Podcast: What the New IRS FET Rule Means for Business Aviation

Jan. 25, 2021

A years-long advocacy campaign by NBAA and its partners culminated recently with a final rule from the IRS clarifying the applicability of federal excise taxes to management companies and aircraft owners. The rule also prevents the improper and retroactive application of FET charges. “We worked with the IRS and the Treasury Department, then we finally went to Capitol Hill,” said Scott O’Brien, NBAA senior director for government affairs. “Congress spoke and made clear that if you are flying on your own aircraft, and have the assistance of a management company, there’s no commercial transportation tax; it’s treated just like any non-commercial Part 91 flight.”

In today’s episode of NBAA’s “Flight Plan,” host Rob Finfrock speaks with:

  • John Hoover, partner at Holland and Knight and chair of the NBAA Tax Committee
  • Scott O’Brien, NBAA senior director, government affairs

Podcast Episode

February 29, 2024

NBAA News Hour: Experts Unpack IRS Plan to Audit Companies Using Business Aircraft

Industry experts with decades of combined real-world experience south to bring some perspective to the recent IRS announcement that the agency will “begin dozens of audits” of companies that use business aircraft, with a focus on tax policies related to non-business use of the aircraft, as well as other key considerations, during an NBAA News Hour webinar.
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February 28, 2024

NBAA Flight Plan Extra: Maintaining Business Aviation Access to Dublin Airport

NBAA is working diligently with the Irish Business and General Aviation Association and other stakeholders to preserve access to Dublin Airport.
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February 26, 2024

Podcast: Expanding Opportunities to Join Business Aviation

Throughout February, NBAA has marked Black History Month by recognizing the significant aviation contributions of African Americans and emphasizing the importance of ensuring our industry is open and welcoming to people from all backgrounds.
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February 22, 2024

NBAA Questions Sweeping IRS Plan to Audit Business Aircraft Use

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.  
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