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When Michael Thibodeau contacted the California Board of Equalization (BOE) in search of advice, he thought he was taking a prudent action, never dreaming that the advice he got would lead to a ruinous tax bill.(read
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The tax deferred exchange offers businesses one of the last great opportunities to build wealth and save taxes. A business can dispose of its personal property, use all of the equity to acquire replacement personal property, defer the capital gain tax th(read
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When contemplating the purchase of an aircraft, a potential owner must consider the ownership structure that will best suit their needs. Often, only afterwards, does the owner realizes they don't own the aircraft in the entity that is most beneficial for(read
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By transferring ownership of an aircraft from one entity or individual to another, a sales/use tax liability can be created. There are different types of transfers of ownership.(read
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