NBAA Business Aviation Taxes Seminar

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General Information

Who Should Attend

Attorneys, accountants, tax advisors, aviation professionals, flight department personnel, aircraft owners/operators, and others who have an interest in taxation issues associated with business aircraft. Both Members and non-Members of NBAA are invited to attend. NBAA recommends that flight department personnel planning to attend this intermediate-to-advanced-level seminar first attend the NBAA Tax, Regulatory & Risk Management Conference. The most recent conference is available online via distance-learning format at www.nbaa.org/ondemand.

Learning Objectives

Attendees of this NBAA Business Aviation Taxes Seminar will learn how to:

  1. Maximize business aircraft tax planning while complying with the Federal Aviation Regulations.
  2. Understand the application of federal excise taxes on business aircraft operations, and identify aspects the IRS may focus on during audit.
  3. Enhance the company’s tax position by taking advantage of depreciation.
  4. Understand how passive activity rules can limit the utility of aircraft-related deductions.
  5. Comply with entertainment use disallowance rules.
  6. Learn to plan ahead regarding tax issues in structuring the purchase and sale of business aircraft.
  7. Implement strategies for addressing state and local aviation taxes.

CPE Credit

Attending this NBAA Business Aviation Taxes Seminar provides a maximum of 7.5 hours of recommended continuing education (CPE) credits. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.

NBAA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Course Level: Introductory
Prerequisite: None
Preparation: None required.
Delivery Method: Group-Live
Level of Knowledge: Overview
Maximum CPE Credit: 7.5 based on a 50-minute hour

Fields of Study:
Taxation (6.0 hours maximum CPE recommended)
Business Law (1.5 hours maximum CPE recommended)

CPE Complaint Resolution Policy: For more information regarding administrative policies such as complaint and refund, please contact NBAA at (202) 783-9000.

CLE Credit

NBAA has not submitted this course for CLE approval to any state CLE provider. Upon written request, the NBAA will provide individual attorneys with an attendance confirmation letter to support their application for CLE credit in their respective states. Based on a 50-minute hour, the NBAA Business Aviation Taxes Seminar may be eligible for a maximum of 7.5 CLE credits for the full course.

CAM Credit

Candidates for the NBAA Certified Aviation Manager (CAM) credential may earn 1 point towards their CAM application or CAM renewal by attending this NBAA Business Aviation Taxes Seminar.

Substitutions/Cancellations

A full refund less 10 percent processing fee will be made for seminar cancellations received in writing prior to May 27, 2011. NBAA understands the last-minute nature of corporate aviation and has allowed as much flexibility as possible. However, there will be NO REFUNDS after May 27, 2011. All requests must be made in writing or by fax to (202) 478-0036. The postmark or fax transmission date will determine date of cancellation. If you are unable to attend and wish to send another representative from your company, e-mail the name of your replacement to registration@nbaa.org.

Any person who attends an NBAA convention, conference, seminar or other program grants permission to NBAA, its employees and agents (collectively "NBAA") to record his or her visual/audio images, including, but not limited to, photographs, digital images, voices, sound or video recordings, audio clips, or accompanying written descriptions, and, without notifying such person, to use his or her name and such images for any purpose of NBAA, including advertisements for NBAA and its programs.