General Aviation & IRS...

I've started thinking ahead what could happen tax wise buying and flying a used or new plane. It is fairly complex, but there are some healthy tax benefits for business usage. Not certain your ordinary CPA can handle everything aviation specific. I know the IRS has a special team that just does aviation work. There are several aviation tax consulting businesses out there that seem to range from about $1,500-3,000 a year for a single piston. That seems like a lot, but I think completely worth it to keep in good with the IRS.

Here are some of the aviation tax consulting businesses I found…

http://www.aviationtaxconsultants.com/

http://www.advocatetax.com/

http://www.heartlandavtax.com/

Let me know your thoughts related to a single piston using part business and the financial considerations.

Thanks,
rob