• assurance
  • ERISA employee benefit plan audits
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• tax
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  • estate & succession planning
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    • indiana property tax appeals
• transactions
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contact

Mark N. Bernstein 317.580.2036

aviation services

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

In addition to providing traditional financial statement and tax compliance services, we offer analysis and consultation in such areas as:

• Financing and leasing aircraft
• Tax-deferred exchanges
• Deductibility calculations
• Personal use of corporate aircraft
• Depreciation
• Passive activity limitations
• State sales and use tax analysis
• Structuring of aircraft ownership

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 that 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.