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View Full Version : Re: Airplanes and Tax--anyone have specific experience


epsalant
July 30th 03, 03:23 PM
The plane is hangared in NJ, I'm a NY resident.

Evan

Ron Rosenfeld > wrote in message >...
> On 28 Jul 2003 05:43:09 -0700, (epsalant) wrote:
>
> >I am thinking about buying a new plane and using it for business. I
> >have been advised to use advocate tax (www.advocatetax.com) a group of
> >CPAs serving the aviation community and am wondering if anyone who has
> >used them can give some feedback as to how good a job they did or did
> >not do. Are they worth their fees? Any other feedback? Anyone get
> >audited using their services? Did they help?
> >
> >Thanks.
>
> They *may* be more knowledgeable -- I have no direct experience. But when
> I was leasing my aircraft to my business, I found my regular CPA to be
> knowledgeable about the issues, and I was never audited on that (or any
> other issues).
>
> Where are you located?
>
>
> Ron (EPM) (N5843Q, Mooney M20E) (CP, ASEL, ASES, IA)

Mike Rapoport
July 30th 03, 06:32 PM
I don't know about this group but AOPA has a tax guide that may be of
interest to you.

Mike
MU-2


"epsalant" > wrote in message
om...
> I am thinking about buying a new plane and using it for business. I
> have been advised to use advocate tax (www.advocatetax.com) a group of
> CPAs serving the aviation community and am wondering if anyone who has
> used them can give some feedback as to how good a job they did or did
> not do. Are they worth their fees? Any other feedback? Anyone get
> audited using their services? Did they help?
>
> Thanks.

Ron Rosenfeld
July 30th 03, 09:02 PM
On 30 Jul 2003 07:23:37 -0700, (epsalant) wrote:

>The plane is hangared in NJ, I'm a NY resident.
>
>Evan
>
Well, my accountant is in Massachusetts (Boston). You should be able to
find someone knowledgeable closer.


Ron (EPM) (N5843Q, Mooney M20E) (CP, ASEL, ASES, IA)

Rosspilot
July 31st 03, 12:18 AM
>>The plane is hangared in NJ, I'm a NY resident.

Exactly my situation, too . . . (except I can't afford a hangar) <G>

My plane is owned by a New Jersey S Corp (I own all the stock) and my business
(a New York sole proprietorship) leases the plane from my Corp. I have an
excellent accountant, and he seems to work things out to my best advantage.


www.Rosspilot.com

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