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IRS Airlines - Wikipedia, the free encyclopedia IRS Airlines is an airline based in Abuja, Nigeria. IRS operates services to the following domestic scheduled destinations (at January 2005): Abuja, Kano, Lagos and Port Harcourt. The IRS Airlines fleet consists of the following aircraft (at March 2005): en.wikipedia.org /wiki/IRS_Airlines

News -- Nigerian Aviation Safety Initiative (NASI) faults suspension of airlines’ licences IRS is accused of destroying an instrument landing system (ILS) equipment at Kaduna Airport while one of its aircraft was taking off on a flight to Jeddah for the 2004 Hajj. He called on the ministry to show that the handling of the issue is unconnected with an agenda he described as "political vendetta," targeted at Slok with IRS being a "victim of circumstance" used as a smokes screen to justify the action against Slok. According to the officials, Slok is the first local airline to connect 13 cities, duly applied for and granted based on its capability to operate the routes. odili.net /news/source/2004/mar/15/303.html

Vanguard Online Edition : Burglars attempt to steal Air Operation Certificate of Slok Airlines IRS was accused of destroying, last January, the Instrument Landing System (ILS) at Kaduna Airport during this year’s Hajj operation, and the airline’s management had since been liaising with the Aviation Ministry on the issue before last weekend clamp down. He, however, assured that both Slok Air and IRS Airlines would fly again as soon as they took care of the technical breaches they were involved in. He said Slok Airlines’ AOC was not revoked as announced by the Aviation Ministry, adding that the operating certificate was only suspended to enable the airline make amends in respect of certain technical breaches which it committed in the course of operation. www.vanguardngr.com /articles/2002/southwest/sw316032004.html

GAORCED99129.txt According to officials of this airline, the device is about 99-percent accurate, and as a result, the airline paid for its investment through reduced losses from stolen ticket stock within the first 5 months of its use, even though the device was not introduced for this purpose. While some airlines settle for less than they are owed and waive liability for the future use of stolen ARC ticket stock, representatives of four of the seven agencies noted that other airlines refuse to (1) negotiate at all or (2) waive a travel agency's future liability for the use of stolen ARC ticket stock. For the airlines, however, the losses are relatively small compared with their total annual revenue and their losses from other airline-related fraud, such as losses resulting from abuses of the airlines' frequent flyer programs. www.securitymanagement.com /library/GAORCED99129.txt

AICPA Legal Scene In its view, the IRS has the authority to deny a reward claim as long as its reasons for rejecting the claim are not irrational. While tax advice received from an attorney is often protected under common-law privilege, the IRS can compel disclosure of the same advice if it is received from a CPA or an enrolled agent or from an attorney who is providing advice in the role of a tax practitioner rather than that of a legal adviser. The IRS argued that each loan was a separate and distinct asset; therefore, each loan created a stream of future interest income to the bank. www.aicpa.org /PUBS/JOFA/sep98/taxmat.htm

American Airlines v. U.S. The IRS issued an assessment of $14,800,374 in taxes and $339,954 in penalties for a total of $15,140,328. American contends that its bargaining agreements provide the required "reasonable expectation" because the IRS has long recognized that "a provision in an oral or written contract of employment or in a collateral agreement" satisfies this requirement. Further, we find that there was adequate notice from the relevant statutes and regulations in effect at the time of the per diem payments, to allow an employer to reasonably suspect that a withholding obligation existed. www.ll.georgetown.edu /federal/judicial/fed/opinions/98opinions/98-5126.html

Brazil News 24/7 - Nothing But Brazil - Brazzil Magazine - Fresh news daily - English-language Magazine on Brazilian Culture - Brazil - Brasil - Brésil Airlines would be required to research more than 100,000 individual time sheets over the last decade, try to figure out when each employee was over U.S. airspace and for how long, and when they reported for work. The IRS is expected to go after international airlines in other countries as it seeks to implement arcane discriminatory regulations that go against bilateral treaties and other conventions in place for many years, AITAL said. AITAL member airlines are as equally concerned about the administrative burden of undertaking these audits as the potential back taxes themselves. brazzilmag.com /index.php?option=com_content&task=view&id=1755&Itemid=49

