Episode 52: Navigating Private Aircraft Ownership and Tax Compliance
About this episode
David T. Yu discusses tax and compliance issues related to private aircraft ownership with Letisha Sailor.
Want to understand the tax and compliance issues before buying an aircraft? On this episode of Jet Setting Wealth Advisory , David T. Yu speaks with Letisha Sailor, founder of AvTax Advisors, for a practical conversation on aviation tax law, aircraft ownership, FAA compliance, and IRS audit risk. With more than 20 years of experience in aviation tax and accounting, Letisha explains why aircraft ownership requires more than simply choosing the right plane. From structuring ownership correctly to documenting business use, managing state tax exposure, and preparing for potential audits, this episode highlights the importance of proactive planning before the purchase ever happens. Key Takeaways: → Aircraft ownership requires planning before purchase → Tax deductions depend on proper documentation and business use → Ownership structure must balance tax efficiency and FAA compliance → State sales and use tax can create unexpected costs → Proactive review can reduce audit risk and compliance issues More from Letisha Sailor and AvTax Advisors: Website: avtaxadvisors.com LinkedIn: linkedin.com/in/letishasailor Instagram: instagram.com/avtaxadvisors/?igsh=YzZlaTRremhhYzR1# Engage with…
More episodes of Jet Setting Wealth Advisory
- Episode 57: Finding the Green Lights in the Tax Code
- Episode 56: Cross-Border Tax Planning for Expats and Entrepreneurs
- Episode 55: How Expats Avoid Costly Tax Mistakes
- Episode 54: Helping Older Adults Stay Financially Organized and Independent
- Episode 53: How 1031 Exchanges Preserve Wealth and Defer Taxes
- Episode 51: Tax Strategy and Compliance in the Northern Mariana Islands
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