Articles - Insights on California sales and use tax

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

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


Misunderstanding Will Double Your Tax image

Misunderstanding Will Double Your Tax

If you have been overwhelmed by articles, advertising and friendly advice about the various schemes to legally avoid California Sales and Use Tax, let me set you straight about how to protect yourself.

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


Misapplying board annotations will result in a tax liability image

Misapplying board annotations will result in a tax liability

A recent case demonstrated how taxpayers can be at a disadvantage when it comes to understanding how to legally avoid sales/use tax. The taxpayer purchased his aircraft outside the State of California and intended to support a claim for exemption based on commercial use in his own business.

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


Don’t Store Documents on Your Aircraft image

Don’t Store Documents on Your Aircraft

Recently one of my clients told me he could not get his documents to me because they were in his aircraft and he was in a different location.

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


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Definitions

This article contains information that is designed to help a prospective buyer to understand the maze known as California Sales and Use Tax Laws and Regulations. This first section will contain some definitions. It is intended to clear up questions, such as, “who owes the tax? And what is use tax?”

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


The Complete Story image

The Complete Story

In the everyday world of aircraft and yacht ownership, the following story is played out from coast to coast. The whispers in the crowds of prospective owners often are based on the age-old question, “is it really possible to legally avoid sales tax, or am I risking embarrassment if I get caught trying?”

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


Common Carrier Exemption

One thing appears to be certain as the California Legislature forces the aircraft industry to suffer the loss of two forms of exemption that have been available to purchasers of aircraft for decades. The use of an aircraft as a common carrier will still be a legal from of exemption.

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


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Commercial Interstate Exemption

If you are going to use your aircraft personally the only exemption available is the principal use test. It is for 12 months immediately following the possession date.

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


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Brokers may be held liable for sales tax

During a recent discussion with a business owner, he told me he was not required to have a seller’s permit because he was a broker and not a dealer. He said he called the California State Board of Equalization (Board) and they advised him he didn’t need a permit.

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


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Advice about taxes on vessels can save thousands of dollars.

It’s not a question of whether these people are lying or just trying to be a salesperson. They believe what they are saying and in the absence of an audit their advice will never be discovered to be wrong. It is a question of whether a strategy to legally avoid or diminish taxes really exists. This means a strategy that will survive an audit.

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

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