• videocam On-Demand Webinar
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparation - Individual
  • schedule 110 minutes

Tax Treatment of Business Aircraft: OBBBA 100% Bonus Depreciation, Personal Use Calculations, Heightened IRS Audit Risk

$197.00

This course is $0 with these passes:

CPE
ALL
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About the Course

Introduction

This webinar will examine the tax treatment of business aircraft, including permanently restored bonus depreciation under the One Big Beautiful Bill Act (OBBBA). Our panel of knowledgeable aircraft specialists will discuss how recent legislative changes have reshaped depreciation planning for aircraft purchases while simultaneously increasing audit exposure related to personal use, entertainment disallowances, and hobby losses.

Description

OBBBA, enacted in July 2025, permanently restored 100% bonus depreciation for qualifying property acquired and placed in service after Jan. 19, 2025, and significantly expanded the Section 179 expensing limits. While these provisions may renew planning opportunities for aircraft purchasers, they also introduce new complexities and audit exposure. 

The IRS announced that it is auditing the business and personal use of corporate aircraft, with examinations led by the Large Business and International (LB&I) Division. The Service has acknowledged that aircraft taxation is a complex area of the law, particularly with respect to recordkeeping, valuation of personal use, entertainment disallowance, and depreciation rules. Understanding how these guidelines intersect is essential to preserving deductions and withstanding audit scrutiny.

Listen as our panel of seasoned federal tax practitioners highlights practical planning strategies and compliance pitfalls that can significantly affect the after-tax cost of aircraft ownership.

Presented By

Sue Folkringa, CPA, MTax, ATP, CFI-A/I
Aviation Taxologist
Aviation CPAs

Ms. Folkringa has been the firm’s resident Aviation Taxologist since 2008. She is a Shareholder and Partner at Aviation CPAs, one of the nation’s leading aviation-focused tax and accounting firms serving the business aviation industry since 1984. Since joining the firm in 2008, Ms. Folkringa has become widely recognized for her expertise in aviation taxation, aircraft ownership structures, IRS and state tax compliance, and the complex intersection of FAA, DOT, and IRS regulations impacting aircraft owners and operators. A licensed pilot and aircraft owner, she brings firsthand operational knowledge to her work in the aviation industry. Ms. Folkringa is the proud owner-pilot of a Piper Comanche and also enjoys flying gliders. Her practical aviation experience, combined with tax and accounting expertise, allows her to provide clients with a uniquely informed perspective on the financial and operational realities of aircraft ownership.

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Letisha D. Sailor, Esq.
Founder & Managing Member
AvTax Advisors, PLLC

Ms. Sailor has over 20 years of aviation, tax, and accounting experience. She has assisted hundreds of aircraft owners and operators with aviation tax planning to minimize state tax consequences, maximize federal tax deductions, meet FAA regulatory requirements, and ensure ongoing compliance with recordkeeping and reporting requirements. Ms. Sailor has also assisted clients with structuring a vast number of aircraft transactions, including drafting and negotiating purchase/sales agreements, dry lease agreements, aircraft and charter management agreements, and co-ownership agreements. In addition to tax planning and structuring, she has represented numerous aircraft owners and operators in all aspects of state and federal tax examinations, including representing clients during audit examinations and administrative appeals; negotiating with IRS and state revenue personnel to resolve tax assessments; and representing clients before the U.S. Tax Court and state courts and administrative tribunals. Prior to founding ATA, Ms. Sailor was a Principal at GKG Law, P.C. (2023-2025) in the business aviation and tax practice group and a managing attorney at Advocate Consulting Legal Group, PLLC (“ACLG”), an aviation tax firm she joined in 2009.   

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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Wednesday, July 8, 2026

  • schedule

    1:00 PM ET/10:00 AM PT

I. Tax guidelines relative to operating and purchasing aircraft

II. New depreciation strategies after OBBBA

III. Planning strategies to optimize the tax benefits of airplane ownership

IV. IRS examinations of personal use of airplanes

VI. Final regulations under 274(l) for transportation and commuting

VIII. Best practices

The panel will cover and address these and other issues:

  • Structuring an aircraft purchase
  • Preparing for IRS audits of personal use of aircraft
  • Imputed income overview
  • Entertainment disallowance computations
  • 100% bonus depreciation under OBBBA
  • Commuting expenses

Learning Objectives

After completing this course, you will be able to:

  • Identify the tax changes that accelerate depreciation after the OBBBA
  • Determine the taxpayer's "tax home" for federal tax purposes
  • Recognize the rules relative to business entertainment deductions, which could diminish the business value of owning aircraft
  • Ascertain whether the costs of flights are deductible
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and sole proprietorships, qualified business income, net operating losses and loss limitations; familiarity with net operating loss carry-backs, carry-forwards and carried interests.


BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .