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Aviation News

Insider <i>Special</i>: Taxes, What A Pilot Needs To Know

With tax time looming at the next fiscal waypoint, it might be a good time to mention Section 162 of the Internal Revenue Code, which says that deductions are allowed for 'ordinary and necessary expenses paid or incurred' in sustaining 'any trade or business.'

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Inoperative Equipment, FARs and the MEL

I was in the right, front seat of a new Beech Baron. My student, owner of the factory-fresh Beech, had smoothly taken off, beginning a wide, standard-rate turn to the left, away from the airport and toward our practice area. The morning was cool and bright, the sun muted through a thin layer of cirrus clouds far above.

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