Asset Management Company Gets Tax Exemption on Airplane

Aero & Marine Tax Professionals Assists Asset Management Company on Tax Exemption on Airplane Purchase

SACRAMENTO, CA: Aero & Marine Tax Professionals, (http://aeromarinetaxpros.com/), a California aircraft tax specialist company in the Sacramento area, recently assisted an asset management company to obtain sales tax exemption on the purchase of a company plane. The sales tax exemption was granted on the 2007 Columbia LC41 by the California Board of Equalization (BOE).

An executive from the company stated: “We manage retirement assets for retirees. We have a lot of Chevron retirees. We have to make face-to-face contact with clients, and as they move out of the state, we need to remain in contact with them. It’s always best to have face-to-face conversations with them. Commercial wouldn’t work because in getting access to commercial airlines I have to go to Oakland. It’s 2 hours to Oakland for me and then it would burn a whole day for one client. I can go cover many more clients really easily with the airplane. I can cover clients in different areas. For example, Nevada, or down in southern California, or up in Oregon. But I can cover more ground and not suck up a whole week, basically. We found Aero & Marine Tax Professionals from their advertisements. I had been following them for quite some time. I’ve always been on their email list and I don’t remember where else I saw it. I saw it on some site and started following it. They were very good, and they responded very quickly. They told me how to work it, how to get the correct documentation together and how to work my worksheets. I submitted stuff to them, they submitted stuff back, and we worked it out. I have already recommended them to others.”

Tom Alston, founder and owner of Aero & Marine Tax Professionals, stated: “It went very well, the whole process had no glitches in it. The client was very pleased with the results. We’d be happy to work with them again if they should have the need.”

Aero & Marine Tax Professionals shows purchasers how to specifically avoid aircraft tax and vessel sales/use 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 tax returns with the California State Board of Equalization. Mr. Alston has also published many articles on sales and use tax. Their blog can be seen at http://aeromarinetaxpros.typepad.com.