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Topic: IRS Airlines


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  AIN Online June 2001: IRS ruling could mean backtax hit for Part 135s   (Site not responding. Last check: 2007-10-29)
The IRS memo states that it is the latter, and the agency is holding the Minnesota charter firm secondarily liable for about $10,000.
In a letter to IRS commissioner Charles Rossotti, NATA pointed out that when the tax was enacted it was not made clear how this segment fee was to be applied to on-demand air charter where the use of the entire aircraft is being purchased, not an individual seat.
While it does not agree with the IRS position that segment fees are required per passenger, it said most affected operators should be able to make changes to their accounting structure quickly to comply with the decision.
www.ainonline.com /issues/06_01/june_01_irsbacktaxpg1.html   (1016 words)

  
 AICPA - IRSNATCO
However, it is detrimental both to the IRS and to the goal of revenue collection for the IRS to have the negative public image it currently has and to receive such poor performance ratings as it has in recent surveys.
Holding a two-way conversation with the IRS to discuss payments, penalties, errors, missing information, etc. must be distinguished from representing taxpayers before the IRS and entering into binding agreements on their behalf, for which there is a continuing need for a formal power of attorney.
For the IRS, new legislation requires the development of training for IRS employees and educational programs for taxpayers, the reprogramming of computer software and the reallocation of audit resources, in addition to the revision or development of tax forms to reflect the new law.
www.house.gov /natcommirs/aicpa2.htm   (4224 words)

  
 THISDAYonline
Chanchagi Airlines, one of the most profound carriers was to join the fray in air fare reduction following the success of the Albarka example, having been cowed into submission by other airlines spearheaded by the Airline Operators of Nigeria (AON) when it made an earlier move to cut fares.
For instance, IRS Airlines, one of the newest entrants argued rather convincingly that fare cuts would be counter-productive.
The argument of the IRS chairman, from all intents and purposes, cannot be faulted and so the airline was not swayed into joining the fare cut proponents having come at the heat of the phenomenon.
www.thisdayonline.com /archive/2002/05/17/20020517bus15.html   (2116 words)

  
 Aviation Tax - Audit Techniques Guide | irstaxattorney.com | Offer in Compromise
A taxpayer registered by the IRS as a producer of aviation fuel is assigned a registration number with an "H" suffix.
A taxpayer that is registered by the IRS as a buyer of aviation fuel for use in commercial aviation is assigned a registration number with a "Y" suffix.
If one of these airlines then uses the fuel in domestic commercial aviation, the airline is liable for the aviation fuel tax at the reduced rate.
www.irstaxattorney.com /Audit-Techniques-Guide/aviation_tax_irs_audit_techniques.html   (4577 words)

  
 IRS, IRS Airlines, AIRLINES, airline, AIRLINE, IRS Maintenance, AIRLINE MAINTENANCE, IRS Fokker IRS B727, Fokker ...   (Site not responding. Last check: 2007-10-29)
IRS Airlines Ltd, a privately owned Part 121 Nigerian domestic operator, commenced operation in 2001 with two superbly refurbished B727-200 passenger aircraft.
The aircraft were acquired from American Airlines and are of the last of the B727 200 aircraft to be delivered to American Airlines by Boeing Commercial Aircraft.
With Nigeria relocating government to Abuja as the new Capital, IRS Airlines moved Head Office to Abuja in 2002/2003.
www.irs-airlines.com /index.htm   (276 words)

  
 Sample Contracts - Tax Agreement - Orbitz Inc., American Airlines Inc., Continental Airlines Inc., Omicron Reservations ...
All such payments made by the Corporation to the Airlines or made by the Airlines to the Corporation shall be made by wire transfer of immediately available funds to one or more bank accounts designated by the recipient thereof.
Each Airline recognizes and agrees that the payment of Tax Benefit Payments pursuant to this ARTICLE 3 for a taxable period prior to a Final Determination with respect thereto constitutes a financial accommodation extended by the Corporation to each Airline.
The Airlines agree that to the extent they exercise their Airline Contest Rights, they shall do so at their own cost and expense, to be shared by them in accordance with their Pro Rata Portions.
contracts.onecle.com /orbitz/american.tax.2003.11.25.shtml   (3113 words)

