Improving the Commuting Disallowance Rule

The IRS issued updated guidance on bonus depreciation applicable to some aircraft, clarifying that 100% bonus depreciation may still be available for some aircraft delivered on or after Jan. 20, 2025, when a purchase agreement was executed prior to the date.

From the effects of the Trump administration's massive international tariffs to the challenges of completing aircraft transactions, it's been a pretty crazy year, unlike any we've seen before, in the words of NBAA Tax Committee member David Shannon.

NBAA’s 2025 Business Aviation Taxes Seminar put a successful finishing touch on a powerful spring conference season.

Although the annual NBAA Tax, Regulatory and Risk Management Conference addresses a variety of subjects across those three areas of business aviation operations, the specter of targeted IRS audits looms large among attendees at this year's record-breaking event.