Jet Talk

Piling on Taxes
Kent S. Jackson | November 5, 2007

A few seasons ago, Congress and the press gang-tackled the general aviation community with the Anti-Sutherland legislation.  Now the states and airlines seem to want to join in the fun, trying to tackle general aviation on a number of state tax issues. Click here to download full article.

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Computing Disallowed Deductions
Kent S. Jackson | September 5, 2007

The regulations governing entertainment flights provide a mixed bag of options.  Until the IRS adopts final regulations. taxpayers can rely on any of three different sets of rules to calculate disallowed deductions : the old rules, IRS Notice 2005-45 and the proposed regulations. Click here to download full article.

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Entertainment Flights
Kent S. Jackson | August 5, 2007

On June 14, 2007 the IRS issued proposed regulations that supersede IRS Notice 2005-45.  The most important change in the proposed regulations relates to the computation of deductions allocable to entertainment flights. Click here to download full article.

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Have Spouse will Travel
Kent S. Jackson | June 5, 2007

Spouse business travel can have a positive impact on the company and, if properly documented, very little negative tax impact. Click here to download full article.

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Hanging Onto Deductions
Kent S. Jackson | May 5, 2007

Using the like-kind exchange may keep deductions in place. Click here to download full article.

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Dynamic Depreciation
Kent S. Jackson | April 5, 2007

The tax laws allow an aircraft owner to claim generous depreciation deductions on business aircraft.  Slower depreciation can maximize deductions. Click here to download full article.

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