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You are here: Home / Archives for bonus depreciation

BONUS DEPRECIATION AND ENHANCED §179 EXPENSING EXTENDED TO 2015 AND BEYOND

  • 179 Expensing Election of $500,000; phase out starts when equipment purchases exceed $2,000,000.
  • 50% Bonus depreciation for factory new equipment

 

In a welcome display of good governance, Congress this year has largely broken its recent routine of allowing important tax incentives to expire with the start of each new year, only to retroactively reinstate those provisions as year-end approaches—leaving taxpayers during the interim on tenterhooks, guessing what tax laws they will be subject to.

 » Read more about: BONUS DEPRECIATION AND ENHANCED §179 EXPENSING EXTENDED TO 2015 AND BEYOND  »

Filed Under: Aircraft Deductions, Aircraft Income Tax, Front Page Tagged With: 50% bonus depreciation, aircraft bonus depreciation, aircraft depreciation, aircraft tax, aviation tax, bonus depreciation, section 179, section 179 deduction

Structuring Issues for Owner-Flown Aircraft Under the 2010 Tax Relief Act

Getting the most out of the 2010 Tax Relief Act.

Filed Under: Aircraft Deductions, Aircraft Income Tax, Weekly Tax Tips Tagged With: advocate consulting, aircraft bonus depreciation, aircraft tax, aircraft taxes, aviation tax, bonus depreciation, hobby loss, passive activity

PHENOM 300

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: PHENOM 300  »

Filed Under: Aircraft Tax Savings by Make & Model Tagged With: aircraft bonus depreciation, aircraft tax, bonus depreciation, EMBRAER AIRCRAFT, EMBRAER JET, Personal Use, PHENOM JETS

PHENOM 100

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: PHENOM 100  »

Filed Under: Aircraft Tax Savings by Make & Model Tagged With: bonus depreciation, EMBRAER AIRCRAFT, EMBRAER JET, Jet depreciation

Latest Article

Corporate Jet Investor Town Hall – Finance, Tax and All That Jazz (Webinar Replay)

View a replay of the town hall by clicking the video above, or following the link here.

As you know, these are unprecedented times for business aviation. We invite you to join the Corporate Jet Investor Town Hall as a way of staying connected and informed during this period.

Moderated by Alasdair Whyte, co-founder Corporate Jet Investor, each week CJI will tackle a different issue or topic through the knowledge of as many expert participants as possible.

 » Read more about: Corporate Jet Investor Town Hall – Finance, Tax and All That Jazz (Webinar Replay)  »

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Advocate Consulting Legal Group, PLLC. 3555 Kraft Rd. Suite 240 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.