Defending a Federal (IRS) Income Tax or Excise Tax Audit or a State Sales and Use Tax Audit
Defending a Federal (IRS) Income Tax or Excise Tax Audit or a State Sales and Use Tax Audit
Chartering your Company Aircraft: Have you considered the Tax Issues?
What should owners know about placing their business aircraft on a management company’s charter certificate? Keith Swirsky opens a three-part discussion series. Chartering your Company Aircraft: Have you considered the Tax Issues?
GKG Law Partner, Tom Wilcox, speaks at Argus Americas Crude Summit in Houston, Texas
On January 29, 2015, Tom Wilcox gave a presentation on railroad tank car regulations and key railroad regulatory and legislative issues affecting crude oil transportation at the Argus Americas Crude Summit held in Houston Texas. Argus Americas Crude Summit 2015
Bonus Depreciation Update / Tax-Free Aircraft Exchanges under Code Section 1031
The webinar will consist of two parts: (i) Part 1 will consist of an update regarding the availability of bonus depreciation and rules relating to the application of bonus depreciation in the context of an aircraft acquisition; (ii) Part 2 will provide a detailed review of the rules applicable to conducting forward and reverse tax-free […]
Defending Preference Actions in Bankruptcy
Recently one of our trade association clients learned that bankruptcies can be painful for creditors, sometime even years after the debtor files for bankruptcy. Our client only discovered that a judgment in excess of $86,000 had been entered against it as a result of a preference action (a suit by a debtor or its trustee […]
Federal Income Tax Treatment of Personal Use 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 […]
Options for Allowing Third Parties to Use Your Aircraft: Income Tax, Excise Tax and Sales Tax Considerations
Options for Allowing Third Parties to Use Your Aircraft
Documentation: A Necessity when Claiming Deductions
Careful implementation and thorough recordkeeping are essential when supporting tax deductions. A Necessity when Claiming Deductions
Court Dismisses Demurrage Claim Against NVOCC Identified as Agent on Bill of Lading
Court Dismisses Demurrage Claim Against NVOCC
Defending Demurrage Claims
Carriers have recently escalated their efforts to recover demurrage claims against shippers and non‐vessel operating common carriers (NVOCCs). This places NVOCCs in a very difficult position as often NVOCCs are not able to prevent such demurrage and detention charges from continuing to accrue. For example, if Customs officials in China, India or elsewhere hold cargo for extended […]