Aircraft in Corporation or LLC?

"Mike Rapoport" wrote in message
ink.net...

"NW_PILOT" wrote in message
...
I was told if I may be able to use my airplane for my commercial flight
training or use it strictly as a time builder to help obtain further
ratings
it may be able to be used as a valid educational expense for new career
training write off or something like that. My tax attorney is looking in

If your "tax attorney" has to look into this you need a new tax attorney.
Education or training for a new career is never deductible. Education to

I wouldn't shoot quite so fast. Depending on your employment status and
income level there are more government programs out there than even good
CPAs are often aware of. Back in 2000 the gub'mint helped me pay for night
school classes in programming at my local community college, thanks to the
"Hope Credit" or something like that. Added two simple pages (none of which
asked at all about job-relatedness) to my tax return and got me about $1000,
IIRC. I wouldn't be surprised if there are similar ways to write off flight
training, under at least some circumstances.

-cwk.