Aviation: Highlights from the Tax Cuts and Jobs Act  »

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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.