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Tax Deductions › Tax Commissions

Buckingham, Doolittle & Burroughs, LLC

Ohio Sales & Use Tax: Resale exemption denied where lease amongst related parties lacked a substantive business purpose.

Buckingham, Doolittle & Burroughs, LLC on

Businesses commonly use what is referred to as a “dry lease” to obtain use of a corporate aircraft for several reasons. One benefit of these arrangements is the lessor’s ability to claim the resale exemption on the aircraft’s...more

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