Aircraft Taxes: Navigating the Shoals of Taxation

With the growing complexity of myriad federal, state and local taxes and fees, and the increasing intensity with which they are enforced, there was plenty to discuss at the Commercial Operators Tax (COT) seminar, held September 7 and 8 in Scottsdale, Ariz. Co-sponsored by Conklin & de Decker and the National Air Transportation Association (NATA), the event attracted business aircraft owners, operators and management companies.

Much of the seminar was directed toward aircraft management companies who are typically also Part 135 certificate holders, FBOs and MRO providers. Thus they benefit from knowledge of FARs, IRS rules, insurance, state and federal tax issues.

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