Changes in tax law allowance | Wall Street Financier: Notes from High Altitude© https://wallstreetdealmaker.com He who makes a beast out of himself gets rid of the pain of being a man. Tue, 14 Mar 2023 23:51:33 +0000 en-US hourly 1 https://i0.wp.com/wallstreetdealmaker.com/wp-content/uploads/2018/12/pitbullgif.gif?fit=32%2C22&ssl=1 Changes in tax law allowance | Wall Street Financier: Notes from High Altitude© https://wallstreetdealmaker.com 32 32 155119938 We are still here, even with SVB failing https://wallstreetdealmaker.com/2023/03/we-are-still-here-even-with-svb-failing/ https://wallstreetdealmaker.com/2023/03/we-are-still-here-even-with-svb-failing/#respond Tue, 14 Mar 2023 23:51:30 +0000 https://wallstreetdealmaker.com/?p=2717 The news of the week is, of course, the failure and takeover of Silicon Valley Bank by regulators. Years ago, when I talked about the widespread mess in the venture capital world, almost nobody paid attention. Now with a run on this bank, folks are mindful of some of the … Continue ReadingWe are still here, even with SVB failing

The post We are still here, even with SVB failing first appeared on Wall Street Financier: Notes from High Altitude©.]]> The news of the week is, of course, the failure and takeover of Silicon Valley Bank by regulators. Years ago, when I talked about the widespread mess in the venture capital world, almost nobody paid attention. Now with a run on this bank, folks are mindful of some of the things we said [power comes at a price]. I suggest you read this commentary where Fed’s insanely high interest rate increases is to blame for this mess.

Power is egregiously concentrated in the hands of a few, and that’s never going to change.

Time is favoring the wicked. It’s the way of the world.

The post We are still here, even with SVB failing first appeared on Wall Street Financier: Notes from High Altitude©.]]> https://wallstreetdealmaker.com/2023/03/we-are-still-here-even-with-svb-failing/feed/ 0 2717 Personal Use of Business Aircraft https://wallstreetdealmaker.com/2013/03/personal-use-of-business-aircraft/ https://wallstreetdealmaker.com/2013/03/personal-use-of-business-aircraft/#respond Tue, 19 Mar 2013 03:28:00 +0000 http://wallstreetdealmaker.com/index.php/2013/03/19/personal-use-of-business-aircraft/ On March 11, 2013, IRS released changes to the entertainment use of business aircraft, available at NBAA Under the Act, the difference between the actual cost of personal entertainment flights provided for “specified individuals” and the amount included as income for the individual (based on SIFL or Fair Market Valuation), … Continue ReadingPersonal Use of Business Aircraft

The post Personal Use of Business Aircraft first appeared on Wall Street Financier: Notes from High Altitude©.]]> On March 11, 2013, IRS released changes to the entertainment use of business aircraft, available at NBAA

Under the Act, the difference between the actual cost of personal entertainment flights provided for “specified individuals” and the amount included as income for the individual (based on SIFL or Fair Market Valuation), is disallowed as a deduction to the corporation.

“IRS did make changes dealing with the treatment of depreciation and interest expenses. The final rules provide that, in the case of a taxpayer making the election to use the straight line depreciation method for purposes of the disallowance calculation, the disallowed depreciation in any year will not exceed the allowable depreciation for such year. Also, interest is now included in the costs subject to disallowance if the underlying debt is secured by or allocable to an aircraft used to provide entertainment flights.”

NBAA Personal Use of Business Aircraft Handbook


The post Personal Use of Business Aircraft first appeared on Wall Street Financier: Notes from High Altitude©.]]> https://wallstreetdealmaker.com/2013/03/personal-use-of-business-aircraft/feed/ 0 364