  
 NigerianMuse | Important Documents: Summary Plane Conditions Nigeria November 2005   (Site not responding. Last check: 2007-10-29)
While the local airlines were totally grounded due to the dry wind, their foreign counterparts had their flights diverted to neighbouring countries, incurring added operational cost in the process.
That local airlines in the country, except just one of them, do not have even the simplest of equipment for routine aircraft maintenance is seen by many as a failure of the regulatory agency.
It should be noted that virtually all the local airlines in the country operate old generation aircraft and have little or no maintenance capabilities to keep their machines in top shape.
www.nigerianmuse.com /important_documents/?u=Summary_plane_conditions_Nigeria_November_2005.htm   (5834 words)

  
 7203 - Failure to Prosecute p1
The IRS eventually sent a letter to Cheek stating that his W-4 with 39 exemptions was unacceptable.
In 1985, he sued several IRS employees, seeking reimbursement of income and social security taxes withheld by American Airlines, contending that "the withholding of income and social security taxes amounted to an unconstitutional taking of property and that his wages [were] not taxable income." Cheek v.
The conditions of probation were that he cooperate with the IRS in a civil determination of his tax liabilities, that he pay all back taxes, interest and penalties, and that he file current tax returns.
irstaxattorney.com /Fraud-Statutes/7203_Failure_to_Prosecute_p1.html   (6234 words)

  
 Nigeria Suspends Airline Amid Political Feud
Nigerian aviation authorities said they have suspended the licence of a domestic airline over "unethical practices", a move industry experts said was linked to a political feud in the ruling People's Democratic Party (PDP).
Slok Airlines is owned by the governor of southeast Abia state Orji Uzor Kalu, who is locked in a public dispute over political killings with Tony Anenih, a former Minister of Works who was recently appointed chairman of the PDP board of trustees.
The ministry said it had also suspended the licence of IRS Airlines for a safety breach.
news.airwise.com /stories/2004/03/1079294238.html   (327 words)

  
 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   (1598 words)

  
 USATODAY.com - Hawaiian Air must pay IRS $23.2 million   (Site not responding. Last check: 2007-10-29)
The IRS is seeking a tax liability on nearly $17.3 million for those issues.
"When the IRS filed its claim for $129 million, we said it was grossly overstated and we expected the judge to reduce it substantially," Gotbaum said.
Another hearing is scheduled for Jan. 25 on a reorganization plan that is being jointly proposed by Gotbaum, the airline's unsecured creditors' committee and investment group RC Aviation LLC.
www.usatoday.com /travel/news/2005-01-17-hawaiian-irs_x.htm   (405 words)

  
 Internal Revenue Manual - 3.17.41 Accounting and Operating Reports (Cont. 2)   (Site not responding. Last check: 2007-10-29)
Erroneous abstracting by the taxpayer or incorrect abstracting by the IRS in the current quarter, with the corrections input and posting in a subsequent quarter.
The IRS is required, either by Public Law or through Memos of Understanding or direct requests from Treasury, to certify the taxes reported for the trust funds listed below.
Certain filers, such as airlines, communications, and oil producers, had an additional month, but that has been changed to be the same one month requirement.
www.irs.gov /irm/part3/ch08s13.html   (4881 words)

  
 THISDAYonline   (Site not responding. Last check: 2007-10-29)
COJA officials said the airline managed by Alhaji Isiaku Rabiu was chosen due to the decent way the management approached it as part of their contributions to the success of the games.
According to COJA several airlines approached it when the bid for partnership was mooted but despite the fact that IRS was coming on new then, COJA decided to pick the airline.
Besides being the leading airline of the Games, IRS also signed on to be one of the leading sponsors of the Games.
www.thisdayonline.com /archive/2003/10/11/20031011spo06.html   (320 words)

