Aviation Tax Consultants (ATC) is proud to announce that KJ McCarter, CPA, has been selected as a recipient of the National Business Aviation Association’s (NBAA) 2026 Business Aviation Top 40 Under 40 Award. This prestigious recognition honors 40 emerging leaders who are making a meaningful impact on business aviation through professional achievement, leadership, innovation, and…
Some recent developments can affect aircraft owners and operators around the county. 1. Aircraft inquiry added to tax form by the Internal Revenue Service Beginning with the 2025 tax year, the IRS added a new question to Form 4562, Depreciation and Amortization. The revised tax form asks the direct question: Do you own, lease, or…
The Common Business Travel ChallengePicture this: You leave home on a Sunday afternoon, drive over an hour to a major airport, and arrive two hours early for your commercial flight. After a layover and a connecting flight, you finally reach your destination late Sunday evening, exhausted, for a two-hour business meeting on Monday at 11:00…
December 31, 2025 is the Last Day to Place a Business Aircraft in Service toCapture 100% Bonus Depreciation. On July 4, 2025, President Donald Trump signed into law comprehensive tax-and-spending legislation that the White House dubbed the “One Big Beautiful Bill,”reinstating 100% bonus depreciation for qualified business aircraft acquisitionsretroactive to January 20, 2025. 100% bonus…
For aircraft owners who took delivery in 2024 and claimed bonus depreciation, significant tax savings are already in motion. However, with 2025 currently offering 100% bonus depreciation, there’s an opportunity to further enhance those benefits by considering an upgrade. Selling an aircraft that was depreciated using bonus depreciation triggers depreciation recapture, which is taxed as…
Purchasing a business aircraft in 2025 can generate tremendous income tax savings. Congress recently passed legislation known informally as the “One Big Beautiful Bill” restoring full 100% bonus depreciation retroactive to January 20, 2025, as part of a broader tax reform agenda. Bonus depreciation is available to taxpayers meeting the requirements outlined in the Internal…
The President will sign the big beautiful tax bill on July 4th. 100% bonus depreciation is made permanent and retroactive for aircraft acquisitions on or after January 20, 2025. This is a permanent change to the tax code and there is no sunset or reduction of bonus depreciation in future years. There is another tax…
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…
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…
