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NEW IRS “REPAIR REGULATIONS” IN 2014 WHAT QUALIFIES FOR CURRENT WRITE-OFF VS. DEPRECIATION?

In September 2013, the Department of Treasury released long-expected final regulations governing what expenditures can be deducted as repairs in the year incurred, versus what must be depreciated over multiple years.  These new regulations, which are effective starting in 2014, and will govern this area of law for the foreseeable future, span several hundred pages in length.  As a result, this article provides only a basic introduction, and leaves out numerous special rules and exceptions. 

 » Read more about: NEW IRS “REPAIR REGULATIONS” IN 2014 WHAT QUALIFIES FOR CURRENT WRITE-OFF VS. DEPRECIATION?  »

Filed Under: Aircraft Deductions, Aircraft Income Tax, Front Page Tagged With: capitalizing equipment

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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.