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Taxes

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AeromarineTaxPros.com: Advice About Taxes on Vessels Can Save Thousands of Dollars

By: Thomas Alston

Different salespeople will tell you different things. They believe what they are saying and in the absence of an audit their advice will never be discovered to be wrong. It is a question of whether a strategy to legally avoid or diminish taxes exists and(read entire article)
Viewed : 128 Times

AeromarineTaxPros.com: Brokers May Be Held Liable For Sales Tax

By: Thomas Alston

During a recent discussion with a business owner, he told me he was not required to have a seller’s permit because he was a broker and not a dealer. He said he called the California State Board of Equalization (Board) and they advised him he didn’t need a(read entire article)
Viewed : 122 Times

AeromarineTaxPros.com: Hook Up With The Tax Pros At The Beginning

By: Thomas Alston

When Michael Thibodeau contacted the California Board of Equalization (BOE) in search of advice, he thought he was taking a prudent action, never dreaming that the advice he got would lead to a ruinous tax bill.(read entire article)
Viewed : 118 Times

AeromarineTaxPros.com: Is There a Legal Way To Avoid Sales Tax?

By: Thomas alston

Every person who has contemplated an aircraft purchase in the last few years has asked the question, "Is there a legal way to avoid sales tax?" Most of these people ponder this question with the same seriousness as "Will I win the Lotto tonight?"(read entire article)
Viewed : 118 Times

AeromarineTaxPros.com: Legally Avoiding Sales and Use Tax on Aircraft Purchases -- A Challenge Best

By: Thomas Alston

Anyone who buys or flies an aircraft in California is subject to taxation, but specialists can help purchasers save thousands of dollars.(read entire article)
Viewed : 119 Times

AeromarineTaxPros.com: Out-of-State Affidavit Doesn't Exempt You From Filing a Tax Return For Aircra

By: Thomas Alston

Many sign affidavits when purchasing aircraft from a California retailer which allows them to make a purchase in a sales tax exempt manner. They probably have not been warned that subsequent to an audit of the retailer’s records the Board of Equalization(read entire article)
Viewed : 118 Times

AeroMarineTaxPros.com: Personal Property Exchanges

By: Michael Yesk

The tax deferred exchange offers businesses one of the last great opportunities to build wealth and save taxes. A business can dispose of its personal property, use all of the equity to acquire replacement personal property, defer the capital gain tax th(read entire article)
Viewed : 24 Times

AeroMarineTaxPros.com: The Dealer License Myth

By: Thomas Alston

Many times taxpayers call me when they receive a notice from the Board of Equalization; often they feel that they have been unfairly singled out. Many times they open the conversation with, “I have a dealer’s license. I don’t have to pay tax.” Unfortunate(read entire article)
Viewed : 159 Times

AeroMarineTaxPros.com: Transfer of Tangible Personal Property - Regulation 1595, Part 1

By: Thomas Alston

When contemplating the purchase of an aircraft, a potential owner must consider the ownership structure that will best suit their needs. Often, only afterwards, does the owner realizes they don't own the aircraft in the entity that is most beneficial for(read entire article)
Viewed : 55 Times

AeroMarineTaxPros.com: Transfer of Tangible Personal Property - Regulation 1595, Part 2

By: Thomas Alston

By transferring ownership of an aircraft from one entity or individual to another, a sales/use tax liability can be created. There are different types of transfers of ownership.(read entire article)
Viewed : 35 Times

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