Podcast: The Importance of Year-End Tax Planning

Upcoming changes regarding the tax treatment of business aviation operations, including the multiyear phaseout of bonus depreciation, along with the end to tax reductions from the Tax Cut and Jobs Act of 2017, highlight the need for business aircraft operators to reassess their tax strategies. “You can’t start this planning with the FAA and the IRS too late in the year,” emphasizes NBAA Tax Committee Chair David Hernandez. “You should be talking about these issues this week and continue on until you’re absolutely certain that you’ve done everything to maximize your depreciation.”

In this episode of NBAA’s “Flight Plan,” host Rob Finfrock speaks with:

• Ryan DeMoor, CAM, head of aviation tax for MySky and vice chair of the NBAA Tax Committee
• David Hernandez, shareholder at Vedder Price and NBAA Tax Committee chair