Pilot Training : Pilot Library : aircraft ownership
Aircraft Ownership Legal and Tax Guide: understandable advice for owners

Aircraft Ownership
Legal and Tax Guide

Publisher:
ISBN:
0071407642
Published Date:
2003
Pages:
331
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A complete "plain english" guide to the legal and tax issues facing aircraft owners. This product includes a cd-rom with downloadable forms, agreements, and checklists.

From the Back Cover:
Here's everything a plane owner needs to make sense of all the confusing legal and tax issues surrounding aircraft ownership. Written by an experienced lawyer-pilot who is also a certified public accountant and MBA professor, this book uses lay person language to provide detailed "how-to" solutions and thorough explanations of issues involving:
* buying and selling aircraft
* aircraft registration
* storing and maintaining aircraft
* liability and insurance
* multiple ownership arrangements
* taxes
* aircraft leasing

Readers will find insightful coverage of issues that directly impact their ownership rights and responsibilities and will have an immediate bearing on compliance, expense, safety, and profitability. You'll find IRS and FAA rules simplified, legal tips for leasing your aircraft, advice on how to protect yourself when buying or selling, insurance advice, hangar leasing, state and local taxes tips, and more.

Packed with flow charts, diagrams, and legal case briefs, and a complete CD-ROM containing customizable forms, agreements, and checklists, this book belongs on the shelf of every pilot, plane owner, and flight department manager.


eBook File Description:

File Type:
Secure eBook
File Size:
1.9Mb
EISBN:
0071434003
Print:
no
Copy/Paste:
no
Distribution:
2 Computers
Search:
yes
Offline Access:
yes
System Reqs:
Windows PC Only
User License:
Yes. See below

TABLE OF CONTENTS:

Buying or Selling an Aircraft
Buying and selling an aircraft
entity choices for aircraft ownership

Recording and Registration
recording aircraft ownership and liens
aircraft registration
aircraft registration for non-US citizens

Aircraft Storage and Maintenance
hangar and tie down agreements
legal basics of aircraft maintenance
airworthiness

Liability Issues for Aircraft Owners
insurance
liability release
liability for federal and state laws

Aircraft Cost Sharing
aircraft leasing
multiple ownership arrangements

Tax Issues for Aircraft Owners
aircraft related business expenses
nontaxable exchanges
tax implications of aircraft leasing
state and local taxes

Biography
Raymond C. Speciale is a lawyer and certified public accountant in Frederick, Maryland. He has provided legal counsel to hundreds of aircraft owners and pilots since he began his work as an aviation attorney over 15 years ago.

Mr. Speciale is an active pilot and flight instructor (CFII). He has written several booklets and articles for the Aircraft Owners and Pilots Association (AOPA) related to aircraft ownership and taxation issues.

He teaches courses in law and accounting at Mount Saint Mary's College in Emmitsburg, Maryland, where he serves on the full-time faculty as an assistant professor. He has been associated with the Law Offices of Yodice Associates (AOPA Counsel) since 1988. Mr. Speciale is an AOPA Legal Services Plan panel attorney.

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