CPAs Turn to Specialists to Help Clients Avoid Sales Tax on Aircraft
Specialist Firm Helps Aircraft Purchasers Avoid Thousands in Sales and Use Tax on Airplane Sale
Sacramento, CA: Attorneys, CPAs and other professionals are now turning to specialists to help their clients avoid tens of thousands of dollars in taxes on aircraft purchase and use.
Anyone who buys or flies an aircraft in California is subject to taxation, but specialists can help purchasers save thousands of dollars. Imagine getting slapped with a $100,000 past-due tax bill from the State of California several years after you’ve purchased an aircraft and you don’t even live in that state. Think it can’t happen? Better think again, as this type of scenario plays out with increasing frequency as the State of California grapples with perennial budget shortages.
Tom Alston, President of Aero & Marine Tax Professionals of Sacramento, CA, a firm specializing in helping aircraft purchasers avoid sales and use tax in California, stated “Clients look to professionals for protection from such catastrophic events as huge, surprise tax bills. At first glance, seeking an exemption seems simple enough. For several reasons, though, ensuring that the client is completely absolved of any sales or use tax involves several complicated steps, tremendous documentation and often several trips to the state capital in Sacramento. One mis-step can completely undermine your efforts, leaving your client with a stiff tax levy.”
Given the expensive consequences of failure, many attorneys, CPAs and other business professionals are now turning to specialists that focus solely on defending aircraft purchasers against the California State Board of Equalization (BOE). Firms like Aero & Marine Tax Professionals possess the knowledge and expertise to ensure that aircraft purchasers meet the exemption requirements and are legally absolved of paying sales or use tax. The best of these firms guarantee their results, resulting in satisfied clients who save lots of money. Thomas Alston of Aero & Marine Tax Professionals has successfully filed hundreds of tax returns on behalf of clients with the California State Board of Equalization.