Don’t have the proper documentation for your all of the transactions that have taken place with your aircraft or vessel? This can prove to be deadly.
There is an organizational axiom which exists that states “If it is not in writing it isn’t true.” If an organization wants to hold another person liable for the expert advice they offer, the company receiving the advice would receive their instructions in writing.
All too many times I have had to tell individuals seeking for my advice that they were going to have to pay the state because they didn’t have the proper documentation to prove their claims.
Read my full article today and don’t forget to call Tom!
Copyright © 2019 Aero & Marine Tax Professionals