Regulations and Government
IRS To Shelve Pending Audits on Aircraft Management Fees
NATA hailed the decision as a victory and a step toward the issue surrounding the taxation of aircraft management fees.

The IRS has decided to drop existing audits involving the assessment of commercial federal excise taxes (FET) on aircraft management activities, the National Air Transportation Association (NATA) said, lauding the move as a victory for aircraft management firms.


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