• Episode 002: Strategic Aircraft Ownership Tax Planning: Expert Advice

  • Aug 1 2024
  • Duración: 31 m
  • Podcast

Episode 002: Strategic Aircraft Ownership Tax Planning: Expert Advice

Escúchala gratis

Ver detalles del espectáculo

  • Resumen

  • Are you ready to unlock the secrets of maximizing financial benefits from aircraft ownership? Join us for an eye-opening discussion with tax planning expert KJ McCarter! In this episode of Grow Your Business & Grow Your Wealth, guest host David T. Yu sits down with guest KJ McCarter to discuss maximizing the financial benefits of aircraft ownership and navigating the intricate world of tax planning. KJ shares his journey from working at a Big Four public accounting firm to specializing in aviation tax consulting, driven by personal motivation and a passion for the industry. They delve into the unique challenges and opportunities in aviation tax consulting, the importance of early tax planning, and the strategies for complying with IRS regulations while optimizing tax savings. Key Takeaways: Early Planning is Crucial: Start tax planning at least two months before purchasing an aircraft to ensure optimal ownership structure and tax benefits. Understand Sales and Use Tax: Be aware of different state regulations and plan accordingly to minimize sales and use tax liabilities. Document Properly: Maintain accurate flight logs to differentiate between business, personal, and entertainment use for IRS compliance. Utilize Available Exemptions: Leverage exemptions like interstate commerce to reduce tax liabilities significantly. Seek Expert Advice: Work with specialized tax consultants to navigate the complexities of aviation tax laws and avoid costly mistakes. Quote from KJ McCarter: "The earlier you start thinking about tax planning, the better. A proactive approach allows us to optimize your tax strategy and ensure compliance, saving you time and money." How to Reach KJ McCarter: Email: KJ@aviationtaxconsultants.com Website: Aviation Tax Consultants Guest Host Information: David T. Yu is an airline pilot, founder, and wealth advisor at DT Yu Wealth Planning Solutions. Connect with David for more insights on growing your business and wealth. Visit his website: https://www.dtywealthplanningsolutions.com/ Call to Action: Please subscribe, leave a review, and share this episode with anyone interested in aviation tax planning and aircraft ownership! Learn more about your ad choices. Visit megaphone.fm/adchoices
    Más Menos
activate_WEBCRO358_DT_T2
Economía Finanzas Personales
Más Menos

Lo que los oyentes dicen sobre Episode 002: Strategic Aircraft Ownership Tax Planning: Expert Advice

Calificaciones medias de los clientes

Reseñas - Selecciona las pestañas a continuación para cambiar el origen de las reseñas.

Reseñas de Audible.com

Opiniones de Amazon
No hay comentarios disponibles