Tax Matters

Aero & Marine Tax Professionals Helps Flight Instructor Obtain Sales Tax Exemption on Airplane

Tax Consulting Firm Helps Obtain Sales Tax Exemption On Amphibious Aircraft

SACRAMENTO, CA: Aero & Marine Tax Professionals (http://www.aeromarinetaxpros.com), a tax consulting firm, recently helped obtain a sales tax exemption for their client, Max Trescott, the 2008 National Flight Instructor of the Year and owner of Glass Cockpit Publishing, on the purchase of a Lake LA-4-200 amphibian airplane. The company is a specialist in aircraft and marine vehicle sales tax exemption in state of the California.

The instructor, Max Trescott, stated: “Tom Alston helped me obtain an exemption for my first aircraft eleven years ago, so I thought I understood the current rules. However, the regulations changed since my first purchase and I didn’t fully understand the changes. So I contacted Tom Alston again and he and his staff were quick to help me understand the current rules and the documentation needed. The savings will help fund some of the upgrades to the plane that I’m contemplating.”

Tom Alston commented, “Well there are very few companies out there that know the field as well as we do and have the contacts where it counts. We know the tax codes in this area backwards and forwards, and that includes keeping up with the changes as the years go by. You have to factor in the new laws passed each year. Well, actually you don’t, because that’s our job. We study each new piece of legislation as it comes out and stay fully familiarized with every aspect of obtaining a sales tax exemption on an aircraft or marine vessel. And that’s why 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.

 

10 worst things I have heard aircraft owners propose for avoiding sales and use tax in California.

Here are the 10 worst things I have heard aircraft owners propose for avoiding sales and use tax in California.

1. Just register it out of state.
2. Register it out of state and park it in a buddy's locked hangar inside California.
3. I don’t use flight tracking software, so how is the tax agency going to prove where I was?
4. I wrote “$1.00 and other valuable consideration” on my FAA Bill of Sale form. They can tax me on that.
5. I registered it in a Delaware LLC.  That is a no sales tax state.
6. I registered my aircraft in Oregon.  I have an address there.
7. I am a broker.  I used my resale certificate to buy all my aircraft. They are always for sale.
8. I’ll get them to negotiate the tax down.
9. I’m old and getting ready to die.  Can you keep them away from me until then?
10. I’ll take them to court.

If you'd like to find out the REAL things you should do to legally avoid paying sales and use tax on an aircraft purchase in California, email Tom Alston of Aero & Marine Tax Professionals, or call 916-691-9192, ext. 108.

Thomas Alston, Aviation Tax expert interviewed for US Air -Part 3 of 3

Thomas Alston, leading aircraft tax expert will be speaking to the Solano Pilots Association Thursday April 7, 2011

Thomas Alston, leading aircraft tax expert will be speaking to the Solano Pilots Association Thursday April 7, 2011

The presentation in Vacaville will cover legally avoiding sales tax on aircraft purchases.

Vacaville, CA: Thomas Alston, Aero & Marine Tax Professionals, (http://www.aeromarinetaxpros.com) the pre-eminent expert in helping purchasers of aircraft and vessels to avoid paying sales and use tax in California, will be speaking to the Solano Pilots Association Thursday April 7, 2011 at the Nut Tree located at 301 Country Airport Road, Vacaville, CA  95688.

• The topic will be Legally Avoiding Aircraft Sales Tax. It will be geared to presenting information of value to aircraft owners and purchasers.

The event will be held from 7:00 pm to 9:00 pm, and is complimentary, but seating is limited. The meting will be held at The Nut Tree located at 301 Country Airport Road, Vacaville, CA  95688

Thomas Alston, President of Aero & Marine Tax Professionals, stated “We have worked with thousands of individuals and companies purchasing aircraft, helping them to avoid paying aircraft sales tax on their purchase. For clients who have followed our instructions to the letter, we have a 100% success rate. We urge people who are in the process of buying an aircraft or are considering it to attend this seminar and get the facts on saving money.”

Aero& Marine Tax Professionals shows purchasers how to avoid California aircraft tax 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 strategies for saving on sales and use tax.

 

Coup d' etat

An important message from a great friend who is battling hard to keep planet Earth informed of the truth.

Coup d’ etat
By Bruce Wiseman

Your conventional coup d’ etat is the overthrow of a government by a military cabal.

