High Net Worth Estate Planning Series

Taxation of Aircraft

Mary Vandenack, asset protection, estate planning, business services

Mary Vandenack
On today’s episode, Mary is interviewed by Cheri Duryea, President of Duryea Strategic Marketing, about her experience with Taxation of Aircraft.

August 9, 2022
Are you thinking of buying a plane or do you already own one?  If so, you should listen to today’s podcast to learn all the tax issues that are associated with aircraft.  Our host, Mary Vandenack, CEO, Founder and Managing Partner at Vandenack Weaver Truhlsen walks us through some of the questions regarding taxation of aircraft.  How does the Tax Cut and Jobs Act impact ownership? Does the plane have to be used for business purpose?  What is a 50% test?  Does ownership structure matter?  What should you consider before buying a plane?  These questions and others are answered by our host so you can avoid any surprises come tax time.