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Airplanes and Tax--anyone have specific experience
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) |
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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. |
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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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