The most frequently asked questions lately revolve around the return of 100% bonus depreciation and “timing” the purchase of a business aircraft based on pending tax legislations. For companies that utilize a corporate aircraft for business travels in order to improve productivity and provide better work life balance for key employees – I believe delaying…
Place Order by December 31, 2024 Bonus depreciation is scheduled to phase down to forty percent on January 1, 2025. However, if certain conditions are met, the tax code allows 60% bonus depreciation to be taken on 2025 aircraft deliveries. With income tax rates expected to increase, you should consider placing an aircraft order by…
With 100% or 80% bonus depreciation in effect since 2017, mid-quarter convention has not been a relevant topic for tax planning discussions. With bonus depreciation for 2024 acquisition at 60%, it’s a good time to revisit this tax provision that can result in a loss of income tax deductions in 2024. Modified Accelerated Cost Recovery System…
We are happy to announce the first recipient of the EAA Aviation Tax Consultants Fred McCarter Scholarship! Originally from Los Angeles, California, Landon Abrar is a devoted first-year San Jose State University student pursuing a degree in Aviation Management. Upon arriving at college, he dedicated himself to getting involved in the aviation community at SKSU and…
Having been involved in the general aviation industry for over two decades, I have always recognized the positive contribution our industry provides to society. Whether it is natural disasters, transporting veterans and ordinary folks needing medical treatments, or pets that need rescued or relocated, pilots and aircraft owners, fixed base operators, and numerous other stakeholders in…
ATC has been the exclusive aviation tax sponsor and partner of US Aircraft Expo since its inception. In 2024, there will be 8 Expos held across the country, from Portland to Manassas to Scottsdale. In addition to seeing new aircraft on display, you will be able to discuss financing, insurance and tax considerations for your…
My response is a resounding no – why subject your passengers to additional tax payments to the US Treasury when alternatives can be implemented.
The Tax Cuts and Jobs Act (TCJA) enabled 100% bonus depreciation for eligible property purchased and placed in service after September 27, 2017 and before January 1, 2023.
Capitals gains or ordinary income?
Amidst a vibrant merger and acquisition landscape, many clients have approached ATC in recent months to discuss aircraft tax planning strategies relating to the sale of their companies.
