CPE Credit

Attending NBAA’s Tax, Regulatory & Risk Management Conference provides a maximum of 12 hours of continuing education (CPE) credits for accounting professionals. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.

CPE

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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Program Knowledge Level: Basic
Prerequisite: None
Advance Preparation: None
Delivery Method: Group – Live
Maximum CPE Credit: 12 hours
Fields of Study: Taxes: 5 hours maximum CPE recommended
Business Law: 7 hours maximum CPE recommended
CPE Complaint Resolution Policy: For more information regarding administrative policies, such as complaints and refunds, please contact the National Business Aviation Association at 202-783-9000.

Learning Objectives

Completion of NBAA’s Tax, Regulatory & Risk Management Conference will achieve the following learning objectives:

  • Analyze planning tools for non-business use from an IRS, FAA and SEC perspective and understand its impact on the company and individual.
  • Review the importance of depreciation and the various methods, including MACRS and ADS.
  • Discuss the types of reimbursements that occur under Part 91 for non-business use of aircraft and implications for IRS and SEC compliance.
  • Explain how SIFL, entertainment use disallowance, and SEC rules company into play when managing non-business use.
  • Analyze common state tax planning strategies including aircraft leasing, fly away, occasional sale and other exemptions.
  • Learn the importance of understanding key insurance terms such as Named vs. Additional Insured and Waivers of Subrogation.
  • Analyze the excess business loss limitation rules, interest deduction limitation, and changes/limits on commuting flights.
  • Apply the exemption from federal excise tax for certain payments from aircraft owners to management companies was implemented in final IRS rules.
  • Review the recent FAA actions and penalties for leases that violated regulatory requirements.
  • Understand the filings that must be made when aircraft are exported, including the Electronic Export Information filing.
  • Review real-world audit scenarios involving business aircraft, how did the taxpayer respond, what was the outcome?

CLE Credit

NBAA will provide all registered attendees with an emailed attendance confirmation letter following completion of the Tax, Regulatory & Risk Management Conference. Attendance and participation in all sessions, could be eligible for a maximum of 12 hours of continuing legal education (CLE).

NBAA does not submit this program for approval to any state bar or CLE provider. Attendees seeking CLE credit must submit their own application using information from this event page.

The attendance confirmation letter may be used as part of your individual application to your state bar for CLE credit. The number of CLE credits listed is the maximum allowable credits attendees can request from their state CLE provider, based on attendance for the full session.

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.