NBAA 2011 Tactics to Avoid and Survive an IRS Audit
NBAA 2011 Tactics to Avoid and Survive an IRS Audit
NBAA 2011 Tactics to Avoid and Survive an IRS Audit
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Personal Use of Comp<strong>an</strong>y Aircraft<br />
• For individual-owned aircraft, including aircraft in<br />
a single-member LLC owned by <strong>an</strong> individual:<br />
• Apply primary purpose test, similar <strong>to</strong> how<br />
individual-owned au<strong>to</strong>s are reported 10100<br />
• Deduct pro-rata portion of direct costs, ownership<br />
costs <strong><strong>an</strong>d</strong> depreciation for non-business flight use<br />
• No distinction between non-business <strong><strong>an</strong>d</strong><br />
entertainment flights; use is either business or nonbusiness