Federal Income Tax Treatment of Personal Use of Aircraft

December 11, 2018

On Tuesday, December 11, 2018, GKG Law's Keith Swirsky led a detailed webinar on the topic “Federal Income Tax Treatment of Personal Use of Aircraft." The webinar provided 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.

Full audio of the webinar can be accessed here: https://register.gotowebinar.com/recording/4163635425515311873.

Related Practice Areas

Aircraft Acquisitions and Dispositions
Business Aviation
Federal Income Tax and Excise Tax Planning
IRS and State Tax Audits
Regulatory Compliance Including FAA, DOT and SEC Planning
State Sales and Use Tax Planning