This webinar consisted of two parts: (i) Part 1 will provide a detailed overview of the process of preparing for, participating in, and defending a federal income/excise tax audit and a state sales and use tax audit of an aircraft owner or operator. The webinar will include a discussion of the process and procedure utilized […]
The agenda features highly regarded speakers that are experts in aviation finance, aircraft utilization options, regulatory topics, and tax planning and risk management. With business aviation having a global footprint, the conference also provides strategies for evaluating aircraft registry options and managing complex international tax issues. Integrating Like-Kind Exchanges into an Aircraft Transaction
This webinar will provide an overview of (i) options available in connection with allowing affiliated persons and unaffiliated third parties to utilize a business aircraft including Part 135 aircraft charter, aircraft time sharing and interchange arrangements under Part 91.501, and aircraft dry leases under FAR Part 91, with a discussion of specific income tax, excise […]
There is a little-known section of the Code that excludes almost all revenue from the definition of "gross income." Moreover, if the revenue of an exempt organization qualifies for exclusion under this provision, the organization can be exemt from filing annual Forms 990. The exclusion provided by this rarely used Code section covers a much […]
SOLAS Container Weight Verification Requirements
Bonus Depreciation Update/Tax-Free Aircraft Exchanges under Code Section 1031
Military IDS
Attorney Troy Rolf continues his treatment of depreciation methods and requirements for business aircraft with a discussion on mixed business use. Business Aircraft Federal Tax Depreciation Basics (Part 2)
Federal Income Tax Treatment of Personal Use of Aircraft
Attorney Troy Rolf dissects the details of depreciation and describes how this accounting principle can benefit owners of business aircraft. “Certain uses of an aircraft by a business entity that arguably may be considered qualified business uses nevertheless will not qualify under certain circumstances.” Business Aircraft Federal Tax Depreciation Basics (Part 1)