Articles - Insights on California sales and use tax

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"An investment in knowledge always pays the best interest." -- Benjamin Franklin

IS THERE A LEGAL WAY TO AVOID SALES TAX? image

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?”

By Tom Alston, CEO & Founder of Aero & Marine Tax Pros


Offshore delivery is no gaurantee image

OFF-SHORE DELIVERY AND 90 DAYS IN MEXICO GUARANTEES NOTHING

In a recent ruling by an attorney for the Board of Equalization, a taxpayer’s purchase of a vessel was held to be taxable. This was done in spite of support that an off-shore delivery occurred and the vessel remained in Mexico and outside California for more than 90 days.

By Tom Alston, CEO & Founder of Aero & Marine Tax Pros


Principal Use Test Redefined Image

Principal Use Test Redefined

There is a tremendous amount of rumor swirling around the State of California since the regulations pertaining to vehicles, vessels and aircraft were drastically altered effective September of 2008 in a ploy by politicians to balance a budget with phantom record keeping. A political debate swirled around the fact that a special classification had been created for wealthy people.


Advice About Taxes on Boats Can Save Thousands of dollars. image

Advice About Taxes on Boats Can Save Thousands of dollars.

Is there really a legal way to avoid sales or use tax on a luxury boat, yacht or sail boat?

By Tom Alston, CEO & Founder of Aero & Marine Tax Pros


Boat-Tax Myths That Can Land You in Hot Water Image

Boat-Tax Myths That Can Land You in Hot Water

When taken as fiction, myths make terrific stories. They capture the human capacity for imagination, creativity, and inventiveness. The trouble arises when a myth is taken for fact and acted on accordingly. Acting on faulty information can be dangerous; and in the case of boat purchases, acting on tax myths can be expensive.

By Tom Alston, CEO & Founder of Aero & Marine Tax Pros


10 Worst Things I have Heard Image

10 Worst Things I have Heard

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

By Tom Alston, CEO & Founder of Aero & Marine Tax Pros


MENTE Group Logo Image

Jim Lewis, an experienced salesman for Mente Group, http://www.mentegroup.com, had this to say about Aero&Marine:

“I’ve read a few of your weekly emails and newsletters and I find the approach you take to be very interesting. I love the fact that you take everything head on and you go straight for it. I think the way you use the word ‘avoid’ it just begs you to get tested by the State, but you still come out successful...


Order - Creating or giving? It can be the million dollar question image

Order - Creating or giving? It can be the million dollar question

When you are thinking about legal ways to avoid the sales tax on your aircraft or vessel purchase, you realize you don’t know enough about it to attempt it on your own. The fact is that you have a confusion or an area of “not knowing” the process or the laws well enough to create the certainty of an outcome that meets your needs.


Sometimes Dry, Cryptic and Boring Saves you Money image

Sometimes Dry, Cryptic and Boring Saves you Money.

This may have your writing coach, or business etiquette mentor twitching, but don’t mix social comments on any document that you submit to a tax agency. As long as you are serious about minimizing your over burdensome taxes, this article will make complete sense to you. If it seems fuzzy or unclear, call me and I’ll clear it up. My phone number is 916-691-9192 extension 108.


Control image

An Analysis of Control, Lack Thereof

Could you possibly apply better control in your life or work during a stressful situation, particularly regarding your money and assets? Let me share a story that may shed some insight and, hopefully, useful advice.

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