Market Segment Specialization Program (MSSP) The major commercial airlines compute the tax for air transportation using a network of computer terminals called a "computer reservations system." Two such systems used by the airlines are the SABRE system and the APOLLO system. A corporation that owns an aircraft and appoints an airline company to service, maintain, and operate the aircraft for the purpose of transporting the corporation's personnel is not being furnished transportation by the airline company and is not subject to the IRC section 4261 tax. Because airline tickets are usually sold in advance, the revenue recognized does not coincide with the passenger's tax liability, which is recorded when the ticket is purchased. www.irs.gov /businesses/page/0,,id=7000,00.html

Employee Benefits Alert May 1997: Tax Consequences of Frequent Flyer Mileage Earned on Business Travel As a result of the furor caused by the ruling, the IRS stated that it would reconsider the results of the ruling and reiterated that private letter rulings apply only to the taxpayer to whom they are issued. Until the IRS issues further guidance, employers should be permitted to continue treating frequent flyer miles earned by business travelers as an intangible nontaxable benefit despite the lack of a clearly discernable income exclusion. The IRS has indicated that there is no current enforcement program regarding frequent flyer miles, and there are no instructions in the Internal Revenue Manual regarding the audit of such programs. www.ssbb.com /freqfly.html

News Room According to an IRS general information letter issued to ATA, the tax code does not allow a trade or business deduction for travel expense (including air fare), unless the taxpayer substantiates the expense by adequate record or sufficient evidence. The regulations are flexible enough to permit the statements issued in connection with electronic ticketing to be used for substantiation purposes, according to the IRS guidance. Electronic ticketing is a method used by the airlines and their agents to document the sale and use of transportation and services, without issuing a paper ticket. www.air-transport.org /news/d.aspx?nid=195

Inflight Asia 12.00 Down Under on top IRS also named the best first; business and economy class carriers for the year in results that were drawn from separate studies of each class of service in the cabin in 2000. Cubana Airlines languished at the bottom of the table as the only carrier to score one star, a position it has held since the first star rankings were announced in mid-year. IRS operates the star rankings on a movable basis, in an acknowledgment that the service standards of airlines change. www.orientaviation.com /pages/back_issues/00_12/IFA_V8N3_Survey.html

Airlines Reporting Corporation - Industry Suppliers - EZ-ID The IRS requires that companies send 1099 forms to all travel agencies that were unincorporated at any time during the previous calendar year, and during that time earned $600 or more in commissions from that company. This 1099 data must be sent to the IRS and to the travel agent; otherwise, your company risks fines for each missing record! ARC tracks and compiles IRS 1099-related information throughout the year for each ARC-accredited travel agency. www.arccorp.com /ezid.htm

Honolulu Star-Bulletin Hawaii News The airline industry excise taxes, which cover such areas as fuel and transportation, are for 2001 and 2002 and the first two quarters of 2003. The IRS claim, filed in federal Bankruptcy Court, seeks $84.1 million in taxes, $4.3 million in interest and $40.5 million in penalties. The IRS claim is the largest so far in the case, just ahead of a $110 million claim by aircraft lessor Ansett Worldwide. starbulletin.com /2004/07/08/news/story1.html

Tax Analysts: Free Bulletins: Individual Income Taxes: Individual Income Tax Bulletin--August 21, 2001 The IRS audited the company's Forms 941, Employer's Quarterly Federal Tax Return, and claimed that the per diems paid for day trips and one-sixth of the per diems paid for overnight trips were wages and subject to withholding, and it also asserted penalties under sections 6656 and 6653. The IRS filed a motion for partial summary judgment on whether Fagan is collaterally estopped from disputing that there is an underpayment of tax and that some part of the underpayment is due to fraud. In 1999, the IRS issued a deficiency notice to Weitzman for additions to tax for 1982 for his claimed deductions and credits and assessing penalties for negligence and for valuation overstatement. www.taxanalysts.com /www/tadiscus.nsf/Archives/CFF02994E95CE0A085256AAF007067EF?OpenDocument

Honolulu Star-Bulletin Business The IRS alarmed potential airline investors when it filed a priority claim against Hawaiian Airlines late last month seeking $88.4 million in federal excise and corporate income taxes for 2001, 2002 and part of 2003, including $4.3 million in interest. In addition, the IRS has assessed $40.5 million in penalties based on $23 million in unpaid aircraft fuel taxes, including interest, that the IRS said Hawaiian owed for its flights between Hawaii and the mainland. Hawaiian Airlines trustee Joshua Gotbaum, who says that a $128.9 million Internal Revenue Service claim against the company is overstated, filed a motion yesterday seeking to have that amount capped at $23 million. starbulletin.com /2004/07/29/business/story3.html

