Review the schedule for the 2019 Tax Conference.
All sessions will take place in the Las Vegas Convention Center.
Sunday | Monday

Sunday, October 20, 2019

8:30 a.m. – 5:00 p.m.
Conference Registration

Location: N250 Pre-function Space

8:30 a.m. – 9:00 a.m.
Continental Breakfast

Location: N250 Pre-function Space

9:00 a.m. – 9:10 a.m.
Welcome and Introductions

Location: N250
Presenter: Peter Korns, NBAA

9:10 a.m. – 9:30 a.m.
Conference Overview

Location: N250
Presenters: David Hernandez, Vedder Price PC; George Rice, BIZJETCPA

9:30 a.m. – 10:30 a.m.
Navigating the FAA Regulations and Operating Structures: The Good, Bad and Ugly

Location: N250
Presenters: David Hernandez, Vedder Price PC; David Norton, Shackelford, Bowen, McKinley & Norton, LLP

When analyzing the best structuring for the ownership and operation of an aircraft, it is critically important to take into account what the Federal Aviation Administration might have to say in addition to the important state and federal tax issues to consider. This session will introduce you to the key FAA rules an aircraft operator needs to understand and plan for, as well as touch upon several current hot topics such as aircraft leasing and the FAA’s recent enforcement activities against those operators who are doing things incorrectly.

10:30 a.m. – 11:00 a.m.
Morning Break

Location: N250 Pre-function Space

11:00 a.m. – 11:30 a.m.
Depreciation 101

Location: N250
Presenters: Vicky Boladian, Aerlex Tax Services; Angel Houck, Houck & Christensen CPAs, LLC

Many business aircraft are able to be depreciated over time for income tax purposes. There are a variety of factors that taxpayers must consider in determining if an aircraft is eligible for depreciation including what method and recovery period should be followed. This session will present an introduction to how aircraft depreciation works, the different schedules, and qualification criteria.

11:30 a.m. – 12:30 p.m.
Key Federal Tax Issues and Audits

Location: N250
Presenters: Alan Burnett, CenterPoint Aviation Law PLLC; Keith Swirsky, GKG Law

This session will focus on the federal tax planning issues most frequently dealt with in aircraft ownership and operations structuring and in federal tax audits. Topics include the “ordinary, necessary and reasonable” threshold test, eligibility for MACRS and bonus depreciation, the passive activity loss limitation rule, personal use of the corporate aircraft classifications and recordkeeping requirements. Audit defense strategies will also be addressed.

12:30 p.m. – 1:45 p.m.
Lunch

Location: N252

1:45 p.m. – 2:30 p.m.
State Taxes and Business Aviation: What We Know Now and How the Supreme Court Just Changed the World

Location: N250
Presenters: Nel Stubbs, Conklin & de Decker Associates, Inc.; Jordan Miller, CenterPoint Aviation Law PLLC

The session will address how sales and use taxes are applied to business aviation, how flight departments and business owners should think about state taxes, and how the Supreme Court’s recent Wayfair decision may impact state tax planning as applied to business aviation.

2:30 p.m. – 2:40 p.m.
Transition to Breakouts
2:40 p.m. – 3:30 p.m.

Breakout Sessions

Business Aircraft Use Policies: How to Make Policy Become Real?

Location: N250
Presenters: Joanne Barbera, Barbera & Watkins, LLC; Deborah Bew Liu, Aircraft Acquisitions, Inc.; Jason Maddux, Garofalo Goerlich Hainback P.C.

Strategy and process are key to bringing together headquarters and flight departments to develop a plan to express values, anticipate issues, establish communication, analyze responses and document results. This session provides a roadmap to prepare your team to shine as you deal with conflicting trip requests, personal use, leasing and time sharing, tax documentation, insurance parameters, security and privacy, carriage of candidates and more.


Non-public or Family Office Considerations, Hobby Loss

Location: N246
Presenters: Alvaro Pascotto, Law Offices of Alvaro Pascotto; Joe Park; BIZJETCPA

Family offices and other similar non-public entities that own or operate aircraft present unique challenges, as a determination must be made as to whether the aircraft is used in a trade or business. This session will discuss factors to consider, limitations on the deductibility of expenses and business losses, commonly used structures of ownership and operation and related issues, pitfalls and compliance matters, and review relevant cases. Non-trade / non-business activity tax ramifications and the application of the hobby loss rules when there is occasional charter income will also be discussed.

3:30 p.m. – 4:00 p.m.
Afternoon Break

Location: N250 Pre-function Space

4:00 p.m. – 5:00 p.m.
International Aircraft Transactions – Fact Checking the Fake News

Location: N250
Presenters: Adrian Jones, Martyn Fiddler Associates; Katie DeLuca, Harper Meyer; Scott McCreary, McAfee & Taft

Aviation transactions are inherently complex and involve multiple legal and technical disciplines. Transactions involving aircraft purchased/sold outside the US, or that involve non-citizen buyers/sellers/ownership/operation of US registered aircraft, are even more complex. This panel will fact check the latest aviation news headlines involving Brexit, VAT, foreign owner tax liabilities, GDPR, US registration requirements, trusts/GATS, Part 375 operations, US customs and other tax and regulatory issues prevalent in international aircraft transactions.

