“Protect Aircraft-Leasing Tax Deductionsfrom the IRS Hobby Loss Rule” To get my complete articlewith all the details… Not everyone can reach into their pocket and pull out enough cash to pay for an airplane. That’s why you should consider paying for your plane through a leasing arrangement. When you go the leasing route, you can: Defray the costs of … [Read more...]
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Avoid Tax Pitfalls of Aircraft Ownership through an S Corporation
“Avoid Tax Pitfalls of Aircraft Ownershipthrough an S Corporation” To get my complete articlewith all the details… Are you thinking of buying an aircraft through your S corporation? Well, before you start climbing up, up and away, be aware of three dangerous storms that may be right in front of you. Check them out and you’ll navigate those pitfalls … [Read more...]
How To Deduct Travel by Car, Train, Plane, or Boat
“How To Deduct Travel by Car,Train, Plane, or Boat” To get my complete, FREE articlewith all the details… If you travel for business purposes, my new article is for you. You see, I’ll explain the complex rules that govern tax deductions for business travel by car, train, plane, or boat. EXAMPLE: Say you are going to travel … [Read more...]
New Rules Reveal Six Ways to Lower Taxes on Your Personal Use of Your Corporation’s Airplane
If your C or S corporation owns or leases an airplane, or if you own a plane yourself and use it for business, my new article makes must reading. Why? Because the IRS’s final regulations have just been issued and they can have a most beneficial impact on the airplane tax deductions. You’ll find more than a half-dozen strategies you can use to slash your taxes and keep … [Read more...]
Get a bonus depreciation on your trade in
Let’s start with a definition: Your trade-in of a business vehicle or airplane on a like-kind business vehicle or plane is called a “Section 1031 exchange.” The good news is that you don’t pay taxes on a 1031 exchange (unless you receive cash or a reduction in debt). But that’s not all. By using some proven tax strategies, you can make the 1031 exchange even better! Want to … [Read more...]