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Smarter Aircraft Ownership Through Tax Strategy and Compliance
Description
Want to avoid costly tax mistakes with your aircraft ownership?
On the latest Jet Setting Wealth Advisory, David T. Yu speaks with Ryan DeMoor, Head of Aviation Tax at MySky, for an in-depth conversation about aviation tax strategy, compliance, and the critical mistakes aircraft owners and operators often make. Ryan shares how his unique background as both an airline pilot and aviation tax expert gives him rare insight into the challenges flight departments, executives, and owners face when trying to balance business use, personal use, and IRS requirements. From bonus depreciation and Qualified Business Use tests to SIFL, entertainment disallowance, and the role of automation and AI in aviation finance, this episode breaks down the complex tax rules that can create massive financial consequences if misunderstood.
Key Takeaways:
→ Bonus depreciation only works if strict Qualified Business Use rules are met every year
→ Failing QBU tests can trigger painful tax recapture years later
→ Personal vs. business flight classification must be documented contemporaneously
→ SIFL and entertainment disallowance directly impact executives and company deductions
→ Automation and software are transforming how flight departments stay compliant and cost-efficient
More from Ryan DeMoor and MySky:
Email: Ryan@MySky.com
Website: mysky.com
LinkedIn: linkedin.com/in/ryan-demoor-cam-mba
Engage with David T. Yu:
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Visit: DTY Wealth Planning Solutions
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