Navigating Private Aircraft Ownership and Tax Compliance
6/9/202654 min
Want to understand the tax and compliance issues before buying an aircraft?
On this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Letisha Sailor, founder of AvTax Advisors, for a practical conversation on aviation tax law, aircraft ownership, FAA compliance, and IRS audit risk. With more than 20 years of experience in aviation tax and accounting, Letisha explains why aircraft ownership requires more than simply choosing the right plane. From structuring ownership correctly to documenting business use, managing state tax exposure, and preparing for potential audits, this episode highlights the importance of p...
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First 90 secondsSpeaker 10:00
[upbeat music] The Jet Setting Wealth Advisory Podcast, where your financial journey takes flight with David Liu. As an airline pilot and financial expert, David merges the aviation industry and wealth management to help you navigate today's complex financial skies. Each episode features expert insight, blending personal stories with essential financial strategies. We ask that you fasten your seat belts and sit back as we prepare for takeoff. Our destination, your financial empowerment.
David Yu· Host0:32
Hello, everybody. Welcome to another episode of Jet Setting Wealth Advisory, where we spotlight leaders and innovators helping professional navigate the intersection of wealth, aviation, and strategic financial planning. I'm David Liu, active airline pilot, wealth advisor, tax mitigation strategist, and your Jet Setting Wealth Advisory host. Each week we bring your convers- or, each week we bring you conversations designed to help business owners, aviation professionals, and high income earners make smarter financial decisions and build long-term success with confidence. Today I am super excited to welcome Leticia Saylor, founder of AV Tax Advisors, PLLC, a Florida law firm specializing in aviation and tax law. Leticia is a Florida licensed aviation attorney with more than 20 years of experience in aviation, tax,