REFLECTOR:A TOUCHY SUBJECT!
Herb Sanders
reflector@tvbf.org
Fri, 13 Jun 2003 14:42:15 -0500
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You can form a corporation in Delaware www.corpamerica.com and they have =
no state sales or income tax. =20
----- Original Message -----=20
From: Tom Martino=20
To: Velocity Email List (E-mail)=20
Sent: Friday, June 13, 2003 11:53 AM
Subject: REFLECTOR:A TOUCHY SUBJECT!
I hesitate to bring this up ... but it something we all have to face. =
Whenever Iregister a plane with the FAA, I get a notice shortly after =
from the State Revenue Department wanting SALES TAX! If you don't come =
up with what they consider to be "fair market value", they assess a =
value and make you pay taxes on that!
This is my first homebuilt. How have you guys valued the plane for =
tax purposes?
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<DIV><FONT face=3DArial size=3D2>You can form a corporation in Delaware =
<A=20
href=3D"http://www.corpamerica.com">www.corpamerica.com</A> </FONT>and =
they have=20
no state sales or income tax. </DIV>
<BLOCKQUOTE dir=3Dltr=20
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<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dtmartino@troubleshooter.com=20
href=3D"mailto:tmartino@troubleshooter.com">Tom Martino</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dreflector@www.tvbf.org=20
href=3D"mailto:reflector@www.tvbf.org">Velocity Email List =
(E-mail)</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, June 13, 2003 =
11:53=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> REFLECTOR:A TOUCHY=20
SUBJECT!</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D713585016-06062003>I =
hesitate to=20
bring this up ... but it something we all have to face. Whenever =
Iregister a plane with the FAA, I get a notice shortly after from the =
State=20
Revenue Department wanting SALES TAX! If you don't come up with =
what=20
they consider to be "fair market value", they assess a value and make =
you pay=20
taxes on that!</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D713585016-06062003></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D713585016-06062003>This =
is my first=20
homebuilt. How have you guys valued the plane for tax=20
purposes?</SPAN></FONT></DIV></BLOCKQUOTE></BODY></HTML>
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