by David Gordon | Jan 2, 2025 | Federal Tax
As year-end approaches, now’s the time to review your 2024 aircraft records. In doing so, you’ll ensure proper tax reporting of your aircraft activity. The rules for deducting aircraft expenses are very specific and require detailed records and documentation. But this... by David Gordon | Nov 20, 2024 | Legislation & Industry News
The Presidential election results are in. Now we can predict how a second Trump term will impact aircraft taxes. Looking back at 2024, the general environment has been anti-aircraft owner. For example, earlier this year, the President released a statement to “crack... by David Gordon | Oct 1, 2024 | Federal Tax
As we approach the end of the year, we continue to receive a lot of questions on aircraft bonus depreciation. With the current law, many aircraft will qualify for up to 60% bonus depreciation in 2023, and some will even qualify for 80%. As with most tax law, there are...
