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- 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.
- Personal vs. business use policy formulation.
- On site aircraft tax documentation and management reviews, prior to IRS examinations.
- Aircraft Document Storage Services. See - Aviation Document Storage LLC
- IRS, sales tax, property tax, excise tax audits. (Eligible to practice in all states.)
- Expert witness services, all states.
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