banner
banner

24 Jun 2025, 06:42 [ UTC - 5; DST ]


Garmin International (Banner)



Reply to topic  [ 4188 posts ]  Go to page Previous  1 ... 7, 8, 9, 10, 11, 12, 13 ... 280  Next
Username Protected Message
 Post subject: Re: Flying the Citation II
PostPosted: 23 Aug 2014, 21:54 
Offline


 WWW  Profile




Joined: 03/09/11
Posts: 556
Post Likes: +127
Company: Aviation Tax Consultants LLC
Location: Scottsdale, AZ
Aircraft: Cirrus
Username Protected wrote:
I read quite a bit of case law when I was in this situation and I never saw the State go after somebody on that point. It was always the transfer through a dealer that ended up in court.


Yes, some dealer would set up a new LLC to buy plane from dealer and customer buys plane from this 'non dealer' LLC...

Sorry! Thanks for playing.

_________________
Daniel Cheung, CPA
@danielcheungatc
http://www.aviationtaxconsultants.com


Top

 Post subject: Re: Flying the Citation II
PostPosted: 23 Aug 2014, 22:41 
Offline


User avatar
 Profile




Joined: 12/16/07
Posts: 18660
Post Likes: +28843
Company: Real Estate development
Location: Addison -North Dallas(ADS), Texas
Aircraft: In between
Username Protected wrote:
Wow. On a side note (yes maybe I am causing a thread drift alert, which is titled Flying the Citation II),


Permission granted to call it buying and flying the Citation II if you'd like. Of course, all most of us want to do is fly, but all these other details must be overcome (g).
Purpose was to help others understand what's involved. Seems like great info to me!

_________________
Dave Siciliano, ATP


Top

 Post subject: Re: Flying the Citation II
PostPosted: 24 Aug 2014, 00:08 
Offline


User avatar
 Profile




Joined: 07/17/11
Posts: 2474
Post Likes: +1152
Location: Dallas, TX
Aircraft: Airbus, King Air 350
Username Protected wrote:
Wow. On a side note (yes maybe I am causing a thread drift alert, which is titled Flying the Citation II),


Permission granted to call it buying and flying the Citation II if you'd like. Of course, all most of us want to do is fly, but all these other details must be overcome (g).
Purpose was to help others understand what's involved. Seems like great info to me!


Yes, very good info. Thanks Dave. Keep it coming !
_________________
ATP CFI/II
B350, B1900, A-320
USC Aviation Safety & Security Program Certificate


Top

 Post subject: Re: Flying the Citation II
PostPosted: 24 Aug 2014, 17:27 
Offline


 WWW  Profile




Joined: 03/09/11
Posts: 556
Post Likes: +127
Company: Aviation Tax Consultants LLC
Location: Scottsdale, AZ
Aircraft: Cirrus
Username Protected wrote:
Wow. On a side note (yes maybe I am causing a thread drift alert, which is titled Flying the Citation II),


Permission granted to call it buying and flying the Citation II if you'd like. Of course, all most of us want to do is fly, but all these other details must be overcome (g).
Purpose was to help others understand what's involved. Seems like great info to me!


I was at Montgomery Field yesterday working a show and met a gentleman closing on a Cessna 206 today.

"Casually", or strategically..., I asked him if he's done tax planning, especially the 9 or 10% California sales tax. His response was, what planning? He was going to write the check to pay the sales tax to the Board of Equalization.

With the most generous sales tax exemption in the country, and a random meeting, the gentleman saves enough money to buy a few thousand gallons of 100LL!
_________________
Daniel Cheung, CPA
@danielcheungatc
http://www.aviationtaxconsultants.com


Top

 Post subject: Re: Flying the Citation II
PostPosted: 24 Aug 2014, 17:33 
Offline


User avatar
 Profile




Joined: 07/30/12
Posts: 2388
Post Likes: +364
Company: Aerlogix, Jet Aeronautical
Location: Prescott, AZ
Aircraft: B-55, RV-6
Quote:

I was at Montgomery Field yesterday working a show and met a gentleman closing on a Cessna 206 today.

