Aircraft Interchanges
One seemingly enticing opportunity for business jet owners presented by the Federal Aviation Regulations (FARs) is the interchange agreement. The rule
... Read NowWatch out for excise tax audits
Nobody likes a tax audit. Even Internal Revenue Service agents would probably rather go fishing.While no audit is fun, a transportation excise tax aud
... Read NowAircraft Finance 2009
The worldwide financial malaise that arose out of the subprime mortgage mess has finally infected business aviation. The industry initially appeared i
... Read NowIs your airplane a hobby?
What do a business jet and a stamp collection have in common? According to the Internal Revenue Service, both may be hobbies. If the IRS considers you
... Read NowBack-to-back transactions
A prominent aviation lawyer complained to me recently when his outraged client discovered he was being “back-to-backed.” The lawyer wasn’t pleased eit
... Read NowThe Demo Flight
You probably wouldn't dream of buying a car without test-driving it. Yet people sometimes purchase airplanes they have never flown in–or even seen. So
... Read NowCapitalize or expense?
Proposed IRS regulations would make it tougher to write off heavy maintenance costs when you incur them
... Read NowWhat jet buyers must know about taxes, laws and finance
Taking delivery of a business jet is exciting, but maintaining that excitement can be tough, given the daunting work that awaits. Putting aside practi
... Read NowBonus depreciation is back
Bonus depreciation was introduced in the so-called Job Creation and Worker Assistance Act of 2002 in response to the economic malaise following 9/11.
... Read NowAircraft Finance 2008
Uncertainty about aircraft values in the current market poses a major challenge for the companies that finance their purchase. For many new aircraft,
... Read Now
