Tax Matters

Aero & Marine Tax Pros Win Tax Exemption For New Client

Real Estate Professional Helped To Obtain Sales Tax Exemption On Plane

SACRAMENTO, CA: Aero & Marine Tax Professionals, a professional tax firm specializing in sales tax exemption for aircraft and marine vessels in California, has assisted a real estate company in the Bay area in procuring a sales tax exemption from the California Board of Equalization on the purchase of their airplane.

The real estate professional, John Adams, was very pleased with the exemption. “Because I am involved in residential rental real estate, the aircraft opened up small-town markets that I otherwise would not have been able to take advantage of. Now I can get into my plane and fly directly in rather than have to fly to a major town and work out the logistics, as a lot of the smaller towns are off the beaten track.”

“Working with Aero & Marine Tax Professionals went just great. They laid out a complete package for me to follow. I was able to do every step required. I had to answer some questions, and the State pushed back a couple times, but because of the complete documentation they had me get together I was able to answer all questions. You could say that after going through the process, I fully understand that I could not have gone through this on my own. And of course I would recommend them to others as well,” concluded Adams.

The president and founder of Aero & Marine Tax Pros, Mr. Tom Alston, stated “It was great working with John, and we were really happy with the end result. There are lots of good people out there who can benefit from learning more about the tax codes they live under before buying an aircraft or marine vessel. There are people who are paying too much for taxes, and it’s totally possible to legally avoid paying sales tax on an aircraft or vessel purchase. That’s what we’re here for.”

Aero & Marine Tax Professionals shows purchasers how to avoid sales tax, specifically how to avoid aircraft tax and vessel tax in California and to make certain the full value of their next aircraft, vehicle or vessel goes into their pocket--not the government's. They have successfully filed hundreds of tax returns with the California State Board of Equalization. Mr. Alston has also published many articles on sales and use tax. Their blog can be seen at http://aeromarinetaxpros.typepad.com.

Screw That-Simon Black

Another great article from our friend Simon Black

Sovereign Man

Notes from the Field

Date: May 1, 2012
Reporting From: Santiago, Chile

 Friedrich von Hayek, a major figure in the Austrian school of economics, wrote in his seminal work the Road to Serfdom,

"By giving the government unlimited powers, the most arbitrary rule can be made legal; and in this way a democracy may set up the most complete despotism imaginable."

It's hard to ignore Hayek's prescient warning when you hear about the US government's newest (and 17th) spy agency that it wants to roll out... because hey, 16 spy agencies just isn't enough.

Or the Transportation Security Administration 'aggressively screening' a 7-year old girl with Cerebral Palsy at JFK Airport in New York (causing the family to miss their flight)... and then later issuing a statement defending its agents' actions.

Or Congress authorizing the IRS and State Department to revoke US citizens' passports on suspicion of tax delinquency; as of last week, the bill has passed both the House and Senate, and is now awaiting a final agreement before going to the President for signature.

Then there was the National Defense Resources Preparedness executive order that President Obama signed last month-- an order which gives the federal government autocratic power to seize and redistribute all agricultural resources in the event of a national emergency.

When you step back and look at the big picture, the writing on the wall seems so clear, so obvious. In Western Europe and the United States in particular, bankrupt, insolvent governments will resort to any means necessary in order to maintain the status quo: keeping them in power at our expense.

This means continuing to reduce personal liberty, eliminate economic freedom, vanquish privacy, debase the currency, stifle innovation, eradicate financial opportunity, and destroy the savings and livelihoods of millions of people.

These tactics are not new, this time is not different. Empires on the slide have always resorted to cannibalism-- feeding off the productive class in order to keep the party going a little while longer.

In the fourth and fifth centuries (AD), for example, the Western Roman empire resorted to centrally planned labor allocation, price fixing, rapid currency devaluation, capital  controls, civil asset forfeiture, and tax rates that were so high that the few citizens who remained welcomed the invading barbarian hordes with open arms.

Most of the smart, productive Romans had already moved on to greener pastures long before. As the situation worsened, more and more people began to leave until there was a mass Exodus of over 90% of western Rome's population in its final decades.

Similarly, the Ottoman Empire, having reached the zenith of its expansion in the 16th century, established a massive, unsustainable bureaucracy that was far more costly than any other administrative hierarchy in history, including Rome's.

Soon Ottoman bureaucrats began to see the people as existing to provide them with position... rather than their position existing to support the people. Sound familiar?

Huge spending in the Ottoman Empire gave way to a massive public debt (on which they defaulted in 1875), which eventually begat currency debasement, inflation, an absurd tax system, and a substantial reduction in civil liberties.

History shows that freedom is almost always the price that societies pay to maintain the status quo and keep their rulers in power. When the system finally collapses under its own weight, though, things can go from bad to worse as the people cry out for CHANGE.

