24 Jun 2025, 06:42 [ UTC - 5; DST ]
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Post subject: Re: Flying the Citation II Posted: 23 Aug 2014, 21:54 |
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Joined: 03/09/11 Posts: 556 Post Likes: +127 Company: Aviation Tax Consultants LLC Location: Scottsdale, AZ
Aircraft: Cirrus
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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
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Post subject: Re: Flying the Citation II Posted: 23 Aug 2014, 22:41 |
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Joined: 12/16/07 Posts: 18660 Post Likes: +28843 Company: Real Estate development Location: Addison -North Dallas(ADS), Texas
Aircraft: In between
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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
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Post subject: Re: Flying the Citation II Posted: 24 Aug 2014, 00:08 |
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Joined: 07/17/11 Posts: 2474 Post Likes: +1152 Location: Dallas, TX
Aircraft: Airbus, King Air 350
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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
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Post subject: Re: Flying the Citation II Posted: 24 Aug 2014, 17:27 |
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Joined: 03/09/11 Posts: 556 Post Likes: +127 Company: Aviation Tax Consultants LLC Location: Scottsdale, AZ
Aircraft: Cirrus
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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
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Post subject: Re: Flying the Citation II Posted: 24 Aug 2014, 17:33 |
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Joined: 07/30/12 Posts: 2388 Post Likes: +364 Company: Aerlogix, Jet Aeronautical Location: Prescott, AZ
Aircraft: B-55, RV-6
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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.
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Post subject: Re: Flying the Citation II Posted: 26 Aug 2014, 09:48 |
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Joined: 03/09/11 Posts: 1764 Post Likes: +825 Company: Wings Insurance Location: Eden Prairie, MN / Scottsdale, AZ
Aircraft: 2016 Cirrus SR22 G5
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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
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Post subject: Re: Flying the Citation II Posted: 26 Aug 2014, 10:29 |
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Joined: 03/09/11 Posts: 556 Post Likes: +127 Company: Aviation Tax Consultants LLC Location: Scottsdale, AZ
Aircraft: Cirrus
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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
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Post subject: Re: Flying the Citation II Posted: 26 Aug 2014, 12:04 |
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Joined: 12/16/07 Posts: 18660 Post Likes: +28843 Company: Real Estate development Location: Addison -North Dallas(ADS), Texas
Aircraft: In between
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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
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Post subject: Re: Flying the Citation II Posted: 26 Aug 2014, 12:12 |
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Joined: 02/11/14 Posts: 582 Post Likes: +25 Location: KCOE/KSFF
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Dave,
What was your altitude on the short leg "down low"?
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Post subject: Re: Flying the Citation II Posted: 26 Aug 2014, 12:20 |
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Joined: 06/09/09 Posts: 4438 Post Likes: +3304
Aircraft: C182P, Merlin IIIC
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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.
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Post subject: Re: Flying the Citation II Posted: 26 Aug 2014, 12:21 |
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Joined: 01/25/08 Posts: 411 Post Likes: +155 Company: Bison Aviation, LLC Location: San Antonio & Kansas City
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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
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Post subject: Re: Flying the Citation II Posted: 26 Aug 2014, 12:49 |
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Joined: 12/19/11 Posts: 3307 Post Likes: +1434 Company: Bottom Line Experts Location: KTOL - Toledo, OH
Aircraft: 2004 SR22 G2
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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... 
_________________ Don Coburn Corporate Expense Reduction Specialist 2004 SR22 G2
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Post subject: Re: Flying the Citation II Posted: 26 Aug 2014, 13:02 |
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Joined: 09/30/12 Posts: 193 Post Likes: +72 Company: Emmerson Asset Management Location: T82 Fredericksburg, TX
Aircraft: F90 Blackhawk
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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
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Post subject: Re: Flying the Citation II Posted: 26 Aug 2014, 13:14 |
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Joined: 12/19/11 Posts: 3307 Post Likes: +1434 Company: Bottom Line Experts Location: KTOL - Toledo, OH
Aircraft: 2004 SR22 G2
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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
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