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You are here: Home / Archives for #tax

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)  »

Filed Under: Aircraft Deductions, Aircraft Income Tax, Aircraft Income Tax Tips, Front Page, LowerMiddle, Tax Planning Tagged With: #aviation, #covid-19, #tax

A Powerful Aircraft Purchase Incentive in the CARES Act

By: Suzanne Meiners-Levy

Understanding the Value of Equipment Expensing and Carryback Net Operating Losses

In uncertain times, businesses and individuals often delay large purchases and investments they had long anticipated, and that will ultimately serve the long-term interest of the company, for fear of uncertain outcomes or with a mistaken belief that it is not the right time. In our practice, where we interact with over 1,500 general aviation owners and operators on an on-going basis,

 » Read more about: A Powerful Aircraft Purchase Incentive in the CARES Act  »

Filed Under: Aircraft Deductions, Aircraft Income Tax, LowerLeft, Tax Planning Tagged With: #CARESact, #depreciation, #tax

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 impose annual personal property tax and/or registration tax on planes.

I often hear, “I took delivery in Oregon,

 » Read more about: Overlooked & Misunderstood – The Basics of State Aircraft Taxes  »

Filed Under: Aircraft Operations & Law, Aircraft Operations & Law Tax Tips, Aircraft State and Local Tax, Aircraft State and Local Tax Tips, LowerLeft, Sales & Use Taxes, Tax Planning Tagged With: #salestax, #tax, aviation

Five TCJA Tips for Year-End Closings in 2019

As we approach the last quarter of 2019, market indicators support the possibility of a very strong year-end in aircraft transactions. If you have not purchased or sold an aircraft since the passage of the Tax Cuts and Jobs Act (TCJA) of late 2017, a review of how changes in the tax law may impact transactions for the balance of the year is in order. Similarly, if you are contemplating selling your aircraft, upgrading, bringing in a partner,

 » Read more about: Five TCJA Tips for Year-End Closings in 2019  »

Filed Under: Aircraft Deductions, Aircraft Income Tax, Aircraft Income Tax Tips, Aircraft Operations & Law, Aircraft Operations & Law Tax Tips, LowerLeft, Tax Planning Tagged With: #businessflying, #tax

Business Flying and Taxes: What is Business Activity?

Bankruptcy Court Affirms a Taxpayer’s Ability to Take General Aviation Deductions for Aircraft that Supports Another Business

General aviation owners and operators are well acquainted with the ability of aircraft to build, support, and grow business operations of all sorts. The clients of our firm conduct myriad business operations ranging from farming to consulting, oil and gas to software, entertainment to medicine. They are as diverse as the economy itself. Meeting travel needs and allowing flexibility are essential roles for general aviation aircraft,

 » Read more about: Business Flying and Taxes: What is Business Activity?  »

Filed Under: Aircraft Income Tax, Aircraft Operations & Law, Aircraft Operations & Law Tax Tips, Tax Planning, Uncategorized Tagged With: #businessflying, #tax, aviation

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.