IRS Sees Engine Overhauls As Non-Deductible Capital Improvement
The U.S. Internal Revenue Service thinks major engine overhauls are capital expenditures rather than expenses, and tax attorneys agree that even though the theory only represents IRS's opinion in a single case, it could easily be applied broadly throughout the industry with multi-million-dollar...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.