Taxes Financing, Insurance and Taxes
Tax issues for aircraft operators.
The Internal Revenue Service recently published Revenue Procedure 2003-85, which provides inflation-adjusted items for 2004.
The Rhode Island division of taxation issued a revised regulation regarding the application of a user tax to noncommercial aircraft in the state.
As a percentage of a $200 airline ticket, taxes and fees more than tripled between 1972 and 2004 thanks to inflation, a decline in the real cost of airline
The chief of the NTSB’s French counterpart is concerned that an increasing number of aircraft are flying under flags of convenience.
A letter from the Internal Revenue Service (IRS) can cause any taxpayer’s heart to skip a beat.
Republican lawmakers have taken steps to shelve new tax rules in the 2005 Highway Bill designed to discourage truckers from using jet fuel to avoid higher
Business aviation groups welcomed a letter from the FAA to the commissioner of internal revenue asking him to suspend implementation of new fuel tax rules
The current Standard Industry Fare Level (SIFL) rates in effect from July 1 through December 31 are: 0 to 500 sm–$0.1926; 501 to 1,500 sm–$0.1469; and more
The 2004 American Jobs Creation Act could have entirely the opposite effect on business aviation due to an “overreaching” IRS interpretation that’s causing
More detailed reporting of top executive compensation, including such perquisites as personal use of corporate aircraft, is the aim of new proposals from t