We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
In cooperation with Association of Corporate Counsel
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-10 of 69

Get the FATCA outta here? Not likely

  • Vedder Price PC
  • -
  • USA
  • -
  • April 9 2014

Despite several delays, it seems almost certain that the "Foreign Account Tax Compliance Act"1 (FATCA) will finally go into effect on July 1, 2014

Company jet audit issues: a word to the wise

  • McDermott Will & Emery
  • -
  • USA
  • -
  • March 17 2014

Once a business attains a certain level of success, an aircraft often becomes a valued asset. Public and closely held private companies alike find

Proposed Tax Code changes hurt aircraft industry

  • Wiley Rein LLP
  • -
  • USA
  • -
  • March 14 2014

A plan to overhaul the U.S. Tax Code proposed by House Ways and Means Committee Chairman Dave Camp would reduce or eliminate critical incentives

Missouri legislature considers proposals to extend sales tax exemption on aircraft replacement parts

  • Spencer Fane Britt & Browne
  • -
  • USA
  • -
  • March 6 2014

Both the Missouri House and Senate are currently considering bills that would extend indefinitely the exemption of aircraft replacement parts from

Standard industry fare level (SIFL) for first half of calendar year 2014

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • February 25 2014

The U.S. Department of Transportation recently revised SIFL rates for the six-month period from Jan. 1, 2014, to June 30, 2014. These rates are

Report to IRS is required for sales not paid by personal check or bank wire

  • Spencer Fane Britt & Browne
  • -
  • USA
  • -
  • February 12 2014

Federal regulations make most aircraft sellers subject to mandatory reporting requirements when they are involved in transactions of more than $10

Game over: private aircraft expense deductions disallowed under hobby loss rules

  • Wiley Rein LLP
  • -
  • USA
  • -
  • December 19 2013

Ed Heinbockel, one of the creators of the classic "Leisure Suit Larry" video game series, had a case in the U.S. Tax Court. Like the title

Income from qualified airport development project not subject to Indiana corporate income tax, but Taxpayer must claim and support it properly

  • Faegre Baker Daniels
  • -
  • USA
  • -
  • November 24 2013

The Department assessed additional corporate income tax against Taxpayer ("AirCo"), a C Corporation operating in Indiana. The Department found that

Use tax due on aircraft purchased in Nevada, registered in Montana and used (at least part time) in Indiana, but LLC avoids fraud and negligence penalties

  • Faegre Baker Daniels
  • -
  • USA
  • -
  • October 5 2013

Next Thursday, October 10th, I am presenting an update on Indiana sales and use tax at an Aviation Law program, where I will discuss this ruling. In

Business aircraft issues will receive IRS priority attention

  • Wiley Rein LLP
  • -
  • USA
  • -
  • September 10 2013

The U.S. Department of the Treasury (Treasury) and the U.S. Internal Revenue Service (IRS) released their 2013-2014 Priority Guidance Plan, which