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 […]
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
Boards: When Duty Calls
Some aspects of Bonus Depreciation were retained in recent legislation to avoid the fiscal cliff, observes attorney Troy Rolf. Bonus Depreciation: Extended for Another Year
Group Buying Programs
While simply commuting between home and office is not considered a business expense, there are circumstances where travel between a place of residence and work locations can be deemed deductible, observes Troy Rolf. Knowing The Difference: Distinguishing Between Business Travel and Commuting.
Balancing Safety and the Rights of Disabled Employees
Association Information Exchanges An Antitrust Sensitive Activity
There have been (or possibly will be) several key changes to aviation-related tax laws in 2012, the effects of which will carry into 2013. Chris Younger summarizes a few of these changes. An Aviation Tax Recap: Moving Forward in Reverse
Your association may be compelled to provide confidential information to government agencies pursuant to a subpoena. How do you know that such information will not subsequently be disclosed to third parties and ultimately, the public at large, pursuant to a Freedom of Information Act (FOIA) request? While it may be impossible to guarantee that confidential information is […]