The French, for example, traded an absolute monarch in Louis XVI for an absolute dictator in Robespierre. Similarly, the Russians traded the empire of 'Bloody' Tsar Nicholas II for the Red Terror of Soviet Russia.

As the Russian Marxist revolutionary Leon Trotsky said in 1937, "The old principle of 'who does not work shall not eat' has been replaced by a new one-- who does not obey shall not eat."

Two words: Screw that.

Everybody has a choice to make. On one hand, we can either bury our heads in the sand, pretend that everything is OK, and continue being the boiling frog in the pot... just like the poor schmucks who stuck around Rome until the 5th century getting taxed out of their minds and watching their livelihoods inflate away.

On the other, we can recognize that the rise and fall of empires is part of history's normal cycle... that it's been happening for millennia, and this time is no different. We can look to the rest of the world and understand that, for all of the turmoil, this is one of the most exciting times to be alive and that the world is full of incredible opportunities.

Just like the Romans who left for Byzantium, the Ottomans who left for Europe, the Europeans who left for North America, there are always regions in the world that are rising while others are falling.

It's the people who get there first after acknowledging reality and basic historical truth that can reap the greatest reward.

 

 

 

Case Reversed In Client Favor Thanks To Aero & Marine Tax Professionals

Aero And Marine Tax Professionals Secure Tax Exemption Despite Unfavorable Initial Ruling

SACRAMENTO, CA: In a surprising turn of events, Aero & Marine Tax Professionals (http://www.aeromarinetaxpros.com/) represented a client in a case originally ruled by the California Board of Equalization as requiring the payment of an airplane tax of over $100,000, but Aero & Marine Tax Professionals was able to get the ruling overturned. The medi-flight client company qualified for the full exemption in the amended ruling.

An executive stated “We were working with the California Board of Equalization on an aircraft sale, and we were having difficulty. I told the owner to get ahold of Tom Alston. So he finally got in touch with Aero & Marine Tax Professionals, and they started directing traffic. We were a stranger in a strange land, and when you're in that position, it's a good thing to know someone that can do a much better job of things than you can.

“On this aircraft transaction, we didn't come to Aero & Marine Tax Professionals until after the fact. At that point in time, there was an assessment of over $100,000. Then we had to get them involved to un-ring a bell that had already been rung and the train had left the station. Even in that circumstance Aero & Marine Tax Professionals got it turned around. To me, that is meaningful. To resurrect something out of that is very, very unusual. I would definitely recommend them to others, and in fact I just did with a friend of mine.”

Tom Alston, CEO of the company, was also available for comment: “This was an unusual case. It is not every day we get a case that has actually been closed against the client. But I was pleased with how it went. We had to approach it differently but we still made it. We look forward to working with them again, as we have in the past.”

Aero & Marine Tax Professionals shows purchasers how to avoid sales tax, specifically how to avoid aircraft tax and vessel tax in California and to make certain the full value of their next aircraft, vehicle or vessel goes into their pocket--not the government's. They have successfully filed hundreds of tax returns with the California State Board of Equalization. Mr. Alston has also published many articles on sales and use tax. Their blog can be seen at http://aeromarinetaxpros.typepad.com.

Aero & Marine Tax Professionals Helps Real Estate Firm Get Sales Tax Exemption

International Real Estate Firm Gets Sales Tax Exemption On Purchase Of Cessna C-172S Airplane

SACRAMENTO, CA: Aero & Marine Tax Professionals (http://www.aeromarinetaxpros.com/) has obtained a sales tax exemption for an international real estate firm operating in California, on the purchase of a Cessna C-172S airplane.

An executive from the company commented on the need for the plane: “The airlines don't go to the places I need to go. For example, Laughlin, NV and Mulege, Mexico. I couldn't get there in a timely or efficient manner. In Mulege they actually have two airstrips, but both dirt fields. One is about a mile, or only a walk, to my place. The closest commercial field is, I guess, Loreto, which is about 80 or 90 miles to the south. And 80 miles on highway 1 is not like 80 miles on I-5. Figure about 5 hours, as you have to watch out for the cows and such.”

The executive commented on working with Aero & Marine Tax Professionals: “I had a lot of special issues. I never thought I could handle it myself and I had a lot of special things come up. Doing business in Mexico involves a lot of handshake and language gap. I needed a lot of extra help to make sure that everything was documented well enough for the tax board. I spent a lot of time on email and on the phone, but it was very rewarding. I couldn't throw a curve at Aero & Marine Tax Professionals, because they had handled everything before. They knew exactly how to handle it. I would recommend Aero & Marine Tax Professionals without hesitation! You can't do this yourself.”

