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Aero-News: Quote Of The Day (05.18.13)

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

"While the IRS will complete open audits, management companies can be secure in the fact that while additional guidance is developed, they will not face potentially crippling tax assessments as a result of those audits. Today's (Thursday's) announcement that IRS will suspend any potential assessments on these audits until the work to develop formal guidance is complete frees hundreds of businesses from significant financial uncertainty." Source: NBAA president and CEO Ed Bolen.

FMI: www.nbaa.org

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