Tax Issues for Airplane Purchases: Planning Strategies, Complexities Under Current Tax Law
A live 90-minute premium CLE/CPE video webinar with interactive Q&A
This CLE/CPE course will outline guidance to tax attorneys and advisers on the applicable tax rules and key considerations for business aircraft purchases and ownership. The panel will discuss available planning options for purchases and ownership, reduced or eliminated tax deductions, and opportunities for tax savings, federal air transportation, and fuel excise taxes.
Outline
- Tax treatment of aircraft ownership under current tax law
- Key planning techniques to maximize tax benefits
- Application of the federal fuel and air transportation excise taxes
Benefits
The panel will review these and other key issues:
- What are the key considerations in structuring an aircraft purchase?
- What are the most effective methods for calculating travel, meals, and entertainment deductions?
- What are the hobby loss rules and traps to avoid?
Faculty
Frank P. Beninato, III, Esq, LL.M, CPA
Attorney
Lapayowker Jet Counsel
Mr. Beninato, III represents C-suite executives, high net worth individuals, and other aviation industry... | Read More
Mr. Beninato, III represents C-suite executives, high net worth individuals, and other aviation industry businesses in negotiating, structuring, and closing tax efficient and FAA compliant acquisitions, leases, and dispositions of large long-range business aircraft and helicopters, as well as advising clients on developing aircraft ownership and operating structure alternatives to ensure compliance with FAA regulations, maximize ownership/operating deductions, and minimize likelihood of future audits. He is an active committee member of the NBAA Regulatory Issues Advisory Group.
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Stewart H. Lapayowker, Esq.
Attorney
Lapayowker Jet Counsel
Mr. Lapayowker devotes his law practice to corporate aircraft transactions. He counsels corporate and... | Read More
Mr. Lapayowker devotes his law practice to corporate aircraft transactions. He counsels corporate and individual clients, foreign and domestic, on issues relating to the acquisition, leasing, registration and financing of new and pre-owned jet aircraft (including fractional aircraft). Mr. Lapayowker counsels on a wide variety of aviation matters, including implementing tax efficient structures, related FAA and DOT regulatory matters, regulatory evaluation of operations, aircraft management arrangements, personal use issues and compensation-related SEC issues in connection with the use of business aircraft by public companies. He has excellent working relationships with major aircraft manufacturers which facilitates his ability to get transactions accomplished efficiently.
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Cannot Attend August 5?
Early Discount (through 07/11/25)
You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.