“Riding a Bike to Business Meeting”
I often hear the comments that you can’t write off an aircraft because you can always fly Southwest for $99 one way.
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Do you PNE?
For many years, taxpayers could “pay” for their personal entertainment use of the aircraft, or utilize SIFL income, and deduct 100% of aircraft depreciation and expenses.
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Tax Basis and Financing
When you are borrowing money to finance the purchase of an aircraft, tax basis may be an important topic as it relates to how the loan should be structured and titled.
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State Sales Tax, Use Tax, Property Tax, Registration Fees
State taxes…what you need to know
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