Aircraft Tax Planning - Avoiding the tax and regulatory pitfalls in unintended "commercial" operations


Private jet owners are commonly confronted with very particular rules concerning "commercial" versus general aviation. This guide provides guidance, with specific examples from the IRS and court cases, as to what types of flights could subject the aircraft owner to tax or regulatory exposure. The consequences include being liable for excise tax on transportation for hire, and FAA violations inherent in "flight department" style companies. This guide provides some simple, straightforward tips for flying (and billing) that will help avoid these types of situations.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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