Aero & Marine Tax Professionals shows purchasers how to avoid sales tax, specifically how to avoid aircraft tax and vessel tax in California and to make certain the full value of their next aircraft, vehicle or vessel goes into their pocket – not the government's. They have successfully filed hundreds of tax returns with the California State Board of Equalization. Mr. Alston has also published many articles on sales and use tax. Their blog can be seen at http://aeromarinetaxpros.typepad.com.

Plane Dollars and Sense Seminar - April 25, Aurora, OR

Plane Dollars and Sense Seminar

We’d like you to join us for dinner and learn about:

• Aircraft Insurance
• FAA WINGS Seminar
• Ownership Structures that maximize tax benefits
• California sales and property tax collectors are chasing aircraft registered outside California
• 1031 Exchange
• Maximizing IRS Deductions for Aircrafts

Location: Southend Corporate Airpark
14355 Keil Road, N.E., Aurora, OR 97002

When: April 25, 2012, 1-8 pm

The Airpark will be displaying: 2012 New Hawker 900XP, one of the most beautiful DC-3s, and a few other surprise airplanes.

This event is free. However, you must reserve your seat(s). Please contact Jullie at 916.691.9192 ext 118 or email her at jwatson@aeromarinetaxpros.com

 

Plane Dollars and Sense Seminar - April 16, Van Nuys, CA

Plane Dollars and Sense Seminar

We’d like you to join us for this informative and free seminar:

• Aircraft Insurance
• Ownership Structures that maximize tax benefits
• California sales and property tax collectors are chasing aircraft registered outside California
• 1031 Exchange
• Maximizing IRS Deductions for Aircraft

Location: Airtel Plaza Hotel
7277 Valjean Ave, Van Nuys, CA 91406

When: April 16, 2012, 10 am to 6 pm

This event is free. However, you must reserve your seat(s). Please contact Jullie at 916.691.9192 ext 118 or email her at jwatson@aeromarinetaxpros.com

 

Aero & Marine Tax Professionals Helps Real Estate Company Get Tax Exemption

Real Estate Company Obtains Sales Tax Exemption on Purchase of New Cessna C206 Aircraft

SACRAMENTO, CA: Aero & Marine Tax Professionals (http://www.aeromarinetaxpros.com/), a firm in northern California specializing in helping people avoid sales tax on the purchase of aircraft, has assisted a real estate company in southern California to legally support a claim for a tax exemption on the purchase of a Cessna C206 aircraft.

An executive from the company stated “I was exploring different real estate options. There are no commercial flights into the areas I was looking into. For instance, Minden, Nevada and one in Louisiana has no scheduled flights. I thought the folks at Aero & Marine Tax Professionals did a very professional job and made it easy for me. I am the kind of guy that tries to do things myself before I go to someone else, and I don't recommend that people do that in this case. If you had one little hiccup it would be a mess. Aero & Marine Tax Professionals saved me forty grand, and forty grand is forty grand. I have already recommended them to a friend of mine that is a commercial pilot.”

Tom Alston, founder of Aero & Marine Tax Professionals stated “The California Board of Equalization is being much more aggressive these days in terms of assessing tax. I have seen far too many instances, where we were not involved, where the whole case was lost on the minutest of details. But when you know all of the details of the process and keep updated on every change, you can have a record like ours. We’ve never lost a case.”

Aero & Marine Tax Professionals shows purchasers how to avoid sales tax, specifically how to avoid aircraft tax and vessel tax in California and to make certain the full value of their next aircraft, vehicle or vessel goes into their pocket--not the government's. They have successfully filed hundreds of tax returns with the California State Board of Equalization. Mr. Alston has also published many articles on sales and use tax. Their blog can be seen at http://aeromarinetaxpros.typepad.com.

Insurance Company Gets Tax Exemption on Plane Purchase

Aero & Marine Tax Professionals Assists California Insurance Company in Obtaining Sales Tax Exemption on Plane

SACRAMENTO, CA: Aero & Marine Tax Professionals, (http://www.aeromarinetaxpros.com/) a firm in Northern California specializing in helping people avoid sales tax on the purchase of aircraft, has assisted an insurance company in California to legally support a claim for a tax exemption on the purchase of a Beechcraft A36TC aircraft.

An executive from the company, Rick Martin, stated “I'd wanted to use a plane like this to get in closer contact with clients that are further away, rather than by phone. This way I can see them in person, often.

I'm a pilot, and I think there are significant financial advantages to flying yourself over commercial. The time savings is very substantial. It's convenient, I can fly direct to the airport that's nearest the client, rather than having to go to a hub and connect. The clients are scattered around, they aren't always near an international airport. This makes it possible to get right there, and back quickly.

