Federal Income Tax Treatment of Personal Use of Aircraft

November 19, 2019

On Tuesday, November 19, 2019 at 1:00 pm ET, GKG Law's Keith Swirsky and Ryan Swirsky led a detailed webinar on the "Federal Income Tax Treatment of Personal Use of Aircraft."  This 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.

A full audio recording of the webinar can be accessed here. 

Federal Income Tax Treatment of Personal Use of Aircraft (PDF)