Continuing Education – 2023 NBAA Tax, Regulatory & Risk Management Conference

CPE Credit

Attending the 2023 NBAA 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 the 2023 NBAA 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 outlook for fractional and jetcard companies.
• Review how key operational and regulatory issues impact the ownership, operations and taxation of a business aircraft.
• Review the exceptions to the disallowance for commuting expenses and the activities that could classify a flight as “business entertainment.”
• Learn all the relevant data points that must be collected when performing calculations using Standard Industry Fare Level (SIFL) rules.
• Learn what factors limit depreciation deductions. What are the latest developments as the bonus depreciation phasedown begins?
• Discuss the complex operational and tax considerations that arise when owning an aircraft with another party.
• Review how dry leases are used as planning tools, what are the proper uses of dry leases and what pitfalls to avoid.
• Discuss examples of “non-traditional” aircraft ownership structures that present passive/hobby loss challenges.
• Review which operators are responsible for collecting and remitting Federal Excise Taxes (FET).
• Review state tax scenarios, such as when an aircraft spends more time in a certain state (or multiple states) than expected.
• Learn how international aircraft transactions differ from domestic transactions and how to ensure due diligence is performed.
• Understand what Sustainable Aviation Fuel (SAF) is and how it is taxed.

CLE Credit

NBAA will provide registered attendees who have signed in and out with an emailed attendance confirmation letter following completion of the Tax, Regulatory & Risk Management Conference. Attendees could be eligible for a maximum of 14 hours of continuing legal education (CLE) for full attendance.

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.

For additional questions on continuing education credits, contact NBAA’s Benjamin Schwalen.