Associations
NATA Holds Breakthrough Meeting With IRS On Federal Excise Tax Issue
Alexandria, VA, May 16, 2013 – The Internal Revenue Service (IRS) today informed the National Air Transportation Association (NATA) that the agency will suspend potential assessments associated with current ongoing audits of aircraft management companies that are facing significant uncertainty as to their potential Federal Excise Tax (FET) liability.
Moreover, the IRS indicated that it would move forward toward developing new guidelines on the application of FETs with respect to this issue...
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- NATA Holds Breakthrough Meeting With IRS On Federal Excise Tax Issue
Press Release • May 17th, 2013
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