NBAA's 20th Annual Leadership Conference
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NBAA's 20th Annual Leadership Conference
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In recent years, Internal Revenue Service (IRS) auditors have become more aggressive in their audits of aircraft management companies and charter operators. The auditors have begun assessing federal excise tax (FET) on a wide variety of non-commercial flight operations, including flights conducted by aircraft owners under FAR Part 91 when the aircraft is managed by an outside management company. In a new article, NBAA Tax Committee members Keith Swirsky and Christopher Younger of GKG Law, P.C. analyze whether FET applies to these operations, and if in certain situations IRS auditors may be incorrectly asserting the FET is due. Review the article on NBAA's FET page.
The FAA has released a TFR NOTAM detailing restrictions on General Aviation (GA) operations on February 5, 2012, during Super Bowl XLVI in Indianapolis, IN. From 1630L (2130z) until 2359L (0459z/06) all GA operations will be prohibited at Indianapolis International (IND), Eagle Creek Airpark (EYE), and Greenwood Municipal (HFY). NBAA has created a valuable web resource to assist operators planning flights to the event. Learn more.
Membership in NBAA is an essential part of being a successful business aircraft operator.
Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. Learn more.
NBAA offers benefits that help Members succeed, including: