IRS Circular 230 Notice: Pursuant to Sections 10.35(b)(4) and (5) of IRS Circular 230 (31 CFR Part 10), if and to the extent that this communication (including any attachments, blog posts, or comments) contains any tax information, we advise you that such tax information is not intended to be used, and cannot be used, by you for the purpose of avoiding any U.S. tax and/or penalties that may be imposed on you, or for the purpose of promoting, marketing or recommending to another party any transaction or matter addressed herein. Nor can any blog post be relied upon as tax advice for the viewer. This blog is intended to provide information on key topics in the accounting industry for discussion purposes and AeroCPA encourages you to discuss specific questions and issues with your tax advisor and/or legal counsel.

The Tax Cuts and Jobs Act of 2017, "The Tax Bill", has many provisions that will affect the aviation community. This post touches on a few.

Clients are asking, "If I buy a new aircraft does it qualify for 100% bonus depreciation?" Explore some basic rules regarding bonus depreciation and recapture.

October 19, 2017

In today's age we have a laundry list of rules and regulations that need to be considered when accounting for private aircraft operations.

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Julianne Christensen is a CPA and the managing member of AeroCPA, LLC. She was introduced to aviation rules and regulations as the CFO of a Part 135 charter operation. After helping that operation branch out into aircraft management under both FAR Part 91 and Part 135, she expanded her practice and created AeroCPA, LLC in order to help other companies navigate the accounting rules and regulations as they pertain to private aircraft operations. Prior to specializing in aviation, Julianne started her career with a strong foundation as a CPA in  public practice with a focus on federal and state income tax for various industries including oil and gas, equipment operating & leasing, real estate and many others. See the "about" section of this blog for more information on AeroCPA, LLC.

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Tax Cuts and Jobs Act of 2017 Provides Many Benefits for Aircraft Owners

January 5, 2018

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