Continuing Education – 2022 NBAA Tax, Regulatory & Risk Management Conference

CPE Credit

Attending NBAA’s Tax, Regulatory & Risk Management Conference provides a maximum of 14 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.

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.

Learning Objectives

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

• Analyze market trends in business aircraft, including demand and supply signals, owner/operator sentiment, values, and the near-term outlook.
• Learn about upcoming tax changes, such as phase down of bonus depreciation, excess business loss provisions and other potential modifications to Tax Cuts and Jobs Act provisions.
• Learn when reimbursements are permitted under the Federal Aviation Regulations (FARs), including an overview of options under FAR 91.501 and key differences between FAR Part 91 and 135.
• Learn what factors limit depreciation deductions. What are the impacts of personal use, hobby loss limitations and passive activity classification?
• Analyze real world flight and passenger scenarios you may encounter in managing personal use flights, including how to calculate imputed income.
• Review how to develop an aircraft use policy, who is involved and how to onboard users.
• Discuss examples of “non-traditional” aircraft ownership structures that present passive/hobby loss challenges.
• Review how dry leases are used as planning tools, what are the proper uses of dry leases and what pitfalls to avoid.
• Analyze the latest flight tracking technology, how ADS-B mandates present security challenges and strategies aircraft owners/operators can use to manage risk.
• Review how Part 135 operators complete and file Federal Excise Tax forms, including the regular and alternate methods, deposits, and key IRS forms.
• Learn about the latest guidance on aircraft export issues and EEI filings from key regulators with oversight of the process.
• Describe common insurance certificates and endorsements (e.g., what do they mean, what are possible implications for the aircraft owner?).
• Review state tax scenarios, such as when an aircraft spends more time in a certain state (or multiple states) than expected.

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 14 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.