Webinar
Tax Issues for Airplane Purchases Under Current Tax Law
August 20, 2020
On August 20, GKG Law Principal Troy Rolf participated in a Strafford CLE/CPE webinar entitled "Tax Issues for Airplane Purchases: Planning Strategies, Tax Reform Changes, Federal Excise Tax, State Taxes."
The purchase and ownership of business aircraft comes with significant federal, state and local tax implications, but can also offer opportunities for optimum tax benefits with careful planning. During the program, Troy discussed the tax considerations of owning an airplane and critical issues stemming from tax reform changes. He provided strategies for minimizing upfront state and excise taxes and ongoing concerns, including imputing personal use and avoiding classification as a hobby loss.
Complete details and a recording of the webinar can be found here.