State Tax Exemptions: Tips for Aircraft Owners
Discover how savvy aircraft owners use state tax exemptions to avoid costly pitfalls—Angel Houck breaks down fly-away, resale, and full exemptions to optimize savings. Learn why strategic planning and expert guidance are critical to navigating complex tax laws and maximizing financial benefits.
How to Document Business Flights for Tax Deductions
Want to keep IRS audits at bay? Properly documenting business flights is key to securing tax deductions and staying compliant. Aviation CPA Angel Houck shares expert tips and best practices to ensure your records are audit-proof and hassle-free.
Aircraft State Taxes: What Every Aircraft Owner Needs to Know
State taxes on aircraft ownership can be complex, with sales, use, and property tax obligations varying by jurisdiction. Angel Houck explains key considerations to help owners stay compliant and avoid costly audits.
Multi-owner Aircraft Structures: Tax and Ownership Insights
Sharing aircraft ownership can cut costs, but tax treatment varies based on structure. Learn how multi-owner aircraft structures impact FAA compliance and tax planning.
Aircraft Owners: Ready For Year-End Tax Reporting?
Angel Houck, CPA, explains how to navigate year-end tax reporting for private jet owners. Learn essential tips on recordkeeping, IRS compliance and audit prep.
How Might the 2024 Election Impact Aircraft Taxes?
How will the 2024 election impact aircraft taxes? Angel Houck, CPA, shares how a second Trump term could benefit owners in terms of decreased IRS audits, increased bonus depreciation, lower SIFL rates, like-kind exchanges and more.
Maximizing Aircraft Bonus Depreciation Before Year-End
Learn the key requirements and planning tips for maximizing aircraft bonus depreciation before year-end, and avoid unexpected tax surprises. Changes to bonus depreciation rates are on the horizon, so careful planning is crucial.