Category: Blog Post

The IRS requires heightened substantiation for aircraft expenses. Inadequate records can result in denied deductions and depreciation recapture. Aircraft ownership offers significant tax benefits, but the IRS subjects these deductions to heightened scrutiny and documentation requirements. Inadequate records can result in denied deductions, recaptured depreciation,...

Accurate documentation of your aircraft's use is crucial; inconsistencies can raise red flags and trigger audits. Keep detailed flight logs and verify exemption eligibility to minimize your audit risk in Florida. Florida is a hub for private and general aviation and a hotspot for aircraft...

For Florida aircraft owners, maintaining meticulous flight logs and detailed records is essential for substantiating deductions. Without proper documentation separating business and personal use, you risk losing legitimate tax benefits during an audit. Stay organized to protect your investment and maximize your deductions. Business aircraft...

Aircraft Depreciation Strategies in Florida: Section 179, Bonus Depreciation & Tax Planning Florida-based business aircraft owners can take advantage of powerful federal tax incentives like Section 179 and bonus depreciation to significantly reduce their tax liability. However, these benefits come with strict usage requirements, evolving IRS rules, and...

Owning a private aircraft offers unmatched flexibility and convenience—but it also comes with complex tax rules. One of the most misunderstood is the personal use disallowance. At AVTax Advisors, PLLC, we help Florida-based aircraft owners understand how this rule works, how to stay compliant, and how to avoid costly IRS disputes.

For many high-net-worth individuals in Florida, owning an aircraft outright can feel like overkill—especially if flight hours are modest. Aircraft co-ownership offers a practical and cost-effective way to enjoy the benefits of private aviation while sharing expenses with other owners. But without careful planning, shared ownership can lead to legal disputes, unexpected...

Private aircraft are among the most valued executive benefits, offering convenience, security, and time efficiency. However, when public companies provide personal aircraft use to executives, the Securities and Exchange Commission (SEC) views this benefit as a reportable perquisite, subject to strict disclosure and valuation rules. For high-net-worth executives...

When high-net-worth individuals invest in private aircraft, flexibility and tax efficiency are often top priorities. Two popular options for shared aircraft usage—dry leases and time share agreements—offer distinct benefits but also come with unique legal and tax implications. Misunderstanding the differences can lead to FAA compliance violations or costly tax audits....

For high-net-worth individuals considering the purchase of a private aircraft, the benefits of ownership—convenience, privacy, time savings—are clear. But the way you structure your ownership can significantly impact your tax exposure and legal liability. At AVTax Advisors, PLLC, we help clients throughout Florida navigate the complex intersection of aviation and tax...

Buying an aircraft can open up new levels of flexibility and convenience. But it can also bring significant tax consequences if you’re not careful. Sales and use taxes vary by state, and depending on where and how you buy, you could face a hefty bill or avoid it entirely. Fortunately, some states,...