Tag: fet

  Transcript: FET is Federal excise tax, and it’s another tax to be mindful of when you’re owning or operating a business aircraft. Federal excise tax applies to the purchase […]

  Transcript: When federal excise tax applies, it is charged at 7 and a half percent of the amount that needed to be paid in order to receive the air […]

  Transcript: The FAA does not consider part 91.501 flights to be commercial aviation, but the IRS disagrees. Excise tax applies to any amount that had to be paid to […]

  Transcript: FET as we call it in the industry or commonly fully referred to as federal excise tax, can in fact apply to part ninety-one operations. This is a […]