Program Schedule – 2021 Tax, Regulatory & Risk Management Conference

8:30 a.m. – 5 p.m.

Conference Registration

Location: W231 Lobby

8:30-9 a.m.

Continental Breakfast

Location: W231 Lobby

9-9:10 a.m.

Welcome and Introduction

9:10-9:45 a.m.

Business Aviation in a Post-COVID World

Hear from industry experts on the current state of the business aircraft market and tax planning challenges presented by the pandemic.

9:45-10:40 a.m.

Federal Tax Planning for Aircraft Purchases: Myth vs. Reality

Join a discussion-based session to learn how to proactively plan for potential tax benefits resulting from business aircraft ownership while avoiding common pitfalls.

10:40-11 a.m.

Morning Break

Location: W231 Lobby

11 a.m.-12 p.m.

Navigating the Complexities of Immediate Expensing

Immediate expensing is a key driver of the business aircraft market- this session will review why careful planning is required to realize this benefit and stay ahead of potential audit risks.

12-1 p.m.

Lunch

Location: W228

1-2 p.m.

Non-Business Use: Planning for Tax and Regulatory Compliance

Before making a business aircraft available for non-business use, there are numerous tax and regulatory considerations. A panel of experts will answer your questions on this challenging topic.

2-2:45 p.m.

Reimbursements Under Part 91: Myth vs. Reality

There are limited options for reimbursement under Part 91 of the Federal Aviation Regulations, which can provide added flexibility for aircraft ownership. Using real-world examples, this panel will discuss how to analyze reimbursement options.

2:45-3 p.m.

Afternoon Break

Location: W231 Lobby

3-4 p.m.

Avoiding State Tax Surprises

State tax planning is a critical part of the aircraft transaction and must be reevaluated frequently during aircraft ownership. This expert panel will discuss how to proactively plan for sales/use, property tax and related issues.

4-4:45 p.m.

Risk Management Update

The last several years have presented unprecedented changes in business aircraft insurance markets. This session will review the state of the insurance market, trends and how to integrate risk management into the aircraft transaction.

5 p.m.

Evening Networking Reception

Location: W231 Lobby

8:30 a.m. – 5 p.m.

Conference Registration

Location: W231 Lobby

8:30-9 a.m.

Continental Breakfast

Location: W231 Lobby

9-9:10 a.m.

Welcome and Introduction

9:10-10:10 a.m.

Emerging Federal Tax and Regulatory Issues

Recent IRS regulations that limit deductions for commuting costs, meals and business entertainment have implications for aircraft owners and operators. Speakers will analyze those changes and other final rules related to the Tax Cuts and Jobs Act that impact business aviation.

10:10-11 a.m.

Federal Excise Tax Update and Opportunities for Aircraft Management

Recent final regulations from the IRS provide clarity and potential planning opportunities for aircraft owners, management companies and charter operators. Using real-world scenarios, our panel will analyze the applicable rules and their implementation.

10:40-11 a.m.

Morning Break

Location: W231 Lobby

11:00-11:30 a.m.

Aircraft Leasing Compliance Strategies

Location: W231 Lobby

11:30 a.m.-12:30 p.m.

Lunch

Location: W228

1:30-2:30 p.m.

Planning for Aircraft Exports

Learn about common misconceptions surrounding aircraft exports and what could be overlooked during a transaction. Our speakers will review how an export is defined, filing requirements and recent enforcement actions.

2:30-3:15 p.m.

FAA Registry Modernization Update

The FAA is embarking on a significant modernization of the Aircraft and Airmen Registry that will introduce new capabilities. Learn about the status of this project and how it could impact the closing process.

3:15-3:30 p.m.

Afternoon Break

Location: W231 Lobby

3:30-4:15 p.m.

Are you Prepared for an IRS Audit?

To conclude the conference, we will review the critical federal tax code sections that frequently apply to business aircraft ownership and operation in the context of potential audit risks.