Charter & Fractional
IRS Scrutinizing Charter Air Broker Involvement in FETs
Tax expert Nel Stubbs stresses operators and brokers must clearly spell out tax responsibilities to avoid potential IRS pitfalls.

The IRS has been scrutinizing the collection of federal excise taxes (FETs) when brokers are involved, business aviation tax expert Nel Stubbs said, and she advises operators and brokers to clearly spell out collection responsibilities in their contracts. Speaking during the Conklin & de Decker/NATA Commercial Operators Tax Seminar yesterday in Chantilly, Va., Stubbs noted that as the Department of Transportation delays development of charter broker regulations, the IRS “is already looking at brokers.” 


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