The Internal Revenue Service (IRS) today informed the National Air Transportation Association (NATA) that the agency will suspend potential assessments associated with current ongoing audits of aircraft management companies that are facing significant uncertainty as to their potential Federal Excise Tax (FET) liability.
...
read more
Today, the Federal Aviation Administration (FAA) announced that it will keep open the 149 Contract Towers that the Agency slated for closure on June 15th....
read more