NBAA Quotes GKG Law's Keith Swirsky in "Year-End Tax Planning Critical to Bonus Depreciation Eligibility"
December 14, 2018
NBAA
As 2018 comes to a close, it’s a good time to review recent tax changes that can provide significant planning opportunities for business aircraft owners and operators.
Passage of the Tax Cuts and Jobs Act in late 2017 brought about a number of changes, including 100 percent bonus depreciation on new and used qualifying property acquired and placed in service after Sept. 27, 2017.
“We are receiving a lot of calls to resolve questions before the end of the year,” said Keith Swirsky, President of GKG Law, P.C. and a member of NBAA’s Tax Committee. “To ensure you are eligible for the bonus depreciation allowance, you must be sure to comply with numerous Internal Revenue Code sections.”
Read the full NBAA article here.