Category Archives: Uncategorized

Federal Excise Taxes–Business Aircraft

Federal excise taxes (FET) are taxes imposed on either fuel or on the transportation of persons or property. Both private and commercial business aircraft operators pay FET. Most private operators operating under Part 91 pay FET (fuel tax) on non-commercial flights. Commercial operators, those persons operating under Part 135, are subject to the tax on […]

Leave a comment

Revenue Procedure 2010-13, Rev. Proc. 2010-13, Passive Activity Issues

The Internal Revenue Service (IRS) recently issued Revenue Procedure 2010-13. This Rev. Proc. requires taxpayers to file a statement that is attached to their income tax return that declares that separate activities are grouped together for purposes of the passive-loss rules. If this statement is not attached to the return the IRS could contend that […]

Leave a comment

Business Aviation Tax and FAA Compliance Resource

This is the blog at airplanecounsel.com.  This blog will have short articles and resources that deal with business aviation issues in the areas of tax and FAA compliance. Thank you for visiting airplanecounsel.com.

Leave a comment