AOPA Plane Giveaway and Taxes

George Patterson wrote in
news:AmRif.565$gi3.458@trndny09:

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.

If you conduct business in California (like base the aircraft in the
state), you will have to register as a "foreign" corporation which incurs
the same $800 tax. When we incorporated our aircraft, we looked into doing
it in Nevada, but found out we would still have to pay this tax and would
also need to maintain a Nevada address.

--
Marty Shapiro
Silicon Rallye Inc.

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