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 are invited to attend this seminar. Both Members and non-Members of NBAA are eligible to attend.

Learning Objectives

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

  • Evaluate the differences between Parts 91 and 135 of the Federal Aviation Regulations (FARs) as they pertain to acceptable reimbursement for flights and effective tax planning.
  • Identify flights operated under Part 91 of the FARs that may be subject to Federal Excise Tax (FET).
  • Differentiate between trade or business expenses, expenses for the production of income, and hobby expenses, and when each is deductible.
  • Recognize the “leasing company trap” and avoid falling into it.
  • Differentiate between “passive loss” and “at risk rules” and understand how they apply.
  • Utilize common state sales and use tax exemptions applicable to business aircraft.
  • Respond to recent scrutiny by state taxing authorities on leasing companies which are commonly used for tax planning purposes.
  • Calculate any potential entertainment use disallowance resulting from non-business use of an aircraft and understand the IRS final regulations on this topic.
  • Determine if there are opportunities to utilize bonus depreciation in 2013 and 2014.
  • Structure aircraft management agreements to minimize the FET risk.
  • Evaluate management structures in light of IRS Chief Counsel Advice issued in 2012 and the resulting increase in FET audits.

CPE Credit

CPE CreditAttending this NBAA Business Aviation Taxes Seminar provides a maximum of 8.5 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: 8.5

Fields of Study:
Taxes (6.5 hours maximum CPE recommended)
Business Law (2.0 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 8.5 CLE credits for the full course.

CAM Credit

Candidates for the NBAA Certified Aviation Manager (CAM) credential may earn one point toward their CAM application or CAM renewal by attending this NBAA Business Aviation Taxes Seminar. Learn more at www.nbaa.org/cam.

Substitutions/Cancellations

Please email your cancellation and/or substitution request to registration@nbaa.org or send via fax to (202) 478-0036. A refund will be issued less a processing fee of 10% for cancellations, received in writing on or prior to 4/26/2013. There will be NO REFUNDS AFTER 4/26/2013.

For general information, contact NBAA’s Registration Department at (202) 478-7770.

Dress

The dress for all Conference events is business casual (slacks, skirts, blouses, sweaters and blazers for women, and slacks, polo shirts, button-down shirts, blazers or sweaters for men). Meeting rooms have a tendency to be cool, so bring a sweater or jacket.

Sponsorships

Sponsorship marketing opportunities are available to promote your business at the Conference. For information contact NBAA at sponsorship@nbaa.org.

Conference Sponsors:

Platinum

Husch Blackwell LLP Stewart H. Lapayowker, P.A.

Aircraft Logs.com

Gold

GKG Law, P.C.TVPX 1031 Exchange

Silver

Barnes & ThornburgAviation Financial Consulting

Wolcott & Associates, P.A.

Bronze

GWBAAHarper Meyer

Additional sponsorship opportunities are available. Please contact NBAA via sponsorships@nbaa.org to learn how you can become an important sponsor of the 2013 NBAA Business Aviation Taxes Seminar.

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.