Friday, July 20, 2007

AeromarineTaxPros.com: Is There a Legal Way To Avoid Sales Tax?

Every person who has contemplated an aircraft purchase in the last few years has asked the question, "Is there a legal way to avoid sales tax?" Most of these people ponder this question with the same seriousness as "Will I win the Lotto tonight?"
Many people have heard the horror story of a friend who tried one of those schemes and would wind up with penalties and interest that doubled or tripled the tax. A few have been embarrassed when their attorneys and CPAs laughed at them for asking the question.
People who purchase aircraft fall into one of the following categories.
1. Those who hope they can avoid sales tax on their upcoming purchase.
2. Those who pay the sales tax.
3. Those who tried and failed to avoid sales tax on their last purchase.
4. View the rest of this article


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