Aviation Safety Network > News > News selection An IRS Airlines plane recently destroyed ILS equipment at the Kaduna Airport while it was taking off for a flight to Jeddah during Hajj Operation. 13 MAR 2004 Nigeria revokes licenses of IRS Airlines and Slok Airlines An emergency meeting of Airline Operators of Nigeria (AON) is billed to hold early this week, this consequent upon reports that the Federal Executive Council (FEC) has finally endorsed the 22 years age limit for aircraft used by operators in Nigeria. aviation-safety.net /news/news.php?field=country&var=5N

Irs - Irs Irs website is a free resource site, I hope you can find Irs resource here. irs.998guide.com

Hawaiian Airlines to pay IRS $23 million - The Honolulu Advertiser - Hawaii's Newspaper When the IRS filed the claim months ago for almost $130 million, we said we believed those claims were very substantially overstated and that we believed it would be very substantially reduced. The IRS said the airline owed $84.1 million in overdue excise and corporate income taxes, $40.5 million in penalties and $4.3 million in interest. Hawaiian will pay the IRS about $23 million in fuel excise taxes and interest but will likely not have to pay a penalty also sought by the IRS, according to a federal bankruptcy judge's ruling. the.honoluluadvertiser.com /article/2005/Jan/15/bz/bz01p.html

IRS Tax Audit Assistant The IRS is well aware that, although you may be an expert in your specific niche industry, you are not good at keeping the required books and documentation that would help you survive an audit. When an IRS Tax Auditor visits you, the biggest problem you will be facing is that the IRS Tax Auditor views his or her work only in a style that can best be described as realism. Sign and return the statement that the IRS mails to him or her to verify that he or she has requested an exemption based on the grounds listed on the statement. taxauditassistant.blogspot.com

News -- Slok operated 2 aircrafts illegally - Minister As for IRS Airlines, he said "the inability of the aircraft to take off at the appropriate point is indicative of the lack of airworthiness of the aircraft with serious safety implication" adding that, all necessary steps to get the airline effect repair on the damaged equipment proved abortive. The Federal Government yesterday denied any political motives behind the revocation at the weekend, of the operating licenses of Slok Airlines owned by the Abia state Governor, Orji Kalu and the IRS Airlines owned by Kano millionaire, Alhaji Ishyaku Rabiu. Meanwhile, in Lagos the NCAA disclosed yesterday that the airlines' operating licences otherwise known as Air Operator Certificates (AOCs) were suspended and not revoked as claimed by the ministry. odili.net /news/source/2004/mar/16/208.html

Tax Matters In revenue ruling 2002-9, IR-2002-20, the IRS determined the impact fees would result in a permanent improvement or betterment to the development projects and thus should be capitalized as part of the cost of the building under IRC section 263(a). It asked the IRS if it could use statistical sampling techniques to estimate what percentage of the total expenses was exempt from the 50% limitation. The memo instructs agents not to leave their IRS credentials with the company’s security force or allow them to be copied. www.aicpa.org /PUBS/jofa/jul2002/tax_line.htm

Hawaiian Airlines avoids IRS penalty - 2005-02-03 - Pacific Business News (Honolulu) The IRS, which is the first creditor to be paid in a bankruptcy, filed a claim for $128 million that included $40 million in penalty. The long-drawn-out dispute with the IRS is one of the outstanding issues, along with labor negotiations, that Hawaiian Airlines needs to resolve before it can exit bankruptcy. After months of hearings and filings, Judge Robert Faris ruled that the company has to pay fuel excise tax and interest on it but doesn't need to pay the IRS's 200 percent penalty for nonpayment of fuel excise tax during the tax years prior to the 2003 bankruptcy filing. pacific.bizjournals.com /pacific/stories/2005/01/31/daily53.html?t=printable

