AVIATION TAX PLANNING - How does Advocate Consulting Legal Group, PLLC integrate with my current accounting / legal team that knows my business? Aircraft operation planning is unique because it requires the integrating of Federal Aviation Regulations, Department of Transportation Regulations, … [Read More...]
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Aircraft Income Tax
If you use your aircraft for business you may be entitled to income tax deductions. The tax savings available depend on the nature of business use and the ownership structure. With this in mind, our main goal is to provide aviation “TLC”. By providing Tax, Legal, and Compliance services in a single … Continue Reading…
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Aircraft State & Local Tax
Aircraft purchasers can easily avoid sales tax by closing their sale in the proper jurisdiction. However use tax will generally be imposed where the aircraft is based absent proper planning. There may be multiple state and local use and property taxes imposed on aircraft that travel outside their … Continue Reading…
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Aircraft Operations & Law
Aircraft operators can control liability exposure through ownership structures, contractual agreements, insurance, and ensuring compliance with FAA regulations. How you plan for liability protection will often provide protection for key corporate and personal assets. Owning and operating a business … Continue Reading…
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Aircraft Solutions
Designing and implementing tax efficient aircraft acquisition and operational programs. Objectives - Maximize Income Tax Savings and Minimize Sales Use Tax Expense. … Continue Reading…
Our Services – FAQ
Can you define Personal Aircraft Use briefly? The personal-use rules have change dramatically in recent years. Legislation passed in 2004 create a distinction between two varieties of personal use: personal entertainment (PE) and personal non-entertainment (PNE). Personal entertainment … [Read More...]
Overlooked & Misunderstood – The Basics of State Aircraft Taxes
By: Letisha D. Bivins State taxes are often overlooked in general aviation. Whether you use your plane for business or just for personal pleasure, there are state taxes that may apply to your plane in one or more forms. Forty-four states impose sales and use tax on planes. In addition, 42 states … [Read More...]
IADA Presents: Industry Update on Tax & Lending (Replay)
Missed the IADA webinar on Industry Update on Tax & Lending? No problem! Click the image above (or here) for a replay of the webinar. Note that you may need to register to view it if you have not already done so. If you have any questions, do not hesitate to reach out to us at … [Read More...]