General tax advisors (non-aviation specialists) are often not familiar with the issue of Federal Excise Taxes applicable to general business aviation. While they may have handled tax audits, they are not familiar with customary issues and structures in the business aviation industry. All too often we see structures that have been improperly set up and inadvertently expose aircraft owners to Federal Excise Tax liability (even for Part 91 operations).
Because of our depth of tax expertise and experience in these areas, we take Federal Excise Tax into account in all ownership and operating structures.
New Federal Excise Tax Liabilities for Whole Aircraft Operations
Under FAR Part 91 and for Fractional Ownership
Charging for use of Corporate Aircraft: Federal Excise Taxes
Reimbursement for Personal Use of a Business Aircraft: The FAA vs. The IRS
Use of Special Purpose Entity for Aircraft: A Trap for the Unwary
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