Airplane Usage Business vs Personal??

  • You are viewing Orangepower as a Guest. To start new threads, reply to posts, or participate in polls or contests - you must register. Registration is free and easy. Click Here to register.
Jan 6, 2006
308
66
1,578
#1
Anyone with knowledge or experience that can answer any of the following questions?



It appears that we may be pushing the 50% threshold this year on company airplane usage. If we are over 50% this year, what will that trigger?

Any kind of depreciation recapture?
A flag to the IRS?

Or will it just be noted, and as long as it is a one time occurrence over the course of several years, nothing will happen?


If the flags are raised, what are some ways that we can get the percentage back down in the next 45 days?
 
Jan 28, 2011
115
72
578
Dallas, TX
#2
Can't help with your question.

However, if you ever have any questions with reconfigurations, or re-rags, I'm sure I could provide an answer, or even assist on the project if you'd like.