But that’s not what happened on April 2nd, 2009. On that day, the Bank for International Settlements, a secretive bank based in Basel, Switzerland, that had facilitated the financial workings of the Third Reich, carried out the most colossal coup in history – they took control of the central banks of planet Earth.

Central banks are the institutions in a country that print the money and control the interest rates.

I know, I know, conspiracy and all that. But that, my friends, is exactly what happened.

And that’s the story of Crisis by Design the Untold Story of the Global Financial Coup, the book I wrote on the financial crisis. It tells who did it, what they did and why they did it.

This is not a book on (yawn) economics; it is the story of the planning and execution of the Global Financial Crisis for purposes I set forth in the book.

The reason I am writing is because, besides paperback, hardback and pdf, the book is now available for iPad, Kindle, Nook, and the Sony eReader right here:

http://crisisbydesign.net/buy.html

This agenda is not over yet. If you want to know what really happened, why it happened and what you can do about it, you can now get the book for any of the digital readers.

Enjoy.

Best,

Bruce

 

Aero & Marine Tax Professionals Co-Hosting Nov 9 Seminar for Aircraft Purchasers

Seminar in Camarillo to Cover Avoiding Aircraft Sales Tax, Bonus Depreciation

CAMARILLO, CA: Aero & Marine Tax Professionals, (http://www.aeromarinetaxpros.com) the pre-eminent experts in helping purchasers of aircraft and vessels to avoid paying sales and use tax in California, will be co-hosting a complimentary aviation seminar entitled “Plane Dollars and Sense,” along with Channel Islands Aviation (http://www.flycia.com), on Tuesday, November 9 from 7pm to 9pm at 555 Airport Way in Camarillo.

The seminar will be geared to presenting information of value to aircraft owners and purchasers. The seminar will cover the following topics:

• The NEW Bonus Depreciation

• Rule 179 Expense

• California State Sales and Use Tax

The seminar will be held from 7pm to 9pm, and is complimentary, but seating is limited. The seminar will be held at 555 Airport Way, Camarillo, in the Department of Airports Office. Those interested in attending the seminar should RSVP to [email protected].

Aero & Marine Tax Professionals will also be exhibiting at the 2010 AOPA Aviation Summit at the Long Beach Convention Center, 300 East Ocean Blvd., Long Beach, CA, on November 11, 12 and 13. Their booth number is 1157.

Thomas Alston, President of Aero & Marine Tax Professionals, stated “We have worked with thousands of individuals and companies purchasing aircraft, helping them to avoid paying aircraft sales tax on their purchase. For clients who have followed our instructions to the letter, we have a 100% success rate. We urge people who are in the process of buying an aircraft or are considering it to attend this seminar and get the facts on saving money.”

Aero & Marine Tax Professionals shows purchasers how to avoid California aircraft tax 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 strategies for saving on sales and use tax.

Tax Consultant Warns of New Plan by State of CA to Collect New Use Taxes

Consultant Says New Aggressive Tax Strategy Will Bankrupt Many CA Businesses Unless They Prepare 

SACRAMENTO: A tax consultant warns that the California Board of Equalization (BOE) has enacted a new tax reporting system, which is going to effect all California businesses. The new plan involves forcing businesses to set up Use Tax Accounts and pay use taxes on any tangible personal property that has been purchased and brought into the state of California.

Thomas Alston, President of Aero & Marine Tax Professionals (http://www.aeromarinetaxpros.com), the pre-eminent experts in helping purchasers of aircraft and vessels to avoid paying sales and use tax in California, warns that this new strategy of the BOE could bankrupt businesses.

“I want to let business owners know the dangers involved in this new strategy by the state,” stated Alston. “My guess is that many California business owners have received a letter from the Board of Equalization (BOE) over the past few months notifying them that the BOE has arbitrarily assigned them a Use Tax permit number and has set up an electronic account for them to file their returns. I received such a letter recently. I was very angry and called a person at the BOE. He explained that letters have been going out for several months and the BOE is concerned that people don’t totally understand what is happening. He said he has been doing nothing but answering the phone about these use tax accounts. If anyone gets a letter from the BOE about setting up Use Tax account, you should call me. The wrong thing to do is ignore the letter,” concluded Alston.

Aero & Marine Tax Professionals shows purchasers how to avoid California aircraft tax 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 strategies for saving on sales and use tax. See the full article on this topic below. Mr. Alston can be reached at 916-691-9192, extension 108.

