Federal Income Tax Treatment of Personal Use of AircraftDecember 11, 2018 By: 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. |
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