Here are the 10 worst things I have heard aircraft owners propose for avoiding sales and use tax in California.

  1. Just register it out of state.
  2. Register it out of state and park it in a buddy’s locked hangar inside California.
  3. I don’t use flight tracking software, so how is the tax agency going to prove where I was?
  4. I wrote “$1.00 and other valuable consideration” on my FAA Bill of Sale form. They can tax me on that.
  5. I registered it in a Delaware LLC. That is a no sales tax state.
  6. I registered my aircraft in Oregon. I have an address there.
  7. I am a broker. I used my resale certificate to purchase all my aircraft. They are always for sale.
  8. I’ll get them to negotiate the tax down.
  9. I’m old and getting ready to die. Can you keep them away from me until then?
  10. I’ll take them to court.
If you’d like to find out the REAL things you should do to legally avoid paying sales and use tax on an aircraft purchase in California, email Tom Alston of Aero & Marine Tax Professionals, or call 916-691-9192, ext. 108.

Resources

Website: https://www.aeromarinetaxpros.com/aero/

Call Tom at: (916) 691-9192

Facebook: https://www.facebook.com/aeromarinetax/

Twitter: https://twitter.com/aeromarinetax

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Grant Cardone
https://grantcardone.com/
Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.
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