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-11.24.25

AirborneNextGen-
11.18.25

Airborne-Unlimited-11.19.25

Airborne-AffordableFlyers-11.20.25

AirborneUnlimited-11.21.25

LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

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 (11.25.25)

Aero Linx: Vintage Sailplane Association The purpose of the Vintage Sailplane Association (VSA) is to promote the acquisition, restoration and flying of vintage sailplanes by its m>[...]

NTSB Final Report: Glasair GlaStar

Smoke Began Entering The Cockpit During The Landing Flare, And Then The Pilot Noticed Flames... Analysis: The pilot reported that about 30 minutes into the local flight, he heard s>[...]

ANN FAQ: Turn On Post Notifications

Make Sure You NEVER Miss A New Story From Aero-News Network Do you ever feel like you never see posts from a certain person or page on Facebook or Instagram? Here’s how you c>[...]

Classic Aero-TV: Red Tail Project Update – Taking the Mission to the People

From 2010 (YouTube Edition): The Red Tail Project Continues Effort Towards ‘Rise Above Program’ The Red Tail Project is a true example of this unbreakable spirit. In 20>[...]

Airborne 11.24.25: ANN's 30th!, Starship’s V3 Booster Boom, Earhart Records

Also: 1st-Ever Space Crime Was a Fraud, IAE Buys Diamonds, Kennon Bows Out, Perseverance Rover An interesting moment came about this past Sunday as ANN CEO, Jim Campbell, noted tha>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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