Planes, Yachts, Automobiles and RVs: How to Write-Off Listed Property Under IRC §280F (Presented by Tax Rep)

Eric L. Green | Green & Sklarz, LLC.

Eric is a managing partner in Green & Sklarz LLC, a boutique tax firm with offices in Connecticut and New York. The focus of Attorney Eric L. Green’s practice is civil and criminal taxpayer representation before the Department of Justice Tax Division, Internal Revenue Service and state Departments of Revenue Services. He is a frequent lecturer on tax topics for many national organizations, including Insightful Accountant, CCH, the NAEA, the NATP, the ABA Tax Section and the Connecticut Society of CPAs. Attorney Green has served as adjunct faculty at the University of Connecticut School of Law. He was the author and lecturer of the University of Connecticut School of Business IRS Representation Certificate Program, and has served as a columnist for CCH’s Journal of Practice & Procedure. He is the founder of Tax Rep LLC which coaches accountants and attorneys on building their own IRS Representation practices, and is the host of the weekly Tax Rep Network Podcast.

Mr. Green is the author of The Accountant’s Guide to IRS Collection, The Accountant’s Guide to Resolving Tax Debts, The Accountant’s Guide to Resolving Payroll Tax Debts and The Insider’s Guide to Offers-in-Compromise.

Victoria Boon, MBA | Tax Consultant | IRS Expert | Educator

Victoria Boon is a seasoned tax consultant and nationally recognized expert in federal taxation, with more than 20 years of experience in audit strategy, IRS compliance, and professional education. A former IRS Senior Revenue Agent and Subject Matter Expert with the Internal Revenue Service, Victoria brings\ deep technical knowledge and real-world insight to her consulting and training work in the private sector.

Throughout her career, Victoria has specialized in complex areas of the tax code, including IRC §§ 1031, 162, 274, and conservation easements. She has led large corporate audits, developed continuing education programs for IRS staff and tax professionals, and contributed to key IRS publications such as Publications 544, 551, and 946. Victoria also served as a campaign expert on aircraft taxation and conservation easements, shaping national audit priorities and training curricula.

Victoria holds an MBA from the University of North Carolina at Greensboro and a BBA in Accounting and Marketing from the University of Wisconsin Oshkosh (Cum Laude). She is also a former VITA site coordinator and a recipient of numerous performance and service awards during her tenure with the IRS.

Now in private practice, Victoria offers consulting services, CE instruction, and expert guidance on audit defense, tax law interpretation, and IRS procedure for practitioners, firms, and financial advisors across the country.

You can contact Victoria at [email protected]. More information on her consulting and educational firms can be found at www.boon.tax and www.boontaxeducators.com.

I. Apply the Qualified Business Use (QBU) tests for aircraft, automobiles, yachts, and RVs | 1:00pm – 1:20pm

II. Distinguish between personal use and deductible business use | 1:20pm – 1:40pm

III. Calculate depreciation limits and apply ADS when needed | 1:40pm – 2:00pm

Break | 2:00pm – 2:10pm

IV. Avoid costly depreciation recapture under §280F(b) | 2:10pm – 2:30pm

V. Meet the strict substantiation requirements of IRC §274(d) | 2:30pm – 2:50pm

VI. Handle entertainment use, commuting rules, and luxury vehicle caps | 2:50pm – 3:10pm