REFLECTOR: education and recreation
Laurence Coen
lwcoen at hotmail.com
Tue Jun 23 21:04:53 CDT 2009
The guy your transporting cannot pay for all the gas. You can split all
expenses 50/50 that are directly related to that particular flight. If
there are four on board, then the pilot/owner's share is 25%. If you don't
pay your share then, according to the FAA you are indeed being compensated.
I also don't think the kidney in the cooler can be counted as a passenger.
Larry Coen
N136LC
--------------------------------------------------
From: "Jerome Sipple" <jds at taxesplusllc.com>
Sent: Tuesday, June 23, 2009 2:47 PM
To: "Velocity Aircraft Owners and Builders list" <reflector at tvbf.org>
Subject: Re: REFLECTOR: education and recreation
> Douglas Holub wrote:
>> One of my best friends is a courier, an independent contractor. He gets
>> paid to drive all over Texas and Oklahoma delivering things, usually body
>> parts for surgery to a hospital or airplane parts to an airport. Can I
>> take him somewhere to deliver something as long as I don't get paid for
>> it?
>> Doug Holub
>> Looking for places to go
>>
>>
> Someone else might be better at answering at answering this, but I think
> you could as long as you don't ask for or receive any compensation. Now
> could he put gas in your tanks and take that as a business deduction? Most
> certainly as long as he has proof of payment, (the receipt for the fuel
> etc [at both ends of the trip ;-)]). You're not receiving compensation,
> just reimbursement of expenses and he can't take direct cost of your Velo
> as he doesn't own it and the fact it's not a certified a/c. Of course if
> he picked up the tab for lunch that would even be better. I know it's not
> the issue here but if he were to drive the route by automobile he might
> have a bigger deduction by using the IRS standard mileage rate at the cost
> of not as much fun! The IRS doesn't disallow having fun YET. It just can't
> be the PRIMARY reason for doing it! Enjoy!
>
> Soon to be builder I hope!
>
> Jerry Sipple
> Taxes Plus & Associates LLC
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