Certified Public Accountants

aviation services

Katz, Sapper & Miller provides tax planning and structuring to aircraft owners and operators. Our professionals have exclusive knowledge of federal and state tax laws, accounting rules and FAA regulations unique to aviation.

We offer analysis and consultation in such areas as:

  • Financing and Leasing Aircraft
  • Tax-Free Exchanges
  • Deductibility Calculations
  • Personal Use of Corporate Aircraft
  • Depreciation
  • Passive Activity Limitations
  • State Sales and Use Tax Analysis

A simple sale of an existing aircraft with the intent to use the proceeds on another purchased aircraft could result in the recognition of taxable gain on the existing aircraft. However, with proper planning an owner can structure a transaction which allows the purchase of a replacement aircraft, provides time to make an orderly disposition of the relinquished aircraft, and still allows the purchaser to reap the tax deferral benefits of a like-kind exchange. We serve as Qualified Intermediary (QI) and Revenue Procedure 2000-37 Exchange Accommodation Titleholder (EAT) for the aviation industry for like-kind exchanges.