May 11, 2020 "Fly away exemption" is a phrase frequently used by aircraft sales professionals, aircraft owners and ta...
by Daniel Cheung
April 19, 2020 If you have taken advantage of accelerataed tax depreciation in the past, it is critical that you continue to monitor your...
by Daniel Cheung, CPA
Ap...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law by the President. There is...
Texas does not impose a state income tax, but it assesses a sales and use tax on an aircraft and an annual local personal property tax on airc...
I often hear the comments that you can't write off an aircraft because you can always fly Southwest for $99 one way. The tax code, ho...
by Daniel Cheung CPA
ATC has been the exclusive tax sponsor and partner of US AIrcraft Expo since its inception. In 2020, there will be 10 expos held across the c...
by Lisa McCarter
For many years, taxpayers could "pay" for their personal entertainment use of the aircraft, or utilize SIFL in...
When you are borrowing money to finance the purchase of an aircraft, tax basis may be an important topic as it r...
Many states assess sales and use tax, registration fee, excise tax, property tax, etc. It's not uncommon to ow...
