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Tue, Jan 12, 2021

Aero-News: Quote of the Day (01.12.21)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

“We are pleased that the IRS seemed to listen to and adopt many of our recommended changes to the rules. We look forward to participating in future projects to provide additional guidance referenced by the IRS."

Source: NATA Senior Vice President Ryan Waguespack, commenting on the IRS having finalized regulations intended to clarify how the exemption from commercial transportation excise taxes for aircraft management services is applied.

FMI: www.irs.gov/pub/irs-drop/td-9948.pdf, www.nata.aero

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