NBAA, NATA Seek Further IRS Guidance on Management Fees | Aviation International News

Regulations and Government

NBAA, NATA Seek Further IRS Guidance on Management Fees

A recent IRS publication did not appear consistent with a recently passed tax measure on aircraft management fees.

By Kerry Lynch • Editor, AIN monthly magazine

June 5, 2018

NBAA and NATA are asking the IRS to provide guidance on the implementation of a recently passed tax measure that was designed to clarify the tax treatment of aircraft management fees. The provision, included in the Tax Cuts and Jobs Act, essentially exempts management fees from the application of the commercial air transportation federal excise tax. “While the congressional intent of the provision is clear, there are areas where additional guidance or scenarios will be helpful for tax administration,” the associations said in a letter to the IRS.

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