Demystifying Sales Tax and Use Tax for Airplane Purchases.
It’s safe to say that taxes are confusing. The federal government and state governments each have their own property, income, sales, use,...
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Articles.
Poor Choices in Ownership Structure Will Create Tax Liabilities.
When contemplating an aircraft purchase, a potential owner has to consider the ownership structure that will best suit their needs....
The Common Carrier Exemption.
One thing appears to be certain as the California Legislature forces the aircraft industry to suffer the loss of two forms of exemption...
California Aviation Tax Help: Don't Change the Title of Your Aircraft!
Recently I had a client that changed the LLC name that owned his aircraft because the Secretary of State said it was too close to another...
The Principal Use Test Redefined.
There is a tremendous amount of rumor swirling around the State of California since the regulations pertaining to vehicles, vessels, and...
Brokers May Be Held Liable for Sales Tax.
During a recent discussion with a business owner, he told me he was not required to have a seller’s permit because he was a broker and...
Fly-Away Exemptions You Need to Know About.
No matter what their size, aircraft are specialized and highly-engineered pieces of machinery with high price tags to match. Those high...
Advice About Taxes on Boats Can Save Thousands of Dollars!
Is there really a legal way to avoid sales or use tax on a boat, yacht, or sailboat? I have heard plenty of bad advice on avoiding sales...
California Sales and Use Tax on Aircraft Purchases: A Challenge Best Left to Professionals.
Anyone who buys or flies an aircraft in California is subject to taxation, but specialists can help purchasers save thousands of dollars....
6 Tips for A Smart Aircraft Purchase. (Interview with a CA Aircraft Tax Attorney!)
Aircraft are never a small purchase, and the price tag gets very big, very fast. Like any big purchase, you need to be smart about the...
The Truth About Using a Common Carrier Exemption.
Often people ask my opinion of the various exemptions that can be used to exempt an aircraft from California sales and use tax. I have a...
The Hazards of Multi-State Aircraft Purchases.
The whole point of owning an airplane is the mobility that it gives you or your company. That mobility means many airplane owners find...
Where Should I Take Possession of My Aircraft?
Definition of physical possession: This is where a party representing the seller (or the seller himself) and a person representing the...
Misapplying the CDTFA Guidance May Result In Sales and Use Tax Liability.
A recent case demonstrated how taxpayers can be at a disadvantage when it comes to understanding how to legally avoid sales and use tax...
5 Simple Reasons to Hire an Aircraft Tax Professional.
Aircraft always come with a hefty price tag. If you’re already paying that much, then you might be wondering why it’s worth your time or...
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