CPE Credit

Attending the live sessions of the NBAA Virtual Aviation Tax & Transactions Review provides a maximum of 3 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.

CPE

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
Advanced Preparation: None
Prerequisites: None
Delivery Method: Group Internet Based
Maximum CPE Credit: 3 Hours
Field of Study: Taxes- 3 hours maximum CPE recommended

LEARNING OBJECTIVES

Completion of the three live Virtual Aviation Tax & Transactions Review sessions will achieve the following learning objectives:

  • Understanding of basic aircraft depreciation and how the ownership structure can impact the deductibility.
  • Review of federal tax concerns for common ownership structures and strategies to avoid pitfalls.
  • Determination of the applicable depreciation schedules for business aircraft, including the potential availability of immediate expensing.
  • Analysis of aircraft operations and structures to maximize depreciation deductions and potential recapture.
  • Understanding of the changes to tax policies such as net operating losses (NOLs) and the disallowance of excess business losses made under the CARES Act.
  • Application of the CARES Act suspension of certain Federal Excise Taxes on commercial air transportation.

CLE Credit

NBAA will provide all registered attendees with an emailed attendance confirmation letter following completion of a Virtual Aviation Tax & Transactions Review session. Attendance and participation in all sessions, could be eligible for a maximum of 6 continuing legal education (CLE) credits.

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.

NBAA does not submit this program for approval to any state bar or provider of continuing legal education. Attendees seeking CLE credit must submit their own application using information from this event page.

CAM Credit

All 6 Virtual Aviation Tax & Transaction Review sessions are eligible for a CAM application & recertification credit of .25 points each. Post-session surveys must be completed to receive credit.

For any questions on continuing education credits, contact NBAA’s Scott O’Brien at sobrien@nbaa.org.