Good news, notes Attorney Troy Rolf. The General Assembly of the State of New York recently passed, and Governor Andrew Cuomo signed, sweeping tax changes with positive impact for owners and operators of aircraft. Sales and Use Tax Update New York Reform
Keith Swirsky describes in layman’s terms the benefits and complications of deferring taxable gains from selling an existing business aircraft and replacing it with another business aircraft. Like Kind Exchanges May 15 2015
Carriers continue to pursue demurrage and detention claims against shippers and NVOCCs. Indeed, it appears that many carriers view demurrage and detention claims as profit centers in an otherwise difficult ocean transportation environment. In such an environment, it is important for NVOCCs to recognize that there are a variety of defenses against such potentially catastrophic […]
Hotel Contracts
What should owners know about placing their business aircraft on a management company’s charter certificate? Keith Swirsky concludes his three part discussion series. Chartering your Aircraft 3 of 3
Supreme Court Gives Obama Opening for New Regulations Without Notice and Comment Rulemaking
Keith continues his discussion of the many tax issues that arise when owners place their business aircraft on a management company’s charter certificate. Chartering your Company Aircraft: Have you considered the Tax Issues? Part 2
What should owners know about placing their business aircraft on a management company’s charter certificate? Keith Swirsky opens a three-part discussion series. Chartering your Company Aircraft: Have you considered the Tax Issues?
Recently one of our trade association clients learned that bankruptcies can be painful for creditors, sometime even years after the debtor files for bankruptcy. Our client only discovered that a judgment in excess of $86,000 had been entered against it as a result of a preference action (a suit by a debtor or its trustee […]
Careful implementation and thorough recordkeeping are essential when supporting tax deductions. A Necessity when Claiming Deductions