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Upcoming GKG Law Business Aviation Group Webinars
Unique Issues In Aircraft Purchase & Sale Transactions Involving a Non-U.S. Party/Tax-Free Aircraft Exchanges under Code Section The webinar will consist of two parts: Part 1 will provide an overview of issues that are unique to aircraft and sale transactions in which one of the parties is a foreign (non-U.S.) individual/entity and/or in which the aircraft is being imported to or exported from the United States; Part 2 will provide a detailed review of the rules applicable to conducting forward and reverse tax-free exchanges of aircraft.
This webinar will provide an overview of Federal tax issues that arise due to personal use of business aircraft including income inclusion rules, excise tax implications of cost reimbursements, effect of personal use on operating expense and depreciation deductions and common strategies to minimize negative tax consequences to an aircraft owner or passenger arising from personal use of a business aircraft.
Key Issues To Consider Concerning Use of an Aircraft Management Company/Federal Excise Tax Update The webinar will consist of two parts: Part 1 will provide an overview of Federal income tax, Federal excise tax, state sales tax and FAA issues that an aircraft owner should consider when determining whether to engage an aircraft management company to manage its aircraft; Part 2 will consist of an update regarding Federal excise tax issues relevant to business aircraft owners.
For a schedule of the of monthly articles and seminars in this Educational Series please click here
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