NBAA Seeks Input about IRS Applying Ticket Taxes to Aircraft Management Fees

AINalerts » August 28, 2014
August 28, 2014, 3:13 PM

NBAA is challenging the IRS’s position that the 7.5-percent ticket tax applies to Part 91 operations where the aircraft owner retains a management company. It has taken the dispute to the IRS itself, as well as the Treasury Department and Congress, saying these aircraft owners “simply hired a management company to provide certain support services” and shouldn’t be viewed as commercial operations subject to the ticket tax. To build grassroots support on this issue, NBAA is conducting a confidential survey of those involved in aircraft management services to gather their recent experiences with the IRS on federal excise tax audits.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.