Your goals guide our services. We combine tax planning with liability protection, FAA compliance and entity planning, to ensure that your aircraft acquisition structure is comprehensive, integrated, efficient and compatible with your business objectives.
As experts in nationwide sales, we excel in drafting and negotiating a broad range of documentation. This includes agreements for purchase and sale, financing and leases, management and charter, and other agreements relating to aircraft acquisition, ownership and operating structures.
We regularly advise on sales and use tax laws bearing on taxability of delivery locations and permanent hangaring bases.
Aviation Transaction Structuring
Drafting and negotiating aircraft purchase and sale documentation
as well as fractional governing documents
Assisting in aircraft broker, lender, management/charter company
and insurance selection and negotiations
Creating a coordinated strategy for federal and state taxes,
FAA compliance and liability protection planning
Conducting business valuations and purchase/sale transactions
of aviation industry companies
Federal Tax Planning
Providing federal tax advice, maximizing deductions for depreciation
and operating expenses, and converting "passive" activity losses
to "active" characterization
Conducting forward and reverse like-kind exchanges
Serving as Qualified Intermediary and Exchange Accommodation Titleholder
Minimizing or eliminating Federal Excise Tax requirements
State Sales and Use Tax Planning
Structuring transactions to minimize or eliminate state sales and use taxes
Federal and State Tax Audits
Defending state sales and use tax audits
Defending IRS audits
IRS, FAA, DOT Regulatory / Compliance Issues
Developing guidelines on personal use of employer provided aircraft,
and compliance with SIFL requirements
Developing fractional and hybrid shared ownership aircraft programs
Ensuring IRS, FAA, DOT and other related regulatory compliance
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