Unintended Consequences of CAPPS II

"Dennis O'Connor" wrote in message
...
| Don't wander off in the weeds Hank... I have run my own businesses all my
| life, and my accountant can cite chapter and verse of tax court rulings,
and
| yes I expense my airplane for those trips that are business... If you are
| disguising vacation, personal, and fun travel, as a business expense -
| regardless of the mode of transport airplane/boat/car/train/oxcart - it
will
| be denied when discovered, and rightly so...
|

Exactly. As long as you are really using the airplane for business travel,
it is deductible. Start turning that business trip into a vacation by
visiting friends and relatives, taking non-employees along, visiting
resorts, etc., then you start running afoul of the rules.

Travel by personal aircraft is accepted as ordinary and necessary. Travel
from New York to Chicago via Orlando is not.