taxes

Like the title says, I'm buying my first airplane and I can't seem to make sense of how the taxes work. I'm in Texas and I'm trying to purchase an out of state aircraft. This is a person to person purchase so I'm not buying from a business. When and where do I pay the taxes on this? How do I...

Sorry if this has already been discussed. Please direct me to the correct thread if it has been. I am considering buying my first airplane and I am just trying to figure out the process and all the costs associated with the purchase. I know about sales tax and I've recently learned in Georgia...

I know federal excise tax (FET) is still charged for flights between the United States and Canada, if the point in Canada is within the 250 mile zone. A few random questions on this... 1) Is FET charged on customs user fees, INS fees, and APHIS fees? 2) Is FET charged on Canadian airport...

Our EAA chapter hasn’t been filing our state forms for a while and I’m not sure if we have been filing the federal forms. I know from the news that journalists can get copies of non-profit tax returns but it isn’t obvious to me how find ours—if we filed any. I need IRS Form 990-N for the past 9...

What is the aircraft ownership gouge by the State of Minnesota? Any personal property tax on aircraft or hangar? I understand there is a registration fee. I haven't been able to figure out how much that is, or exactly what it is based on. Any Minnesotan who can enlighten me?

(Full post here) So I went to do my 2018 taxes yesterday. It is the very opposite of the Christmas song "It's the Most Wonderful Time of the Year." I hate all things to do with money -- especially paying it to the government. After all, you need money to fly. Lots of money. Aviation is mostly...

If a $100k aircraft is purchased from a private individual in CA (which has fly-away exemption for sales tax) and stored in AZ (which has use tax exemption for a tangible personal property purchased through casual sale), is there any tax liability to the buyer?

Tallying up my hours it would seem I'm not too far off from making a push towards getting my Commercial ticket and pursuing my CFI rating. Obviously building those hours is a significant expense towards a future career. Unfortunately since most of us work a "real" career the IRS sees our flying...