81mm wrote:
Seriously Ron.., you've got nothing to lose by researching the "rules" you
speak of.., and by the way.., any "rules" issued from administrative
agencies, offices, or departments are not really "laws" per se..!!

Believe me I am quite aware of that fact, if I called them laws I
apologize. It's a minor nit to the uestion.

All
state taxing authorities, and the IRS in particular have no "law making"
authority..!!

The IRS certainly does not. The states are a different story,
varies from state to state. If you want to talk about Virgina
or Maryland, states in which I am familiar with the tax and aviation
laws, we can, but it's not really relevant to the conversation.

Hard to believe I know, but the IRS itself is a state
corporation, and it does make up it's own "rules."

The IRS is a division of the treasury department. It has makes
regulations based on supposed delegated authority from the congress
(based on various tax acts). The IRS is not a "state" (if you
mean state as in United States) anything, nor is it any sort of
corporation.

So, when one buys an
aircraft for personal use there is no "initial" need to report the purchase
to any agency unless you wish to register or fly it..,

Nobody said you had to report a purchase to the IRS. The trick in
the regulations is that titling and recording of liens for aircraft
are required to be done with the FAA.


I'll end.., AGAIN, with the note that, YES.., if one
is going to use the aircraft in business, or for any purpose that can BE
APPLIED to corporate or business use to qualify for the DEDUCTION.., then
yes, by all means, report the aircraft as such!! But for personal use..,
neyt..!! If they ask about it, then ask'em back.., I mean this is
America.., RIGHT..??


You're obviously a deluded idiot. If you have a capital gain that
you "neglect to pay" and "ask'em back" isn't going to keep you from
a world of pain if the IRS comes knocking.'

Believe me if the IRS wanted to they would note the fact that whoever
purchased your plane registered the ownership change. Believe me the
Commonwealth of Virginia does this to see if you owe any sales tax.