2020. 2. 14. 19:35ㆍ카테고리 없음
Wolcott, A how-to guide to understanding the IRS rules and tax return reporting of SIFL (Standard Industry Fare Levels), fair-market charter-rate, and primary-purpose reporting for the employee and guest non-business use of company aircraft. Chapters discuss such elements as the 50% seating capacity rule, and SIFL rules for international flights in excess of seven days. The entertainment cost disallowance chapters include the formulas for computing the disallowance on company aircraft, discusses strategies for reducing the disallowance, and IRS record keeping requirements.Price: $128.00.
What is the NBAA small aircraft exemption? Advocate Consulting Legal Group, PLLC Toll Free: 888-325-1942 inquiries@advocatetax.comFAA regulations allow certain types of flying for compensation to be conducted only on qualifying aircraft, i.e. Fractional aircraft, multi-engine jets, and aircraft larger than 12,500 pounds gross takeoff weight. However, the National Business Aircraft Association small aircraft exemption provides a way for otherwise ineligible aircraft to also engage in these operations. The exemption is temporary, but the FAA has routinely reauthorized it each year. To use the exemption, one must join the NBAA, notify the FAA of the operations to be conducted, including providing applicable written agreements, make a log book entry regarding the operations, receive FAA approval of the aircraft maintenance program, and confine the operations to within the United States.
Nbaa Personal Use Of Business Aircraft Handbook Colvin And Associates
By complying with these minor requirements, owners of small aircraft can take advantage of operations normally restricted to larger ones.