#146 - Aircraft Tax Write-Offs Explained by a Former IRS Auditor, Victoria Boon
About this episode
Victoria Boon, a former IRS auditor, explains aircraft tax deductions and the intricacies of bonus depreciation in this informative episode.
Hosts Tait Duryea and Ryan Gibson welcome former IRS auditor Victoria Boon to cut through the noise around aircraft tax deductions. Learn how bonus depreciation really works, why aircraft are treated differently from real estate, and what the IRS actually looks for during an audit. From Delta bonus taxation to leasebacks, qualified business use, and depreciation recapture, this episode is essential listening for pilots considering aircraft ownership as a tax strategy. Victoria Boon spent 22 years at the IRS as a subject matter expert, including leading national audits focused on aircraft deductibility. She now co-owns Boon.tax and founded Boon Tax Educators, where she provides tax education for CPAs, enrolled agents, and investors. In this conversation, Victoria shares rare, insider insight into aircraft write-offs, audit triggers, and the mistakes that get taxpayers into trouble. Show notes: (0:00) Intro (01:44) Why bonuses are over-withheld (04:39) Aircraft deductions overview (07:18) Bonus depreciation rules (08:16) Qualified business use explained (11:37) Depreciation recapture basics (14:29) IRS documentation requirements (18:02) Audit horror stories (22:21) Why aircraft…
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