Flight Tax Systems
Aviation Tax Software
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5525 NW 15th Avenue
Suite 203
Fort Lauderdale, Florida 33309
Local: 954.763.9363
Fax: 954.467.8893

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Aviation Tax Software Features

 
FTS Enterprise
Fractional
 
$4,995
$1,995

SIFL Reporting

Point to point reporting
50% seating capacity rule
Single or dual pilot configuration
Spousal reporting rules
International SIFL rules observed
Recognizes children under 2 years rule
Calendar year reporting
Fiscal year reporting
Bona fide security reporting

Entertainment Cost Disallowance Reporting

Leg-by-leg reporting
Calculation under all 4 methods
Deadhead flights
Reports cost by aircraft or aggregate
Lists passenger names
Open jaw flights
Records purpose of flight
Time share reporting
Schwab flight reporting

Other Tax Features and Reports

Documents employees, passengers, and guests per IRS requirements
280F reporting test for MACRS and bonus depreciation
Statistical reporting
IRS audit report
Auditor report
General flight report
User defined flight categories
Links to IRS and state tax statutes and requirements
Excel export capability

Data Import Feature

Allows data to be imported in to FTS from a CSV file
Upload files from your scheduler software of Excel spreadsheet
Easy upload process with step by step instructions
Save data entry time and reduce errors from manual entries

Cost Center Reporting, Allocate flight cost by:

Flight hours
Flight miles
Cost by hour
Allocate SIFL

Complex Ownership Structures

Multiple aircraft/Same owner
Multiple owner/Same aircraft

Federal Excise Tax (FET) Reporting

Includes all Domestic & International FET rules, including 225 mile
N/A
Bills by assigned aircraft rate for Schwab or Timesharing Flights
N/A
Bills by pricing assigned to a specific flight (charter operators)
N/A
Aggregates FET collections by IRS deposit period
N/A
Calculates IRS fuel tax credits
N/A
Quarterly Form 720
N/A

SEC Features

Reports incremental costs by executive
N/A
Tracks up to 7 primary executives
N/A
Hire/termination date tracking
N/A
Reports by aircraft
N/A
Module Features By State

Alabama, Arkansas, Arizona, Florida, Georgia, Illinois, Kansas, Louisiana, Mississippi, Missouri, New Mexico, New York, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas

State Mileage apportionment
N/A
Days-in-State report
N/A
State landings report
N/A
Tracks leasing use
N/A

California

Interstate commerce exemption
N/A
Common carrier exemption
N/A
Tracks leasing use
N/A
CA use reporting for personal property taxes
N/A
Complimentary Support & Training:
Provided within the first 30 days of subscription activation
1.5 hours
1 hour
 
FTS Enterprise
Fractional
 
$4,995
$1,995