Attending the live sessions of the NBAA Aviation Tax & Regulatory Compliance Seminar provides a maximum of 6 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.
|Program Knowledge Level:||Basic|
|Delivery Method:||Group Internet Based|
|Maximum CPE Credit:||6 hours|
|Fields of Study:||Taxes: 3.5 hours maximum CPE recommended
Business Law: 2.5 hours maximum CPE recommended
|CPE Complaint Resolution Policy:||For more information regarding administrative policies such as complaint and refund, please contact the National Business Aviation Association at 202-783-9000.|
Completion of the NBAA GO Aviation Tax & Regulatory Compliance Seminar will achieve the following learning objectives:
- Analysis of Internal Revenue Code sections 162, 280F, 469, 465 and 274, and their relationship to maximizing bonus depreciation and related deductions.
- Understanding of the unique federal tax considerations when an aircraft is owned outside a traditional corporate structure.
- Discussion of how changing business aircraft use patterns, especially with COVID-19 impacts have made the classification of personal use flights more challenging.
- Analysis of the impacts of the disallowance for commuting expenses enacted as part of the Tax Cuts and Jobs.
- Review of best practices for complying with the complex rules for exporting an aircraft from the United States.
- Analysis of final rules from the IRS on the new exemption from Federal Excise Taxes (FET) for certain payments from aircraft owners to aircraft management companies.
- Understanding of compliance and planning issues for the FET suspension enacted by Congress as part of the CARES Act.
- Review NBAA’s leasing best practices, focus on FAA scrutiny of illegal/disguised charter and multiple dry leases/timesharing agreements and related tax issues.
NBAA will provide all registered attendees with an emailed attendance confirmation letter following completion of the Aviation Tax & Regulatory Compliance Seminar. Attendance and participation in all sessions, could be eligible for a maximum of 6 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 latter 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.