Epstein Secrets

anaged Aircraft The Tax Bill also amends IRC § 4261 by adding a=new subsection to clarify that owner flights on managed aircraft are not s=bject to Federal Transportation Excise Tax (FET) ticket tax, but rather ar= subject to the non-commercial fuel tax. This issue has been the subject of controversy for more than 60 years, and=

d we would hope that this provision wo=ld reinforce that approach. Acknowledgments 4 EFTA_R1_01793997 EFTA02604152 This article was written by NBAA Tax Committee membe=s John B. Hoover, Cooley LLP, and Ruth Wimer, Winston & Strawn LLP, wi=h thanks to Richard C. Farley, Jr., PwC, and Jeff Wieand, Boston Jet Se

anaged Aircraft The Tax Bill also amends IRC § 4261 by adding a ne= subsection to clarify that owner flights on managed aircraft are not subj=ct to Federal Transportation Excise Tax (FET) ticket tax, but rather are s=bject to the non-commercial fuel tax. This issue has been the subject of controversy for more than 60 years, and=

ees with respect to owner flights and we would hope that this provision wo=ld reinforce that approach. Acknowledgments This article was written by NBAA Tax Committee membe=s John B. Hoover, Cooley LLP, and Ruth Wimer, Winston & Strawn LLP, wi=h thanks to Richard C. Farley, Jr., PwC, and Jeff Wieand, Boston Jet Se

iscuss. 2 EFTA_R1_01655969 EFTA02519672 Tom From NBAA.... On May 16, 2013, the IRS informally announced tha= it will suspend the assessment of Federal Transportation Excise Tax (FET) on owner flights on aircraft managed by aircraft management compa=ies. In a new article, NBAA Tax Committee Member John Hoover reviews t=e im

d the assessment of Federal Transportation Excise Tax (FET) on owner flights on aircraft managed by aircraft management compa=ies. In a new article, NBAA Tax Committee Member John Hoover reviews t=e implications of this suspension on assessments, summarizes meetings and =fforts by NBAA leading up to this suspensio