This work is a complete "Plain English" guide to the legal and tax issues facing aircraft owners. It comes with a CD-ROM containing downloadable forms, agreements, and checklists. Here's everything a plane owner needs to make sense of all the confusing legal and tax issues surrounding aircraft ownership. Written by an experienced lawyer-pilot who is also a certified public accountant and MBA professor, "A Legal and Tax Guide for Aircraft Owners" uses layperson's language to provide detailed "how to" solutions and thorough explanations of issues involving: buying and selling aircraft; aircraft recordation and registration; storing and maintaining aircraft; liability and insurance; multiple ownership arrangements; taxes; and, aircraft leasing.Readers will find insightful coverage of issues that directly impact their ownership rights and responsibilities and have an immediate bearing on compliance, expense, efficiency, safety, and profitability. You'll find: IRS and FAA rules simplified and explained; legal tips for leasing your aircraft; advice on how to protect yourself when buying or selling an aircraft; what you should know about your aircraft insurance policy, your hangar lease, and state and local taxes; and much, much more. Packed with flow charts, diagrams, and legal case briefs, and complete with a CD-ROM containing customizable forms, agreements, and checklists, "A Legal and Tax Guide for Aircraft Owners" belongs on the shelf of every pilot, plane owner, and flight department manager.