Continuing Education – 2024 NBAA Tax, Regulatory & Risk Management Conference

CPE Credit

Attending the 2024 NBAA Tax, Regulatory & Risk Management Conference provides a maximum of 14.5 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 2024 NBAA Tax, Regulatory & Risk Management Conference will achieve the following learning objectives:

• Review the key issues to consider when acquiring a business aircraft and how to ensure the right team is in place.
• Analyze real world flight and passenger scenarios you may encounter in managing personal use flights, including how to calculate imputed income.
• Understand how to navigate an IRS audit.
• Review the phase-out of bonus depreciation and how to address a change in the predominant use of an aircraft.
• Understand how various FAA and IRS regulations assess situations where parties share use of an aircraft.
• Learn how more advanced aircraft ownership structures create legal and tax compliance challenges.
• Analyze common state tax planning strategies including aircraft leasing, fly away, occasional sale and other exemptions.
• Understand the application of the disallowance on commuting deductions and implications for aircraft use policies
• Review the exceptions to the disallowance for commuting expenses and the activities that could classify a flight as “business entertainment.”
• Learn how to prepare for an IRS focused on ownership and use of a business aircraft.
• Review which operators are responsible for collecting and remitting Federal Excise Taxes (FET).
• Understand the latest developments in the aircraft insurance marketplace.
• Review how to develop an aircraft use policy and what needs to be included.
• Learn about the latest guidance on aircraft export issues and compliance with the Corporate Transparency Act.
• Understand how aircraft leasing options change based on the primary use and ownership structure of the aircraft.

CLE Credit

The 2024 NBAA Tax, Regulatory & Risk Management Conference has been approved for 12.0 hours of CLE credit by the State Bar of Nevada. Attendees seeking Nevada CLE credit must sign in and out each day and provide their Nevada bar number to NBAA’s Benjamin Schwalen.

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

NBAA will provide registered attendees who have signed in and out with an emailed attendance confirmation letter following the conference. The attendance confirmation letter may be used as part of an individual application to a state bar for CLE credit.

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