"Casually", or strategically..., I asked him if he's done tax planning, especially the 9 or 10% California sales tax. His response was, what planning? He was going to write the check to pay the sales tax to the Board of Equalization.

With the most generous sales tax exemption in the country, and a random meeting, the gentleman saves enough money to buy a few thousand gallons of 100LL!



Daniel, I looked for you on Friday, but I think you had just gone into the conference room for a presentation. Good showing looked like.


Top

 Post subject: Re: Flying the Citation II
PostPosted: 24 Aug 2014, 17:39 
Offline


User avatar
 Profile




Joined: 12/16/07
Posts: 18660
Post Likes: +28843
Company: Real Estate development
Location: Addison -North Dallas(ADS), Texas
Aircraft: In between
Good on you Daniel! Amazing how folks just do things on impulse when asking around a bit or doing a bit of reading could save some real dough, but, it's their money.

_________________
Dave Siciliano, ATP


Top

 Post subject: Re: Flying the Citation II
PostPosted: 26 Aug 2014, 09:48 
Offline


User avatar
 WWW  Profile




Joined: 03/09/11
Posts: 1764
Post Likes: +825
Company: Wings Insurance
Location: Eden Prairie, MN / Scottsdale, AZ
Aircraft: 2016 Cirrus SR22 G5
Username Protected wrote:

I was at Montgomery Field yesterday working a show and met a gentleman closing on a Cessna 206 today.


The aircraft expo at MYF this past Friday and Saturday was well attended as you noted. The aircraft ownership seminar we held on Friday in the Crown Air building was also very well attended. Definitely one of our favorite stops on the Expo circuit is Southern and Northern Cal venues.

_________________
Tom Hauge
Wings Insurance
National Sales Director
E-mail: thauge@wingsinsurance.com


Top

 Post subject: Re: Flying the Citation II
PostPosted: 26 Aug 2014, 10:29 
Offline


 WWW  Profile




Joined: 03/09/11
Posts: 556
Post Likes: +127
Company: Aviation Tax Consultants LLC
Location: Scottsdale, AZ
Aircraft: Cirrus
Username Protected wrote:

Daniel, I looked for you on Friday, but I think you had just gone into the conference room for a presentation. Good showing looked like.


Steve, I'll see you on the road some other times, or online!

_________________
Daniel Cheung, CPA
@danielcheungatc
http://www.aviationtaxconsultants.com


Top

 Post subject: Re: Flying the Citation II
PostPosted: 26 Aug 2014, 12:04 
Offline


User avatar
 Profile




Joined: 12/16/07
Posts: 18660
Post Likes: +28843
Company: Real Estate development
Location: Addison -North Dallas(ADS), Texas
Aircraft: In between
Well, scratching my head on this again :)
When we flew last week we had to make a short hop from Tyler to Addison; then did the longer flight up to Tulaa, Fort Smith and back, then back to Tyler. Computed the fuel usage and the long leg was as conveyed before, but the short legs, ouch over 1600 pph!
Total 2.5 flight on the hobbs was almost 500 gallons of fuel.
So, I really have to think through usage and how much may be shorter legs. On the long legs at altitude, great; on the short legs down low: ouch!

Meanwhile, met with lender on a subdivision and they may be extra nice if I keep my balance sheet about where it is.

So, scratching my head again!

_________________
Dave Siciliano, ATP


Top

 Post subject: Re: Flying the Citation II
PostPosted: 26 Aug 2014, 12:12 
Offline


 Profile




Joined: 02/11/14
Posts: 582
Post Likes: +25
Location: KCOE/KSFF
Dave,

What was your altitude on the short leg "down low"?


