Speaking Engagement
Ruth Wimer Explains Implications of New Tax Law on Business Aircraft
Speaking Engagement
Ruth Wimer Explains Implications of New Tax Law on Business Aircraft
May 11, 2018
On May 11 in Dallas, Employee Benefits and Executive Compensation Partner Ruth Wimer joined the NBAA Business Aviation Taxes Seminar to present on “Changes to Business Entertainment & Commuting.”
The 2017 tax law’s denial of deductions for both business entertainment and commuting flights is new and significant. In her session, Ruth explained how and when to characterize a flight as “business entertainment,” which individuals are not covered by the commuting disallowance, and the recordkeeping and administration challenges involved for these new types of disallowed flights.
Ruth’s practice includes structuring optimum ownership of business aircraft, factoring in deduction and income inclusion for personal use, excise tax, depreciation, Securities and Exchange Commission (SEC), and Federal Aviation Administration (FAA) issues.