Planes, Yachts & Automobiles: Depreciation Rules for Listed Property Under IRC §280F
Is that business jet, RV, yacht or luxury automobile really deductible?
This course tackles the tricky terrain of listed property depreciation, helping tax professionals navigate IRC §280F with confidence and clarity. Whether your client is flying high, cruising the coast, or hitting the highway, this session will help you determine what qualifies, what doesn’t, and how to keep the IRS at bay.
Listed property generally includes passenger automobiles, business aircraft, other transportation property, and property used for entertainment, recreation, or amusement.
After completing this course, participants should be able to:
In this course, you’ll learn how to:
• Apply the Qualified Business Use (QBU) tests for aircraft, automobiles, yachts, and RVs
• Distinguish between personal use and deductible business use
• Calculate depreciation limits and apply ADS when needed
• Avoid costly depreciation recapture under §280F(b)
• Meet the strict substantiation requirements of IRC §274(d)
• Handle entertainment use, commuting rules, and luxury vehicle caps
Who should attend:
This course is designed for CPAs, enrolled agents, tax attorneys, tax preparers, financial professionals, and business advisers who assist clients with aircraft, automobiles, yachts, RVs, or other listed property. Business owners considering the acquisition or use of high-value transportation assets may also benefit.
2 IRS CE Hours
Prerequisites: None
Program Level: Basic
Advanced Preparation: None
Field of Study: Taxes
Location: Virtual
Delivery Method: Self Study
Your Instructor
Victoria Boon, CPA, EA
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.
All Self Study must be completed by 12/31/2026 to receive IRS CE Credit
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