AOPA Plane Giveaway and Taxes
Robert M. Gary wrote:
Depends on the state you live in. Each winner would have to look at the
incorporation cost of their own state. In California its $800/yr. I
believe New York is similar. AZ and NV don't tax it at all. In
otherwords, as an example, California charges $800/yr, you may want to
check your state.
I'm still unsure what you mean, so I'll get specific. What if a Californian
incorporates in Delaware? Will California still assess the $800/year tax?
George Patterson
Coffee is only a way of stealing time that should by rights belong to
your slightly older self.
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