Taxpayers that use an aircraft in their business operations are allowed deductions for business and compensatory use of the aircraft. The IRS guidance can be difficult to navigate, but if properly applied, the tax benefits can be substantial. Working closely with our aviation tax consultants and your trusted advisors, we can help maximize the tax benefits of your operations and substantiate the deductions for income tax reporting.
As an aircraft owner, you deserve custom solutions for aviation tax services that are designed to maximize your tax benefits. Our co-sourcing approach allows you to customize the level of aviation tax services required to meet your organization's needs. We recognize that some individuals and businesses seek to co-source all aviation-specific calculations, while others prefer to have a limited scope review or a simple consultation. Our model is flexible and customizable to meet your unique needs.
We welcome the opportunity to work with you to maximize the tax benefits, maintain compliance and reduce audit risk.
Federal income tax planning
Fringe benefits/SIFL calculations
IRC 274 entertainment use disallowance calculations
Bonus depreciation and MACRS eligibility analysis
Federal excise tax ("FET") reporting and compliance
Transactional tax planning: acquisitions, distributions, or dispositions
Entity structuring & evaluation
IRS Audit assistance
State and local income tax planning
Sales & use tax planning and filing assistance
State Audit assistance
Cash flow forecasts
Operating cost analysis
SEC and proxy reporting disclosures
On-site or online education presentations
Expert witness testimony