  
 IRS airlines and leases? (via CobWeb/3.1 planetlab2.cs.unc.edu)   (Site not responding. Last check: 2007-10-29)
Before I left, IRS was using a B737-200 from Premium Air.
Moreover yesterday night there was a short message on the radio that IRS Airlines has been grounded due to operational deficiencies.
IRS appears to be grounded because the Aviation Comittee found problems in their maintenance program.
africaspotter.6.forumer.com.cob-web.org:8888 /a/irs-airlines-and-leases_post519.html   (278 words)

  
 tax practice & procedures   (Site not responding. Last check: 2007-10-29)
From 19851988, American Airlines provided a $36 per-diem allowance to its flight crew and flight attendants, for meals and incidental expenses while away on overnight and turnaround trips (i.e., travel involving departure and return to a home base on the same day).
It held that the per-diem payments for overnight trips were not excludible from wages, because American Airlines had not shown that they were based on expenses reasonably expected to be incurred and, therefore, did not meet the definition of "wages" under Regs.
This issue had been a stumbling block to the implementation of the Checkbox Initiative, until a clear distinction was established between limited third-party disclosure for the purpose of responding to issues and questions on a single year's return and issues that required a power of attorney.
www.aicpa.org /PUBS/taxadv/online/jul2000/tpp.htm   (2759 words)

  
 NAEA - Testimony 3
The IRS of twenty years ago was broadly respected for the caliber of its executive leadership and we believe that was the direct result of the highly decentralized nature of its decision making process.
The problem with the IRS is not the quality of the people who work there - they are generally as fine and honest a group of citizens as you are likely to encounter anywhere.
NAEA recommends that the IRS standard for electronic filing submissions should be written to an unencrypted, open-document standard so that individual taxpayers and practitioners may be given the option of utilizing whatever electronic filing transmission service they select based on market place pricing.
www.house.gov /natcommirs/naea6.htm   (4305 words)

  
 USATODAY.com - IRS seeks $129 million from Hawaiian Airlines   (Site not responding. Last check: 2007-10-29)
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.
He said Hawaiian Airlines has been cooperating fully with the IRS over the past year and "a claim of this magnitude is unjustified and we look forward to resolving this issue in court."
www.usatoday.com /travel/news/2004-07-09-hawaiian-irs_x.htm   (331 words)

  
 Honolulu Star-Bulletin Hawaii News
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 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 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   (515 words)

  
 Tax Matters   (Site not responding. Last check: 2007-10-29)
The memo instructs agents not to leave their IRS credentials with the company’s security force or allow them to be copied.
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.
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).
www.aicpa.org /PUBS/jofa/jul2002/tax_line.htm   (1146 words)

  
 Chanchangi Airlines aircraft impounded following court order. | Operations > Shipping from AllBusiness.com
A Chanchangi Airlines aircraft is currently being held at the domestic wing of Nigeria's Murtala Mohammed International Airport, following a Federal High Court order obtained by a rival airline, IRS Airlines.
IRS sought the order after the Chanchangi aircraft caused damage to one of its three aircraft due to a parking error.
IRS also demanded the payment of NGN3m in consequential damages for the number of days its damaged aircraft could not operate.
www.allbusiness.com /operations/shipping-air-freight/134227-1.html   (397 words)

  
 Hunton & Williams | Airline
We have a broad experience with corporate transactions involving the purchase, sale and financing of airline assets, and transactions relating to airline computer reservation and scheduling systems, catering, terminal, gate and hangar constructions and acquisitions, acquisitions of travel agencies and voice and data networks.
We have counseled domestic and foreign airlines, including British Airways, Ansett, Korean Air, SAS and Britannia, on international and domestic tax issues to structure transactions to maximize the financial benefit to the airline.
Among other things, we have advised a foreign airline on developments in the EU regulatory scheme on air transport and on slot allocation at EU airports under the proposed EU regulations.
www.hunton.com /practices/practice_detail.aspx?gr_H4ID=787   (638 words)

