When the Internal Revenue Code and the FAA Regulations Collide – What Results?
Aircraft owners, operators and leasors must comply with FAA regulations under the correct Title.
Whether you are an aircraft owner, operator or leasor, flight enthusiast or businessman, when the FAA grants you a certificate you are required to comply with FAA regulations. The FAA has implemented specific, complex control requirements for aircrafts. The FAA has also implemented equally specific and complex tax laws related to determining the character of the income and/or loss resulting from the leasing activity.
Sanford I. Millar is the founder of MillarLaw a Professional Corporation. He is a Certified Specialist in Taxation Law and is admitted to practice before all courts in the State of California. Mr. Millar has received the highest rating by Martindale-Hubbell Law Directory and has been named a Southern California Super Lawyer from 2006 – 2017.
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