Florida tax starts the day you are finnaly signes off by the FAA and restrictions flown off. it is not a viable aircraft during the testing stage, Virg
On Sat, 12 Jun 2004 11:48:29 -0400 "Brian Kraut" <brian.kr...@engalt.com> writes: > There have been some discussions on the RV news group lately on > taxes. It > seems some people have had tax assessors assess a value to their > uncompleted > projects and tax them on it. I know that there are a few > accountants on > this list. What kind of tax do you get on an uncompleted project? > I assume > it is a state tax and varies by state? How do they even know you > have a > project? Do they tax you as soon as you register it and they get > information from the FAA? Would I be better off registering my > project now > while it is only worth a few thousand instead of waiting until it is > worth a > lot more? > > Any advice, particularly from people with experience in Florida > would be > appreciated. > > I bought my last KR already flying and the state sales tax people > contacted > me for their cut. I don't know how it is done when you build it. > > Brian Kraut > Engineering Alternatives, Inc. > www.engalt.com > > > _______________________________________ > to UNsubscribe from KRnet, send a message to krnet-le...@mylist.net > please see other KRnet info at http://www.krnet.org/info.html > > Virgil N. Salisbury - AMSOIL www.lubedealer.com/salisbury Miami ,Fl
