Escaping Newly Enacted Socially Controversial Laws
Escaping Newly Enacted Socially Controversial Laws
GKG Law Wins Major Victory for NVOCCS – Third Circuit Holds Contractual Maritime Liens Are Enforceable
In a case handled by GKG Law, the United States Court of Appeals for the Third Circuit recently held that contracts extending a non-vessel operating common carrier's (NVOCC's) common law maritime liens are enforceable as written. The decision is a major victory for NVOCCs and reinforces the benefit to carriers of utilizing expansive lien language […]
Legal Compliance in a Rapidly Changing World
Legal Compliance in a Rapidly Changing World
Potential Impacts of the STB’s Busy 2016 Agenda on Coal Shippers
GKG Law Principal Tom Wilcox gave a presentation at the National Coal Transportation Association Spring General Conference on April 12, 2016. Attached are the slides for Mr. Wilcox's presentation. NCTA Spring Conference 2016
Defending a Federal (IRS) Income Tax or Excise Tax Audit or a State Sales and Use Tax Audit/Federal Excise Tax Update
This webinar consisted of two parts: (i) Part 1 will provide a detailed overview of the process of preparing for, participating in, and defending a federal income/excise tax audit and a state sales and use tax audit of an aircraft owner or operator. The webinar will include a discussion of the process and procedure utilized […]
Integrating Like-Kind Exchanges into an Aircraft Transaction
The agenda features highly regarded speakers that are experts in aviation finance, aircraft utilization options, regulatory topics, and tax planning and risk management. With business aviation having a global footprint, the conference also provides strategies for evaluating aircraft registry options and managing complex international tax issues. Integrating Like-Kind Exchanges into an Aircraft Transaction
Options for Allowing Third Parties to Use Your Aircraft – Income Tax, Excise Tax and Sales Tax Considerations
This webinar will provide an overview of (i) options available in connection with allowing affiliated persons and unaffiliated third parties to utilize a business aircraft including Part 135 aircraft charter, aircraft time sharing and interchange arrangements under Part 91.501, and aircraft dry leases under FAR Part 91, with a discussion of specific income tax, excise […]
A Broader Tax Exemption – Excluding Income Related to Governmental Functions
There is a little-known section of the Code that excludes almost all revenue from the definition of "gross income." Moreover, if the revenue of an exempt organization qualifies for exclusion under this provision, the organization can be exemt from filing annual Forms 990. The exclusion provided by this rarely used Code section covers a much […]
SOLAS Container Weight Verification Requirements
SOLAS Container Weight Verification Requirements
Bonus Depreciation Update/Tax-Free Aircraft Exchanges under Code Section 1031
Bonus Depreciation Update/Tax-Free Aircraft Exchanges under Code Section 1031