The Best Use Tax Exemption in the Country
Yes – California Interstate Commerce Exemption is one of the best exemptions for business aircraft.
First Time Business Aircraft Buyer
Private Aviation Takes the Limelight
CARES Act – NOLCB update
Can you finance your aircraft acquisition?
Fly Away Exemption Explained
“Fly away exemption” is a phrase frequently used by aircraft sales professionals, aircraft owners and tax advisors. How does it actually work?
Monitor Business Use of Aircraft in 2020
Business use necessary to avoid immediate depreciation recapture
Texas Business Personal Property Tax Filing Deadline
Due date to submit rendition is April 15, 2020
“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.
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.
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.
State Sales Tax, Use Tax, Property Tax, Registration Fees
State taxes…what you need to know