SEC EDGARpro API View Text Such opinion is subject to (a) the effect of applicable liquidation, receivership, bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally, and (b) the effect of general principles of equity (regardless of whether considered in proceedings in equity or at law). The Trust Supplements are related to the creation and administration of Northwest Airlines Pass Through -2- Trust, Series 2000-1G (the "Class G Trust"), and Northwest Airlines Pass Through Trust, Series 2000-1C (the "Class C Trust" and, together with the Class G Trust, the "Trusts"). (vii) The statements in the June 21, 2000 Prospectus Supplement to the Northwest Airlines, Inc. Prospectus dated June 7, 1999 under the caption "Certain Connecticut Taxes" to the extent that they constitute matters of law or legal conclusions with respect thereto, have been reviewed by us and are correct in all material respects. sec.freeedgar.com /displayText.asp?ID=1271600

TheDeal.com - Hawaiian Airlines irks creditors, IRS The IRS, in court papers, said Hawaiian Air owes $84.1 million in federal excise and corporate taxes from 2001 and 2002 and part of 2003. Most of the claims cover the time before the airline declared bankruptcy on March 21, 2003, in the Honolulu court and when John W. Adams was chairman and CEO. The Honolulu carrier's unsecured creditors and its unions are opposing a move to pay top executives bonuses and the federal government has handed the airline a $129 million bill for back taxes. www.thedeal.com /NASApp/cs/ContentServer?pagename=TheDeal/TDDArticle/StandardArticle&c=TDDArticle&cid=1089916472156&r=InFs&p=M4YD5AR2

MSN Money - CAL Key Developments: Investing Continental Airlines announced that as a result of better revenue and cost performance than previously anticipated, the Company expects its results for the second quarter to be close to breakeven, excluding special items. Continental Airlines announced that it expects to report a significant loss for 2004, and unless the current environment improves, expects to record a significant loss in 2005 as well. Continental Airlines announced that with fuel prices at high levels and the current weak fare environment, the Company expects to post a loss in the second quarter and a significant loss for fiscal 2004 and beyond. news.moneycentral.msn.com /ticker/sigdev.asp?Symbol=CAL&PageNum=1

ARC It takes approximately 8 weeks for the IRS to process an application for a taxpayers EIN, so a request should be filed early with the IRS. Airlines Reporting Corporation (ARC) is a service company owned by the principal scheduled airlines of the United States. One of its primary functions is to process and evaluate applications by persons and organizations seeking ARC approval as travel agencies, or approval of locations in the U.S. at which ARC agents may conduct business. www.hyde.ca /arc.htm

USATODAY.com - IRS seeks $129 million from Hawaiian Airlines A claim filed by the IRS in federal Bankruptcy Court said the carrier owes $84.1 million in federal excise and corporate income taxes from tax years 2001 and 2002, and part of 2003. The IRS is also seeking about $40.5 million in penalties and $4.3 million in interest. USATODAY.com - IRS seeks $129 million from Hawaiian Airlines www.usatoday.com /travel/news/2004-07-09-hawaiian-irs_x.htm

BNW News Blog: Biafra Nigeria World News: Another air mishap averted; IRS aborts flight mid-air Sam Adurogboye, who confirmed the IRS Airlines near mishap, the pilot aircraft with registration number 5N-600, had to seek permission for an air return when he noticed a hydraulic failure, 75 nautical miles after take-off around 12.20p.m. NINETY-ONE persons on board an IRS Airlines Faulkner-100 aircraft on a routine flight from Lagos to Kano cheated death when the plane was forced to make a return following a mid-air mechanical fault it developed. Reacting to the incident, Director of Operations, IRS Airlines, Mr. news.biafranigeriaworld.com /archive/champion/2005/06/30/another_air_mishap_averted_irs_aborts_flight_midair.php

USATODAY.com - If I win miles, will the IRS need to know? One is to request a revaluation of winnings from the IRS and present an argument to lessen the value applied. If the $2,500 tax rate on 100,000 miles was given to me as reported to the IRS, I'd include it in my income to see what if any change it might make in my taxes. If the sweepstakes did not issue you a reported tax advisory and the value per mile was simply in the literature and rules, I think you'd have reason to not declare this in your tax report. www.usatoday.com /travel/flights/miles/2005-01-31-ask-randy_x.htm

Airfare refund in the offing? - Sep. 16, 1997      The airlines and the IRS are at odds as to who should handle the tax refunds for these tickets. The deadline to apply for a refund from the IRS is December 1. At first, the IRS asked the airlines to handle the refunds. money.cnn.com /1997/09/16/travelcenter/tickettax

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