The AvTax Advisors Webinar Series: “Aircraft Personal Use: Tax Consequences and Planning Opportunities to Minimize Disallowance.” Presented by Letisha D. Sailor on March 4, 2026, at 3:00 pm ET.
Aircraft Personal Use: Tax Consequences and Planning Opportunities to Minimize Disallowance. Personal use of a business aircraft generally has tax implications, including imputed income for the passenger(s) and a reduction in deductible aircraft-related expenses. We will discuss the types of personal use and resulting tax consequences, methods for computing entertainment disallowance, computing and reporting fringe benefit income, and methods to minimize or avoid the tax consequences of personal use. Discussion topics:
- Distinguishing the types of personal use
- Code § 274 methods for computing entertainment disallowance
- Code § 274 personal commuting disallowance and exceptions to disallowance
- Standard Industry Fare Level formula for computing imputed income
- Methods to avoid or minimize disallowance and imputed income