NBAA: Federal Appeals Court Upholds Current Deductibility of Engine Maintenance | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-08.25.25

Airborne-NextGen-08.26.25

AirborneUnlimited-08.27.25

Airborne-AffordableFlyers-08.28.25

AirborneUnlimited-08.22.25

Tue, Mar 29, 2005

NBAA: Federal Appeals Court Upholds Current Deductibility of Engine Maintenance

Good News For Aircraft Operators

Our ever cost-conscious friends at NBAA tell ANN that a recent ruling by the Sixth Circuit Court of Appeals in FedEx Corporation v. United States of America provides valuable information to owners and operators of business aircraft. The question of expensing or capitalizing costs associated with heavy maintenance has been puzzling to taxpayers over the years. Current expenses that are fully deductible in the year incurred are most valuable.

Costs that must be capitalized and realized over several years are valuable, but less so than currently deductible expenses. When considering high-cost items, such as engine maintenance costs, the difference can be quite significant.

Until recently, the cases and rulings on the subject provided an inconsistent record and poor guidance for aircraft owners looking for a definitive answer to the question: "Are engine maintenance costs currently deductible as expenses or must they be capitalized over time?"

FMI: http://web.nbaa.org/member/ops/taxes/200503.php

Advertisement

More News

ANN's Daily Aero-Linx (08.27.25)

Aero Linx: The American Society of Aerospace Medicine Specialists (ASAMS) The Society is a non-profit organization created to serve as a voice for and represent the professional ne>[...]

ANN's Daily Aero-Term (08.27.25): Class C Service

Class C Service This service provides, in addition to basic radar service, approved separation between IFR and VFR aircraft, and sequencing of VFR aircraft, and sequencing of VFR a>[...]

ANN FAQ: Submit a News Story!

Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]

Airborne-NextGen 08.26.25: Iran UAV Knockoffs, X-37B Spaceplane, Army Training

Also: ERAU Uses UAVs, P550 Group 2 UAS, Starship’s Florida Launches, NASA Missions Chopped The Air Force has put out a call to commission a one-to-one copy of the Iranian-des>[...]

Classic Klyde Morris (08.25.25)

Classic Klyde Morris From 11.07.16 (and Remembering Bob...) FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 08.29.25: G800 Delivery, Alaska F-35 Crash, USCG-RCAF Medevac

Airborne Affordable Flyers 08.28.25: Midwest Av Expo, Vickers, Air Race Classic

Airborne 08.27.25: Air Race Tkt Discounts, Europe AvGas, Deportation Flights?

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC