by argoodlw | May 21, 2013 | Aircraft Business, AIRCRAFT EXCISE TAX, Aircraft Income Tax Rules, Aviation News, general aviation
The Internal Revenue Service (IRS) is suspending tax assessments applied to aircraft management companies during federal exercise tax (FET) audits while it develops additional guidance for auditing aircraft management operations. The suspension is the result of...
![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...