Short sided and morally corrupt tax policy

by Thomas A. Alston, President of Aero & Marine Tax Professional

Here is a perfect example of selfish behavior and talking out of both sides of one’s mouth.  This California politician uses the sane argument to defend his position to enhance his own district yet he practices insanity when it comes to the overall good of California.  I suggest he apply the sane argument to all financial situations in this state, not just in his district. It would result in a less oppressive government, more freedom and a hell of a lot more jobs in California.

In a recent article titled “Saving Jobs --- Losing Jobs,” by Joel Fox, the Editor of Fox & Hounds and President of the Small Business Action Committee, he wrote:

“Assembly Majority Leader Alberto Torrico is making a valiant effort to save up to 5,000 jobs that may be lost if Toyota closes down its New United Motor Manufacturing Inc., (NUMMI for short) based in Fremont.

That’s on one hand. But on the other hand, Torrico is jeopardizing thousands of jobs in the oil industry by pushing a measure to create a 9.9% oil severance tax and funnel the money to California’s public colleges and universities.

In an effort to keep the Toyota jobs in Fremont, the bill co-authored by Torrico would exempt auto plants from sales tax on improvements and refurbishing the manufacturing plant. But, his oil severance tax bill is sure to discourage drilling in the state and lead to a depressing ripple effect in jobs related to the oil industry either directly or indirectly to those servicing the industry and its workers. Never mind the problems for consumers of increased gasoline costs and importing more foreign oil.

And, did I mention the hit on government? Torrico did. Rightly so. In his concern for the closing of the Toyota plant, he worried aloud about the loss of income, sales and property taxes in Fremont.

Wouldn’t there be a loss of income, sales, and property taxes in, say, in Bakersfield in Kern County, if the oil severance tax were levied?

We should be saving ALL California jobs during these difficult economic days.

California policy makers must support the workers who build the cars, but also the workers who help fuel the cars, as well.” End of article. 

It is this piggish one sided view that has gotten us the voters into this mess. The proper solution is for the politicians to stop using tax codes to create special pockets of programs for sale that enhances the political contributions to their campaigns.  Government intervention in all the markets is more at cause over our financial problems than a few bad business practices by a few organizations.

The voters who suckle at the breast of their local representative in order to enhance their own income at the expense of other citizens of California are equally corrupt. We need to stop before we all go to this decade’s version of Germany in the 1930’s.

 

Solution to Government Spending

Budget Mess is an illusion

I read about 50 blogs and articles each day about deficits, budgets and other things that irritate people with common sense. Every once in while I feel a little case of sensory overload and I have found a simple solution.  Stop reading the articles.

 

If you think that my solution is not a good solution you’ll have to confront the “why” of your statement.

 

It all depends on what I am trying solve.  If the only problem that exists is my irritation, I have 100% control over my feelings and I can take a simple step to stop the discomfort. The immediate source of uneasiness is the constant reminder of the bad news. Therefore, I can unplug.

 

I really hope that you want to scream at me for being so low-toned and irresponsible. I sincerely pray that you are angry that a person who just turns off the noise is making the problem worse by taking no action.  You should threaten to stop reading my words if I can’t come up with a better solution.  Why should you read the pontificating of an irresponsible person who has no willingness to confront the evil that exists in California (and America) today?

Follow me here:

 

There is not one problem. Therefore, there is not one solution. But that does not mean we are facing a single problem without a solution.  For every single problem there is a single and specific solution.  The problem is the voters, each and everyone. Yup that includes you and me.  If every voter would step back from our own specific desire for some specific outcome that benefits us and took a look at the whole picture the answer becomes simple.

 

Try wearing the hat that was worn by the founding fathers of this country.  They confronted a ruler that treated them as serfs and was taxing the colonies to pay for the excesses of the home land. (Sound familiar?)  Even with the horrible conditions that existed, the huge majority of colonists were afraid to challenge their king. They clung to the notion they had an obligation to be loyal to the crown in spite of the fact that the crown cared less about the colonists long term survival.

 

The revolution was born in the minds of few men that were willing to risk their survival in order to be free of an oppressive government.  It did not matter whether the man was a poor farmer or a rich land owner, the lack of freedom and the disrespect of the government towards the colonists was a clear indication that something needed to change. It was time to take action, even if it made them uncomfortable to be risking something that might accrue a greater benefit to others.

 

This is where the rubber meets the road. When lobbyists and unions exert influence over legislators that benefit their group at the expense of others they are creating an imbalance that threatens the survival of the whole group including their own members.

