Accounting & Tax Services/Advisory Services

Formulate aircraft usage documentation and aircraft business integration procedures.Identify potential IRS, state, and local tax audit points.Research relevant U.S. Tax Court cases, Revenue Rulings, Internal Revenue Code sections and regulations, sales tax and property tax issues, rulings annotations, and pronouncements.Assist attorney in drafting corporate minutes, other documents and contracts, as appropriate. Assist tax preparer with tax return preparation / presentation issues, IRS audits, etc. Develop aircraft business usage template/spreadsheet. Aircraft depreciation schedules based upon “as delivered” price. (Depreciation is calculated for Part 91 and Part 135 operations, regular and alternative minimum tax and for financial statement purposes). Calculation of aircraft business usage factors, imputed SIFL usage factors, flight log analysis, etc. Tax deferred exchange – trade-in analysis, where appropriate. Calculation of depreciation basis.