Press 
A company’s first step in successfully defending a business aircraft deduction is to use the airplane in an enterprise that operates at a profit. CPAs will find that businesses the taxpayer does not engage in for profit won’t be allowed any business deduction. The IRS will scrutinize large business aircraft deductions from entities that generate little or no profit. Personal airplane expenses disguised as trade or business expenses aren’t justifiable deductions.
Previous
Business Aircraft Uses
Press
AviationOutlook provides aviation consulting, strategic market analysis, and market research reports on drones, commercial aircraft, aircraft MRO, structural health monitoring and various other aspects of aviation/aerospace industry.
