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You are here: Home / Archives for part 91 & part 135

IRS RULES ON DEPRECIATION FOR MIXED-USE CHARTER / PART 91 AIRCRAFT

For owners of business aircraft who find themselves flying fewer hours per year than their aircraft can reasonably support, an attractive option is often to contract with a Part 135 charter company to use the excess capacity of the aircraft to sell flights to the public.  Such an arrangement can create a valuable revenue stream from charter customers, which often serves in addition to the owner’s primary reason for the aircraft—i.e., enhancement of the owner’s business through Part 91 flights to meet with customers,

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Filed Under: Aircraft Deductions Tagged With: advocate consulting, aircraft bonus depreciation, aircraft tax, aviation tax, changing class life, depreciation, part 91 & part 135

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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.