by argoodlw | Jul 27, 2012 | Aircraft Business, Aircraft Sales Tax, Aviation News, New Legislation, Other Tax
Florida legislators wisely passed a law that expanded the pre-existing tax exemption for aircraft maintenance costs, including equipment used in repairs. This is great news for general aviation aircraft owners and business aircraft operators. The law was initially...
![IRS Federal Excise Tax Surprise – New Rules For Aircraft Management Companies?]()
by argoodlw | Jul 9, 2012 | AIRCRAFT EXCISE TAX, Internal Revenue Service, New Legislation
The IRS’ new view of federal excise tax on aircraft management services in unwelcome indeed. To recap, in an IRS Chief Counsel Memorandum Re Federal Excise Tax and Aircraft Management Companies, the IRS is taking the position that aircraft services such as...