  
 IRS seeks customer records from Microsoft, Amazon and others   (Site not responding. Last check: 2007-10-29)
The petitions mark the first attempt by the IRS to find out who is purchasing goods or services with credit cards linked to offshore accounts that may be used to evade U.S. taxes.
The IRS chose the merchants because they are likely to collect the information it needs, such as names and addresses of cardholders.
The IRS has identified executives of publicly held companies, business owners, doctors, lawyers, investment professionals, tax shelter promoters, including the author of several books on offshore accounts, and other wealthy individuals who use credit and debit cards issued through offshore banks, West wrote.
seattlepi.nwsource.com /business/84873_irs30.shtml   (899 words)

  
 DenverPost.com - Federal ruling for pilots taxes IRS
Two IRS attorneys working on the case were accused of fraud in the 1990s.
The case stems from investments that hundreds of commercial airline pilots made during the 1970s in ventures promoted by Henry Kersting, a Honolulu businessman who died in 2000.
However, a federal appeals court in San Francisco determined in 2003 that two IRS attorneys had committed fraud by cutting secret deals with two pilots in return for their testimony against the others.
www.denverpost.com /business/ci_3857749   (484 words)

  
 Vanguard - National News : IRS plane makes air return
This came at a time fears are being expressed by passengers and stakeholders of dangerous goods being taken on board flights due to the collapse of the screening machine at the domestic wing of the Murtala Mohammed Airport in Lagos.
The pilot, whose identity is not immediately known, landed the aircraft at the international wing of the airport, as runway 18R (right) serving the domestic wing was heavily flooded due to the downpour yesterday.
Spokesman of IRS Airlines could not be reached yesterday as efforts made to do so at press time proved abortive.
www.vanguardngr.com /articles/2002/southwest/sw315062006.html   (301 words)

  
 Domestic Airline Operation in Nigeria - 02.05.2003
Based on the recent audit of private airlines in the country conducted by the NCAA as at April 2003, only 29 airlines out of a total of 34 were cleared and were able to retain their Air Operator Certificates (AOC) for the next two years.
The uniform air tariff of airlines is mainly determined by prevailing maintenance cost of aircrafts like the C and D checks.
A good example is Albarka Airline when it first started operation; it introduced the lowest tariff for the Lagos-Abuja route which created quite a ripple in the aviation industry.
www.nigeriabusinessinfo.com /airline-operation02052003.htm   (938 words)

  
 www.businessinafrica.net | news | west africa Nigeria fines unsafe airlines
On top of the 2mn naira ($15 000), the airlines would need to satisfy a list of safety requirements before the authority would return their operating licences.
The sanctioned airlines were IRS, Dasab, Fresh Air, Sosoliso, Spaceworld and NICON Airways.
Air crashes have claimed the lives of over 350 people within the past year, raising fears that, unless corruption and poor maintenance cycles were dealt with quickly in the sector, that flying would cease to be a safe travel option.
www.businessinafrica.net /news/west_africa/468768.htm   (279 words)

  
 IRS Airlines - Wikipedia, the free encyclopedia (via CobWeb/3.1 planetlab2.cs.unc.edu)   (Site not responding. Last check: 2007-10-29)
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.
IRS Airlines offers friendly and professional service and provides the best connections to domestic destinations within Nigeria.
en.wikipedia.org.cob-web.org:8888 /wiki/IRS_Airlines   (185 words)

  
 IRS wants offshore info from 44 businesses - Aug. 29, 2002
WASHINGTON (CNN) - The IRS went to federal court in seven U.S. cities Thursday to get summonses seeking information from 44 major companies in an effort to identify people using offshore credit cards who may be avoiding taxes.
Instead this effort is aimed at individuals dodging their tax responsibilities," the IRS said.
August 20 a Miami judge granted an IRS request to serve a second summons on MasterCard.
money.cnn.com /2002/08/29/news/irs/index.htm   (405 words)

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