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Wolcott introaircraft

INTRODUCTION TO BUSINESS AIRCRAFT INCOME TAX REPORTING

Cost Free
Presentation Length 1.5 hours

Recorded DateJanuary 13, 2016
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Series: Taxes
Course Description

Learn the IRS and SEC rules and techniques for reporting business and non-business use of company aircraft. Participants will gain an in-depth practical understanding of how to analyze, calculate, and minimize the SIFL, entertainment cost disallowance and SEC fringe benefit reporting from the personal use of company aircraft. Includes using spreadsheets and Flight Tax Systems® aviation tax software to track flights and prepare tax computations.

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Jed Wolcott is a Certified Public Accountant, licensed pilot and President of Wolcott & Associates, P.A., a CPA firm with a practice limited to aviation. Jed received a Bachelor of Science degree from Franklin University in Columbus Ohio, and a Masters of Business Administration from the University of Dayton. Prior to forming Wolcott & Associates, P.A. Jed’s experience included corporate officer positions with major fixed based operators, regional commuter airlines, and CFR Part 135 charter operators. He is a member of the National Business Aviation Association Tax Committee and speaks regularly at NBAA Tax Conferences and Tax Forums, AOPA Summits, and other events.

About Our Presenter

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Wolcott & Associates, P.A. is a full-service CPA firm with a practice limited to aviation. Our services include preparation of aircraft-related federal and state tax returns, aviation financial reporting, structuring aircraft purchases and sales, IRS and state aircraft audit defenses and related aviation tax and financial matters. We are an aviation dedicated group of CPAs and professionals helping you to identify, protect and preserve tax deductions for your aircraft.