[Mark McConaughy]

Well,

the whole thing I'm trying to get across is you need to be careful about how you do leases, the reason the FAA tracks that so close is they are looking for illegal 135, (or 134 1/2) operations. As is illistrated in the article Jim Stack Referenced there are some things you would think would be 91 that are not. If you own a business and are trying to do this for tax purposes, you should run the whole thing by a tax atty. and an aviation atty. As they say, there are 97 FSDOs and 97 FAA's. An atty can help you get to the answer that all of the FAA sould accept.

In addition, it is good to note that the FAA like the IRS will tell you they are not responsible for advice they give you. The only person in the FAA who can interpret FARs/Federal Law is The Deputy Chief Council for Regulation in Washington. What ever you get from your local FSDO or inspector is just their opinion. Well,

the whole thing I'm trying to get across is you need to be careful about how you do leases, the reason the FAA tracks that so close is they are looking for illegal 135, (or 134 1/2) operations. If you own a business and are trying to do this for tax purposes, you should run the whole thing by a tax atty. and an aviation atty. As they say, there are 97 FSDOs and 97 FAA's.

In addition, it is good to note that the FAA like the IRS will tell you they are not responsible for advice they give you. The only person in the FAA who can interpret FARs/Federal Law is The Deputy Chief Council for Regulation in Washington. What ever you get from your local FSDO or inspector is just their opinion, nothing more.