5:00 p.m. – 6:00 p.m.
Evening Networking Reception

Location: N250 Pre-function Space

Monday, October 21, 2019

8:30 a.m. – 5:00 p.m.
Conference Registration

Location: N250 Pre-function Space

8:30 a.m. – 9:00 a.m.
Continental Breakfast
Location: N250 Pre-function Space
9:00 a.m. – 9:10 a.m.
Welcome and Day Two Introductions

Location: N250
Presenter: Peter Korns, NBAA

9:10 a.m. – 10:45 a.m.
Key Tax Reform Topics

Location: N250
Presenters: John Hoover, Holland & Knight; Jed Wolcott, Wolcott & Associates, CPA’s

The Tax Cuts and Jobs Act of 2017 has stimulated the aviation industry with 100% bonus depreciation, but existing and additional new rules and provisions impose hurdles and traps for the unwary. This session will discuss strategies to maximize the bonus depreciation deduction, examine deductions for entertainment expenses, and analyze the excess business losses limitation and how it could limit deductions.

10:45 a.m. – 11:15 a.m.
Morning Break

Location: N250 Pre-function Space

11:15 a.m. – 12:15 p.m.
So What!? Managing Aviation Risk to Protect Your Company & Your Reputation

Location: N250
Presenters: Cliff Maine, Barnes & Thornburg, PLC; Stewart Lapayowker, Lapayowker Jet Counsel, P.A.; Jeff Agur, VanAllen.

In an industry focused on safety risk management and safety management systems, business aviation involves numerous risks that are not contained in the flight training or operational environment. This panel discussion will highlight many of the lesser-known, non-operational risks to your organization. Topics will include illegal charter, back-to-back transactional challenges, aircraft registration options to reduce public tracking, and various hidden risks that can bring about unintended exposure.

12:15 p.m. – 1:30 p.m.
Lunch

Location: N252

1:30 p.m. – 2:30 p.m.
Fundamental Tax Issues of Non-Business/Personal Use of Business Aircraft

Location: N250
Presenters: George Rice, BIZJETCPA; Sean Fitzgibbons, Walmart, Inc

Learn the tax implications of non-business/personal use as it relates to mixed purpose flights, spousal travel, fringe benefit wage imputation and the expense disallowances related to business entertainment, personal entertainment, and commuting uses of the aircraft. This session will include a discussion of the general documentation requirements for business use and the complexities and special rules often encountered in leasing structures.

2:30 p.m. – 3:00 p.m.
Afternoon Break

Location: N250 Pre-function Space

3:00 p.m. – 4:00 p.m.

Breakout Sessions

Specific Entertainment Disallowance/Deductions Examples

Location: N250
Presenters: Ruth Wimer, Winston & Strawn LLP; Ryan DeMoor, Satcom Direct, Inc.

Maximizing deductions is always desired. However, it is common for aircraft owners to inadvertently take overlapping deduction disallowances related to meals and entertainment. This is because the aircraft crew and passenger expenses may first be subject to the usual 50% and 100% deduction disallowances applicable to all company meals and entertainment, and then the same expenses are again subject to the special 100% deduction disallowance for air travel which is considered entertainment. This session will provide an overview of these rules, common scenarios as illustrations, and best practices to avoid this “overlapping” problem.


Federal Excise Taxes: How FETs Work and What You Should Know

Location: N246
Presenters: Letisha Bivins, Advocate Consulting Legal Group; Sue Folkringa, Wolcott & Associates, CPA’s

What are Federal Excise Taxes (FET) and how do they apply to aircraft operations? How are these taxes calculated, reported and remitted? Are there any exemptions from FET? These and other questions will be addressed during this session that uses common scenarios to illustrate proper IRS compliance.

4:00 p.m. – 5:00 p.m.
Looking Forward: Regulating Emerging Aviation Trends

Location: N250
Presenters: Helen Cleary, BlackBird; Dayton Lehman, Capitol Business Solutions; Paul Lange, Law Offices of Paul A. Lange LLC

Operators and air charter brokers are using new technology for selling charter flights via the Internet, with an increasing emphasis on selling individual seats on charter flights using mobile apps and platforms designed to create crowdsourced charter flights. Our panel will explore these new technological opportunities and will discuss the regulatory risks and concerns associated with such operations, ranging from the applicability of DOT’s new air charter broker rules and associated consumer disclosures required of both brokers and operators to the licensing and operational control concerns associated with certain operations.

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