More and more aircraft sales are occurring as a back-to-back sale or flip. The basic nature of sales tax is often overlooked in flip transactions. This neglect often results in greater tax and penalty exposure for all parties involved.
FAA Registration
June 13th, 2008
The FAA believes that limiting the duration of a Certificate of Registration would be the most effective method of increasing the accuracy of its records. Expiration and re-registration within a specified time period is proposed. The proposal would supercede and eliminate the need for the information obtained via the Triennial.
