ch-aviation
• Luciano Braganca
Flight Options (Ohio) wins US appeal in $39mn IRS Federal Excise Tax dispute over fractional ownership services
A US appeals court ruled in favor of Flight Options (Ohio), overturning a lower court decision in a tax case contesting whether the 7.5% Federal Excise Tax (FET) applies to fractional ownership services. The dispute centers on IRS liability of roughly $39 million.