Top

 Post subject: Re: Flying the Citation II
PostPosted: 26 Aug 2014, 12:20 
Offline


 Profile




Joined: 06/09/09
Posts: 4438
Post Likes: +3304
Aircraft: C182P, Merlin IIIC
Dave, can you give me the airport codes for your legs that made up the 500 g? I would like to compare that with what my Merlin IIIC would burn.


Top

 Post subject: Re: Flying the Citation II
PostPosted: 26 Aug 2014, 12:21 
Offline


User avatar
 WWW  Profile




Joined: 01/25/08
Posts: 411
Post Likes: +155
Company: Bison Aviation, LLC
Location: San Antonio & Kansas City
Username Protected wrote:
Well, scratching my head on this again :)
When we flew last week we had to make a short hop from Tyler to Addison; then did the longer flight up to Tulaa, Fort Smith and back, then back to Tyler. Computed the fuel usage and the long leg was as conveyed before, but the short legs, ouch over 1600 pph!
Total 2.5 flight on the hobbs was almost 500 gallons of fuel.
So, I really have to think through usage and how much may be shorter legs. On the long legs at altitude, great; on the short legs down low: ouch!

Meanwhile, met with lender on a subdivision and they may be extra nice if I keep my balance sheet about where it is.

So, scratching my head again!


Good Morning Dave,

As you have discovered, short legs in the jets become pretty unpleasant when you roll up to the fuel pump! Flying a parabolic climb/descent helps, but it can still be pretty painful.

John IV


Top

 Post subject: Re: Flying the Citation II
PostPosted: 26 Aug 2014, 12:49 
Offline


User avatar
 WWW  Profile




Joined: 12/19/11
Posts: 3307
Post Likes: +1434
Company: Bottom Line Experts
Location: KTOL - Toledo, OH
Aircraft: 2004 SR22 G2
Username Protected wrote:

Meanwhile, met with lender on a subdivision and they may be extra nice if I keep my balance sheet about where it is.



They don't need to know about your jet purchase the day after you close on the RE loan... :peace:

_________________
Don Coburn
Corporate Expense Reduction Specialist
2004 SR22 G2


Top

 Post subject: Re: Flying the Citation II
PostPosted: 26 Aug 2014, 13:02 
Offline


 Profile




Joined: 09/30/12
Posts: 193
Post Likes: +72
Company: Emmerson Asset Management
Location: T82 Fredericksburg, TX
Aircraft: F90 Blackhawk
Username Protected wrote:
Well, scratching my head on this again :)
When we flew last week we had to make a short hop from Tyler to Addison; then did the longer flight up to Tulaa, Fort Smith and back, then back to Tyler. Computed the fuel usage and the long leg was as conveyed before, but the short legs, ouch over 1600 pph!
Total 2.5 flight on the hobbs was almost 500 gallons of fuel.
So, I really have to think through usage and how much may be shorter legs. On the long legs at altitude, great; on the short legs down low: ouch!

Meanwhile, met with lender on a subdivision and they may be extra nice if I keep my balance sheet about where it is.

So, scratching my head again!


Dave,
I would sure consider keeping the lenders happy and putting off an airplane upgrade until your business venture is rock solid. Moving up the airplane food chain is a lot more fun when you're not sweating the financial side.
We've been blessed being able to fly KA's. Nothing wrong with watching the props turn a little longer.
Em


Top

 Post subject: Re: Flying the Citation II
PostPosted: 26 Aug 2014, 13:14 
Offline


User avatar
 WWW  Profile




Joined: 12/19/11
Posts: 3307
Post Likes: +1434
Company: Bottom Line Experts
Location: KTOL - Toledo, OH
Aircraft: 2004 SR22 G2
Username Protected wrote:
Well, scratching my head on this again :)
When we flew last week we had to make a short hop from Tyler to Addison; then did the longer flight up to Tulaa, Fort Smith and back, then back to Tyler. Computed the fuel usage and the long leg was as conveyed before, but the short legs, ouch over 1600 pph!
Total 2.5 flight on the hobbs was almost 500 gallons of fuel.
So, I really have to think through usage and how much may be shorter legs. On the long legs at altitude, great; on the short legs down low: ouch!


