Tax Reform in Focus at NBAA Tax, Regulatory & Risk Management Conference

Sept. 13, 2018

How do recent tax reforms and regulatory policy changes, including laws regarding bonus depreciation, impact aviation organizations?

Aviation attorneys, accountants, financial advisors and flight operations professionals looking learn more about the implications for business aviation should plan to attend the NBAA Tax, Regulatory & Risk Management Conference, a two-day educational event held Oct. 14-15, in conjunction with NBAA’s Business Aviation Convention & Exhibition (NBAA-BACE) in Orlando, FL.

“NBAA’s Tax, Regulatory and Risk Management Conference features the industry’s top experts on aviation tax law, the regulatory environment and risk management, but it’s not just for attorneys or accountants,” said Peter Korns, NBAA’s manager, tax, operations and workforce engagement. “This two-day conference provides a one-stop educational opportunity for anyone responsible for developing or managing a business aircraft operation, regardless of its size, to learn more about permissible FAA and IRS operating rules and limitations, as well as best practices for mitigating risk of exposure to unnecessary enforcement actions.”

The opening session will focus on the Tax Cuts and Jobs Act and its impact on business aviation, primarily regarding bonus depreciation and provisions related to aircraft management services. A later session will present an overview of the “Big Four” IRS regulations, including ordinary and necessary expenses, hobby loss rules, passive loss limitations and non-business use. Each of these will be explored in detail throughout the conference.

Regulatory topics, including permissible operating models under Part 91 and new and innovative air transportation models, also will be in focus.

Finally, presenters will provide guidance on how to prepare for audits, ensure secure and successful international transactions and properly manage aviation accidents and incidents through proper insurance coverage.

“Tax regulations and other policies have changed significantly in the past couple of years,” said Korns. “Are you confident your operation is compliant with regulations while maximizing the tax advantages for using an aircraft for business? Attend the Tax, Regulatory and Risk Management Conference to be sure.”

Continuing professional education, continuing legal education and Certified Aviation Manager (CAM) credits are available for conference attendees.

Learn more about the NBAA Tax, Regulatory & Risk Management Conference.