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BARR Requests – Valid Security Concern No Longer Required
Stewart Lapayowker • December 18, 2011
BLOCK AIRCRAFT REGISTRATION REQUESTS
“VALID SECURITY CONCERN” NO LONGER REQUIRED
The language of the Department of Transportation’s budget for Fiscal Year 2012 prohibits the Federal Aviation Administration (FAA) from requiring certification of a “valid security concern” as a condition to blocking aircraft tail numbers from tracking by online services. The National Business Aviation Association is monitoring FAA’s implementation of the revised BARR system.
Until that system is finalized, FAA will no longer need to certify to (or mention) a “valid security concern” in order to have the blocking request accepted.
To comply with U.S. Treasury Department and IRS regulations, we are required to advise you that, unless expressly stated otherwise, any U.S. federal tax advice contained in this e-mail, including attachments to this e-mail, is not intended or written to be used, and cannot be used, by any person for the purpose of (i) avoiding penalties under the U.S. Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this e-mail or attachment.
Nothing contained in the foregoing should be relied upon as legal advice appropriate to your situation which can only be given by your own legal counsel.
Mr. Lapayowker appeared on a recent episode of The Pay & Proxy Podcast, titled Corporate Aircraft Use – The Latest Trends & IRS Audit Plans. With the Wall Street Journal highlighting a significant increase in personal use of corporate aircraft in recent years, and the IRS initiating an “aircraft audit” program to scrutinize whether companies…
The post Stewart Lapayowker Appears on The Pay & Proxy Podcast first appeared on Lapayowker Jet Counsel.
An offer to purchase an aircraft customarily includes a variety of terms, chief among them the purchase price that the buyer will pay and a list of technical delivery conditions (inspections current, airworthiness directives complied with, complete records, etc.). During the pre-purchase inspection, the inspection facility performs an independent evaluation of the aircraft and issues…
The post Delivery Conditions: Fundamental Assumptions that an Aircraft Buyer Assumes When Agreeing on Price first appeared on Lapayowker Jet Counsel.
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