Here is everything a plane owner needs to make sense of all the confusing legal and tax issues surrounding aircraft ownership. Written by an experienced lawyer-pilot who is also a certified public accountant and business professor, A Legal and Tax Guide for Aircraft Owners uses layperson's language to provide detailed "how to" solutions and thorough explanations of issues involving:
Buying and selling aircraft
Aircraft recordation and registration
Storing and maintaining aircraft
Liability and insurance
Multiple ownership arrangements
Readers will find insightful coverage of issues that directly impact their ownership rights and responsibilities and that have an immediate bearing on compliance, expense, efficiency, safety, and profitability.
You will find IRS and FAA rules simplified and explained; legal tips for leasing your aircraft; advice on how to protect yourself when buying or selling an aircraft; what you should know about your aircraft insurance policy, your hangar lease, taxes, and more.
A Legal and Tax Guide for Aircraft Owners has numerous flow charts, diagrams, and legal case briefs, and comes with a CD-ROM containing customizable forms, agreements, and checklists.
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