Field-effect transistor

June 24, 2014 - 2:50pm

An NPRM from the Treasury Department on the assessment of federal excise taxes (FET) in the aircraft management industry could be issued as early as August, according to Jorge Castro, a consultant to the National Air Transportation Association. Speaking at the group’s annual Air Charter Summit in Washington, D.C., last week, he told the audience that dialog has heated up between the Internal Revenue Service and FAA regarding regulation of the FET laws.

May 21, 2013 - 2:05pm

The U.S. Internal Revenue Service has agreed to suspend possible tax assessments against aircraft management companies now undergoing federal excise tax (FET) audits.

 
X