Flaherty Jones Thompson Proudly Assists Clients with Private Aircraft Laws

Noncompliance with tax, Federal Aviation Administration (FAA) and other legal requirements of aircraft ownership is commonplace as there is a widespread misunderstanding of these rules among aircraft owners and their advisers. Failure to meet the legal requirements of aircraft ownership can result in unexpected taxes, penalties and fines — even personal liability. The legal requirements are complex and to compound the problem, there are few qualified professionals with the experience to guide aircraft owners through these hurdles.

As proud members of this small group of experts, we at Flaherty Jones Thompson help aircraft owners comply with the legal requirements of aircraft ownership. We also maximize tax savings through expert planning and execution. Common issues and opportunities for improvement that we often help aircraft owners address include sales and use tax, property tax, FAA registration and ownership, and income tax depreciation, as well as property and casualty liability insurance and owner personal liability.