“Aero & Marine Tax Professionals clarified the process for me in simple terms. They told me exactly what was necessary, and what I would be required to do. They promised to guide me through the process, which they did, every step of the way. It was easy to deliver the information requested. Price-wise it was very fair. I couldn't ask for any better. I would absolutely recommend Aero & Marine Tax Professionals to others. They are the hero of the day,” concluded Martin.

Tom Alston, founder of Aero & Marine Tax Professionals, stated “With testimonies like this I don’t think I need to say any more. This is what our company does, and we have a 100% success rate with clients who apply what we say to do.”

Aero & Marine Tax Professionals shows purchasers how to avoid sales tax, specifically how to avoid aircraft tax and vessel tax in California and to make certain the full value of their next aircraft, vehicle or vessel goes into their pocket--not the government's. They have successfully filed hundreds of tax returns with the California State Board of Equalization. Mr. Alston has also published many articles on sales and use tax. Their blog can be seen at http://aeromarinetaxpros.typepad.com.

Electric Company Receives Sales Tax Exemption on Purchase of Plane

Aero & Marine Tax Professionals Helps Secure Another Tax Exemption On The Purchase Of A Plane

SACRAMENTO, CA: Aero & Marine Tax Professionals (http://www.aeromarinetaxpros.com), a tax consulting firm in Northern California, have assisted an electronics company from northern California in securing a sales tax exemption on their purchase of a Beechcraft King Air for use in their business.

An executive from the company stated “The plane enables us to have a more efficient use of our time than with commercial airfare. We would have needed to tailor our business meetings around the airline schedules, and would not be able to use the transportation time as part of our meeting. We sometimes transport our clients as well as our staff aboard the aircraft.”

“The process that Aero & Marine Tax Professionals used was quite simple to follow, as we already keep quite meticulous records. So once we had a framework established for the data that we needed, it was not difficult to accumulate that data. I think what really came through later was that when we had issues in interpretation from the Board of Equalization that we were able to easily identify the data needed. I would recommend Aero & Marine Tax Professionals to others!”

Tom Alston, founder of Aero & Marine Tax Professionals, stated “There are a lot of reasons a company might need to purchase an airplane, to make their business process more efficient. Some of our clients have gone on to purchase a second or third aircraft as their business ventures have expanded. For new people, I let them know that they can purchase an aircraft and legally avoid paying sales tax. But it is vital to bring in our firm at the beginning of the process. And our customers who have bought a second or third plane? They came to see us again, because we’ve never lost a case.”

Aero & Marine Tax Professionals shows purchasers how to avoid sales tax, specifically how to avoid aircraft tax and vessel tax in California and to make certain the full value of their next aircraft, vehicle or vessel goes into their pocket--not the government's. They have successfully filed hundreds of tax returns with the California State Board of Equalization. Mr. Alston has also published many articles on sales and use tax. Their blog can be seen at http://aeromarinetaxpros.typepad.com.

Medical Company Obtains Sales Tax Exemption On New Plane

Aero & Marine Tax Professionals Wins Yet Another Case For Sales Tax Exemption

SACRAMENTO, CA: Aero & Marine Tax Professionals (http://www.aeromarinetaxpros.com), a tax consulting firm in Northern California, recently assisted a southern California medical specialty company acquire a sales tax exemption from the California Board of Equalization on their recent purchase of a Cessna Conquest 441 airplane.

An executive from the company stated: “The new plane was something we needed for intermediate range trips. We have the Cirrus and the jet. The jet would be too expensive for medium range trips, we only use that for east coast trips. The small plane would not be able to make the mid-range trips. With the nature of our business and what we ship, commercial flights are just not conducive to the transport of medical devices directly to the hospitals and surgeons that need them. We will sometimes do trips to meet with hospitals and doctors, but we will many times take actual products needed for surgeries.”

“Aero & Marine Tax Professionals communicated what was needed, and everything went exactly the way they said it would occur. That particular aircraft had had a wheels-up landing and was in the shop for nearly a year. That made getting the additional information requested more challenging. I would definitely recommend Aero & Marine Tax Professionals to others!,” concluded the executive.

Aero & Marine Tax Professionals founder Tom Alston stated “Despite the economy, many companies today find that owning an airplane is more efficient than flying on commercial airlines. And many do not realize that there are totally legal ways to avoid paying sales tax on that airplane. But you have to work with an expert, because the laws and regulations in this field have changed over the years. This is what we do, so we focus our efforts on ensuring that a company can purchase an aircraft and legally avoid sales tax.”

Aero & Marine Tax Professionals shows purchasers how to avoid sales tax, specifically how to avoid aircraft tax and vessel tax in California and to make certain the full value of their next aircraft, vehicle or vessel goes into their pocket--not the government's. They have successfully filed hundreds of tax returns with the California State Board of Equalization. Mr. Alston has also published many articles on sales and use tax. Their blog can be seen at http://aeromarinetaxpros.typepad.com.