February 23, 2024

NBAA Questions Sweeping IRS Plan to Audit Business Aircraft Use

February 23, 2024/ Air Charter Journal

The National Business Aviation Association (NBAA) is questioning the Internal Revenue Service’s plan, announced this week, to “begin dozens of audits” of business aircraft use by American companies and entrepreneurs.

July 27, 2022

Latest Tax, Regulatory Changes Detailed in NBAA’s Personal Use of Business Aircraft Handbook

July 27, 2022/ Air Charter Journal

NBAA has released a comprehensive update to its Personal Use of Business Aircraft Handbook, which provides valuable tax and regulatory compliance strategies when a company makes an aircraft available for non-business use.

February 02, 2021

NATA, NBAA Urge IRS to Provide Guidance on FET Collection and Liability

February 02, 2021/ Air Charter Journal

The National Air Transportation Association (NATA) and the National Business Aviation Association (NBAA) asked the Internal Revenue Service (IRS) to continue the reform of Federal Excise Tax (FET) regulations by addressing unclear and confusing rules covering the collection responsibilities for air charter operators and brokers.

January 13, 2021

Victory for Business Aviation in Final IRS Rules for Management Companies

January 13, 2021/ Air Charter Journal

In its final rule, the IRS adopted several significant changes suggested by NBAA to eliminate potential confusion and provide clear standards for taxpayers and the government.

September 30, 2020

NBAA, NATA Seek Clarity on Excise Tax Exemption in Detailed Comments to IRS

September 30, 2020/ Air Charter Journal

While the proposed rulemaking addressed several industry concerns regarding implementation of the exemption, NBAA and NATA requested additional modifications to ensure the final regulations accurately reflect the structure of aircraft management arrangements and are consistent with the congressional intent of the exemption.

August 26, 2020

NBAA Seeks to Preserve Commuting Deductions in Comments to IRS

August 26, 2020/ Air Charter Journal

The National Business Aviation Association (NBAA), in comments to a proposed rulemaking on the disallowance of deductions for commuting expenses, has asked that the Internal Revenue Service (IRS) employ a more equitable approach to avoid double taxation and retain critical deductions for business travel.

June 18, 2018

NBAA Requests Guidance on Tax Cuts and Jobs Act

June 18, 2018/ Air Charter Journal

The National Business Aviation Association (NBAA) is requesting guidance from the Internal Revenue Service (IRS) and Department of the Treasury on several provisions of the Tax Cuts and Jobs Act that directly affect business aviation.

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