admin, Author at GKG Law

Federal Income Tax Treatment of Personal Use of Aircraft – – Update on Final Regulations

Posted on June 11, 2013July 8, 2013 by admin

Troy Rolf provides 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. The webinar includes an update regarding the recently issued final regulations governing deductions limitations due to personal entertainment use of business aircraft.

Federal Income Tax Treatment of Personal Use of Aircraft – Update on Final Regulations

Aircraft Transactions: Tax-Free Like-Kind Exchanges of Aircraft (Part 2)

Posted on May 1, 2013October 30, 2013 by admin

Attorney Chris Younger continues his explanation of IRS procedures related to deferring capital gains taxes when a company replaces an existing business aircraft with a similar piece of equipment.

Aircraft Transactions: Tax-Free Like-Kind Exchanges of Aircraft (Part 2)

Surface Transportation Board Update

Posted on April 26, 2013October 30, 2013 by admin

Surface Transportation Board Update

Defending a Federal (IRS) Income Tax or Excise Tax Audit or a State Sales and Use Tax Audit

Posted on April 16, 2013June 26, 2013 by admin

Defending a Federal (IRS) Income Tax

Is Your Association Compliant With The FLSA?

Posted on April 12, 2013June 26, 2013 by admin

FLSA Article

Aircraft Transactions – Tax-Free Like-Kind Exchanges of Aircraft (Part 1)

Posted on April 1, 2013June 26, 2013 by admin

U.S. Tax Code allows for the disposal of an asset, such as a business aircraft, and the acquisition of its replacement without generating a current tax liability associated with capital gains from selling the first asset. Attorney Chris Younger summarizes the procedures as they apply in practice to Business Aviation.

Aircraft Transactions – Tax-Free Like-Kind Exchanges of Aircraft (Part 1)

Depreciation of Business Aircraft: The Issues Board Members Should Consider

Posted on March 1, 2013June 26, 2013 by admin

When and how a corporation depreciates an asset has a signifnificant impact on whether to purchase, lease or charter business aircraft, notes Chris Younger.

Depreciation of Business Aircraft: The Issues Board Members Should Consider

Contractor Collaboration – What Antitrust Boundaries Separate Legal Joint Ventures from Illegal Bid Rigging

Posted on February 26, 2013June 26, 2013 by admin

TAUC and GKG Law, P.C. presented a free contractor collaboration webinar designed specifically for industrial and commercial union contractors interested in better understanding joint ventures, and antitrust compliance.

Anytime two contractors get together to discuss a joint venture or submit a joint bid on a project, they need to be aware of the potential civil and criminal antitrust consequences of their actions. If you don't believe that contractors have antitrust liability, ask the Iowa ready mix contractor who was recently sentenced to five years in jail for bid rigging! Last year, the Antitrust Division of the Department of Justice set a record for antitrust fines collected and corporate executives jailed.

In this exclusive webinar, TAUC General Counsel Steve Fellman of GKG Law, P.C., a recognized antitrust expert, will walk contractors though the in's and out's of forming joint ventures and working together on major projects without being exposed to the risks of bid-rigging charges.

Contractors need to know when they can safely and legally participate in a joint venture, and when such participation could have major antitrust consequences.

TAUC Contractor Collaboration