Aircraft ownership is rife with tax issues, and together with depreciation, presents an opportunity to be useful or cause great consternation.
Taxes and depreciation
100% Bonus Depreciation Is Permanent: What It Really Means for Your Airplane
Every hangar has one. The fellow who leans on your wing and explains aircraft bonus depreciation like he invented it: “Just buy it through the business, the government pays for half of it.” He usually says this with the confidence of a man who has never been audited. He’s not Read more