BTW, I greatly appreciate your realism that you are sharing the reality of turbine ownership with real world #'s, Dave. Most turbine guys you actually talk to only ever quote their best FF and efficiency #'s at cruise or LRC and neglect to tell the realities of what happens when ATC forces them down low or they have a short trip or a hundred other factors that occur to make the actual overall avg fuel burn and TCO much higher than 'best case scenario'.

Your reaction above to the jet 'short hop' is the same reaction I currently have when running #'s on TPs at lower than desired altitudes or short distance trips. You've probably grown accustomed to that in the KA but it's still shocking to me to see how badly a turbine wants to operate up high and the efficiency penalty you pay at lower altitudes. Of course, this is much more the case with turbofans...

_________________
Don Coburn
Corporate Expense Reduction Specialist
2004 SR22 G2


Top

Display posts from previous:  Sort by  
Reply to topic  [ 4188 posts ]  Go to page Previous  1 ... 7, 8, 9, 10, 11, 12, 13 ... 280  Next



B-Kool (Top/Bottom Banner)

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  

Terms of Service | Forum FAQ | Contact Us

BeechTalk, LLC is the quintessential Beechcraft Owners & Pilots Group providing a forum for the discussion of technical, practical, and entertaining issues relating to all Beech aircraft. These include the Bonanza (both V-tail and straight-tail models), Baron, Debonair, Duke, Twin Bonanza, King Air, Sierra, Skipper, Sport, Sundowner, Musketeer, Travel Air, Starship, Queen Air, BeechJet, and Premier lines of airplanes, turboprops, and turbojets.

BeechTalk, LLC is not affiliated or endorsed by the Beechcraft Corporation, its subsidiaries, or affiliates. Beechcraft™, King Air™, and Travel Air™ are the registered trademarks of the Beechcraft Corporation.

Copyright© BeechTalk, LLC 2007-2025

.Wentworth_85x100.JPG.
.geebee-85x50.jpg.
.rnp.85x50.png.
.jandsaviation-85x50.jpg.
.sierratrax-85x50.png.
.kadex-85x50.jpg.
.airmart-85x150.png.
.b-kool-85x50.png.
.bullardaviation-85x50-2.jpg.
.tat-85x100.png.
.bpt-85x50-2019-07-27.jpg.
.dbm.jpg.
.headsetsetc_Small_85x50.jpg.
.garmin-85x200-2021-11-22.jpg.
.performanceaero-85x50.jpg.
.holymicro-85x50.jpg.
.MountainAirframe.jpg.
.planelogix-85x100-2015-04-15.jpg.
.ssv-85x50-2023-12-17.jpg.
.saint-85x50.jpg.
.jetacq-85x50.jpg.
.pdi-85x50.jpg.
.KingAirMaint85_50.png.
.boomerang-85x50-2023-12-17.png.
.daytona.jpg.
.tempest.jpg.
.centex-85x50.jpg.
.puremedical-85x200.jpg.
.ocraviation-85x50.png.
.blackhawk-85x100-2019-09-25.jpg.
.Wingman 85x50.png.
.CiESVer2.jpg.
.wilco-85x100.png.
.aviationdesigndouble.jpg.
.AAI.jpg.
.SCA.jpg.
.shortnnumbers-85x100.png.
.KalAir_Black.jpg.
.aerox_85x100.png.
.blackwell-85x50.png.
.traceaviation-85x150.png.
.kingairnation-85x50.png.
.concorde.jpg.
.gallagher_85x50.jpg.
.mcfarlane-85x50.png.
.Elite-85x50.png.
.temple-85x100-2015-02-23.jpg.
.wat-85x50.jpg.
.midwest2.jpg.
.Latitude.jpg.
.stanmusikame-85x50.jpg.
.camguard.jpg.
.ABS-85x100.jpg.