IRS Set to Publish Final Rule on Federal Excise Tax | Holland & Knight LLP
To embed, copy and paste the code into your website or blog: The Internal Revenue Service (IRS) is expected soon to publish its final rule on federal excise tax (FET) exemption for aircraft management companies and owners. The IRS pre-published final rules incorporate several significant changes suggested by National Business Aviation Association (NBAA) to eliminate potential confusion and provide clear standards for taxpayers and the government. The final rule is pending publication in the Federal Register. The NBAA announced that its advocacy effort, headed by Holland & Knight Partner and ...