passive activity | Advocate Consulting Legal Group, PLLC - The Aviation "TLC" Provider- Part 2

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

Getting the most out of the 2010 Tax Relief Act.

IRS RELEASES IMPORTANT NEW GROUPING RULES FOR AIRCRAFT OPERATORS

Revenue Procedure 2010-13 Effective for Years Beginning After January 25, 2010

There are a number of good business reasons to isolate aircraft ownership and operation in stand alone entities. The benefits often include liability protection, confidentiality, sales and use tax control, and transferability of business interest. Current federal income tax benefits are rarely enhanced by using a stand alone structure; in fact, without proper planning federal tax benefits can be suspended or lost entirely based on the structure chosen.

DEFENDING YOUR AIRCRAFT DEDUCTIONS BEFORE THE IRS

Aircraft Deductions, Aircraft Income Tax

IRS PROPOSES NEW PASSIVE ACTIVITY GROUPING RULES GROUPING OF YOUR AIRCRAFT INTO YOUR PRIMARY BUSINESS

Aircraft Income Tax, Passive Activity & Hobby Loss

HOW TO QUALIFY YOUR FLIGHT SCHOOL AIRCRAFT AS AN ACTIVE TRADE OR BUSINESS

Aircraft Income Tax, Passive Activity & Hobby Loss

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.