Investment Company Gets Tax Exemption On Company Jet

ELK GROVE, Calif. - Aug. 27, 2013 - PRLog -- SACRAMENTO, CA: Aero & Marine Tax Professionals, (http://www.aeromarinetaxpros.com/), a tax firm specializing in aircraft and marine vessel tax consulting, recently helped an investment company to obtain a sales tax exemption on their purchase of a 2007 Raytheon Beechcraft Premier 1A jet. The exemption was obtained from the California Board of Equalization (BOE).

An executive from the company stated: “We’re an investment company, we use aircraft to fly the owners to meetings in various parts of the United States. It is much simpler and quicker to use a private aircraft rather than deal with airline schedules we have no control over, lines, flight delays and cancellations. With a private aircraft we can control that our principals can come back as soon as a meeting is over. Much more efficient. The Board of Equalization were requesting tax payments in excess of what were due to them. Aero & Marine Tax Professionals were referred to us by the attorney that was helping us with our property taxes. Our work with them went very smoothly. They requested documents, we provided them. They did a lot of work compiling them and handled all the transactions with the BOE. I would absolutely recommend them to others.”

Tom Alston, founder and owner of Aero & Marine Tax Professionals, stated: “The transaction in this case was slightly complicated by the fact that we were not approaching this transaction from the beginning. Requests and communications had already been exchanged between the BOE and the client. But it was still a simple matter to wrap up. And since we have the experience of about 1,000 filings with the BOE, there were no great difficulties in gathering the data and submitting it properly. All in all the case went very well.”

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 airplane sales tax returns with the California State Board of Equalization. Mr. Alston has also published many articles on sales and use tax. His blog can be seen at http://aeromarinetaxpros.typepad.com.