The NATA and NBAA are hoping to convince the IRS to put a hold on audits of aircraft management companies until the agency can develop better guidance on the application of the commercial federal excise tax (FET) on aircraft management services. The IRS has conducted numerous audits, and management companies have faced a range of tax bills – some believed to be close to seven figures — after the agency last year issued guidance indicating that aircraft management services are considered ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "IRS Hold Sought On Aircraft Management Company Audits".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.