An aviation tax attorney provides transaction structuring and tax planning advice to clients for the purchase, lease, and operation of aircraft. The typical transaction structuring services an aviation attorney provides include negotiating and drafting aircraft purchase and sale agreements, assisting in the selection of the aircraft broker, lender, management/charter company, insurance, and conducting business valuation of aviation industry companies . Tax planning services of an aviation tax attorney may include offering federal and state tax advice and conducting forward and reverse like-kind exchanges. The implementation of the right tax planning strategy can save an aircraft owner/operator millions of dollars by maximizing federal income tax deductions and minimizing state sales and use tax liability. Many aviation tax attorneys also provide legal services in connection with operational, regulatory, compliance, and audit matters.