 

As individuals most of us have to balance a checkbook and figure out how to survive with less. Governments operate from an insane foundation that there is an endless supply of money.  These viewpoints are diametrically opposed.  Our Declaration of Independence authorizes and recognizes we have the right to throw off the yokes of oppressive and insane government.  Fortunately we can accomplish all this without gun powder. But it does take courage and the willingness to handle a lot more discomfort than we are already feeling.

 

Near the end of President Bush’s last term the insane concept of the first “bailout” was raised. I contacted my local representative and told him if he voted for it I would never vote for him again.  I had voted for this man several times as he rose through the ranks during his political career. He voted for it and I voted against him. I will never vote for him again. I keep my word.

 

It is your turn to do the same thing. If your local state representative authorizes tax increases to balance the Californiabudget tell him you will never vote for him again.  Our budget problem is much greater than any solution that is based on tax revenue increases.  We have children running this state whose votes are bought and paid for by groups that have raised their vision of selfishness to the degree that everyone loses. If your Californiarepresentative does not immediately confront the cash flow problem by lying off state workers and slashing government programs including school costs, start recalls and make sure you vote against that person.  There are no individual problems that warrant greater concern than the survival of the whole group known as the citizens of California.

With all apologies to the furloughed state workers, welfare recipients, California board and commission members, and out of work school personnel but it is your turn to feel the pain.  Those of us in private industry have to lay off our friends and cut back many things to survive. You are part of the group and you will not be exempted from the pain of the stupidity of our elected representatives.

You can take comfort in the fact that it is going to happen to you any way, unless you vote against the legislators that sell their souls every day in the name of some mythical higher good.  The group known as the citizens of California are the higher good, focus on the whole group and the narrow minded viewpoints of the special interests are revealed for the culprits they are.

Stop waiting for someone else to go first, I already did.

 

Revised Budget Do Over

by Thomas Alston, President of Aero & Marine Tax Professionals

This note was passed on to me by Bill Leonard an elected Member of the California State Board of Equalization.

“I watched the Democrat press conference on the Calcliptv Youtube channel

http://www.youtube.com/calcliptv#all/uploads-all/1/2NS-MyE09p4 

and found several items of interest.  It appears that everyone is accepting the Governor's calculation that the current budget ending June 30th and that the next budget through June 30, 2010 is just shy of $25 billion out of balance.  Normally there are fights over the various methods of estimating expenditures and revenues that reach this number.  The fact this number is being accepted is an alert to me that it is probably worse than that by billions. 

While there are some glimmers of economic recovery in parts of America, it is dimmer in California.  And when the economy does recover, government revenues will lag.  Companies will not pay taxes until they have a profit.  Consumers will not go on buying sprees until they have paid off existing bills and made sure their jobs are secure.  Income taxes and sales taxes will be slower to rebound than jobs, and the budget crisis will last even longer than the economic crisis.

The Democrat leaders announced that their solution falls a billion dollars below the Governor's solution.  So even though they agree on the magnitude of the problem, they are unable to come up with a real solution to it.  They are committing themselves to a never-ending story of budget revisions monthly until their terms in the legislature end and they hand off the problem to someone else.  This is not responsible work.  People know there is a problem.  People know there are cuts in government spending that have to be made.  To adopt an incomplete plan and then come back in a few months to enact further cuts just keeps all those who benefit from government on edge not knowing if the cuts they are already enduring will be surpassed shortly with even bigger hits.  It would be better to make those hard decisions now showing all that no one is immune from cuts and assuring folks that the solution matches the size of the problem.

They figured that the Budget Conference Committee had adopted 45% of the Governor's cut proposals as is.  Congratulations.  They should adopt those en masse with no other riders this week and the Governor should sign them immediately.  It will not solve the entire problem, but it will show the public, the bankers and the voters that state government can take some baby steps in the right direction when it has to.

The tax increases are silly.  They are punitive when taxes should be fair.  They will not bring in money fast enough since we need cash this month, and they will not work as tax increases because they will never bring in the revenue ascribed to them.  I fully expect the Republicans to do the responsible thing and kill the tax increases, but even that is a waste of precious time.  As both the Controller and the Treasurer have testified, the state cannot meet its obligations, nor does it have the credit to cover routine cash flow gaps, and that is just talking about this month.  Without revising the budget, the problem grows.  That is an outcome that is unacceptable. “