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NBAA 17th Annual Tax, Regulatory and Risk Management Conference
October 4-5, 2008 • Orlando, FL
Rooms S320CD & S320GH
Orange County Convention Center
Held in conjunction with NBAA 61st Annual Meeting and Convention.
Coping with the regulation of business aircraft ownership and operations by various federal and state agencies has grown significantly more challenging in recent years. This educational conference will shed light on the essential elements of the business aviation tax, regulatory and risk management environment.
Legal, tax and regulatory experts will provide you with a basis for understanding how various tax and aviation laws and regulations apply to business aircraft. Current tax and aviation regulatory developments and issues will be addressed that are of interest to flight departments, aircraft management companies, aircraft fractional programs, charter operators, charter brokers, and advisors to business aircraft owners and operators.
Past Tax Conference attendees have said:
“The presenters provided practical, tangible advice rather than just issue spotting.”
“The seminar, speakers and topics were excellent.”
“My main purpose for attending this conference was to get more detailed guidance on disallowed costs for non-business use of corporate aircraft…there was excellent, detailed information presented.”
Who Should Attend
Flight department personnel, aircraft owners and operators, aviation professionals, chief financial officers, accountants, tax specialists, schedulers, dispatchers, lawyers and others who have an interest in aviation tax, operational and regulatory issues. Both members and nonmembers of NBAA are invited and encouraged to attend.
- Agenda
- Learning Objectives
- Conference & Hotel Information
- Registration
- CPE & CLE Credit
- Sponsors
 Download the Tax, Regulatory and Risk Management Conference brochure (1.6 MB, PDF)
Saturday, October 4, 2008 |
9:00 am – 9:15 am |
Introduction
Joanne Barbera, Barbera & Watkins, LLC |
| 9:15 am – 10:15 am |
Introduction to FARs
Gary B. Garofalo, Garofalo Goerlich Hainbach P.C.;
David Norton, Shackelford, Melton & McKinley, LLP
Most business aircraft operate under either FAR Part 91 or 135. Learn the advantages and disadvantages of each regulatory scheme and how to charge for aircraft operations without violating regulatory requirements. |
| 10:15 am – 10:55 am |
State Aviation Taxes
Stan Cichowski, Deloitte Tax LLP
Learn about how states tax business aircraft ownership and operations, including some of the latest state tax developments. |
| 10:55 am – 11:15 am |
Morning Break |
| 11:15 am – 12:15 pm |
Understanding Excise Taxes
Patrick McGinty, Epic Aviation;
Glenn Hediger, RSM McGladrey
A comprehensive introduction to transportation and fuel excise taxes, including discussion of current issues such as fuel fraud, single member LLCs and Q subs, disregarded entities and fractional shares. |
| 12:15 pm – 1:15 pm |
Lunch
A seated lunch is included in the registration fee
for this Conference. |
| 1:15 pm – 2:15 pm |
Depreciation and Heavy Maintenance
Ed Kammerer, Hinckley Allen & Snyder LLP
Learn the basics of business aircraft depreciation and bonus depreciation, including the latest regulatory developments concerning heavy maintenance shop visits and how to avoid
depreciation recapture through a like-kind exchange. |
| 2:15 pm – 2:45 pm |
Aviation Security Update
Doug Carr, National Business Aviation
Association, Inc.
Learn about the latest developments in security measures affecting business aviation. |
| 2:45 pm – 3:15 pm |
Afternoon Break |
| 3:15 pm – 4:15 pm |
How to Stay in Control of “Operational
Control”
Moderator:
Mike Nichols, National Business Aviation
Association, Inc.
Panelists:
Jeff Daniels, CAM – Zurich, N.A.;
Ashley Smith, Jet Logistics, Inc.;
Craig Weller, Galland, Kharasch, Greenberg,
Fellman & Swirsky, PC
Recent FAA regulatory developments concerning operational control of business aircraft in Part 135 operations have had widespread consequences for Part 91 and 135 operators, certificate holders, management companies and insurance providers. Get the latest advice from operators and aircraft management experts on how to navigate the operational control maze. |
| 4:15 pm – 4:45 pm |
Topics in Risk Management
Melissa Harder, Willis Global Aviation
Learn how to manage the risks associated with owning and operating a business aircraft, including tips on understanding key aviation insurance concepts. |
| 4:45 pm – 5:15 pm |
Open Q&A for Day 1
All presenters from the first day’s presentations will be available to answer your questions. |
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Sunday, October 5, 2008 |
| 8:30 am – 8:45 am |
Day 1 Recap and Day 2 Introduction
Joanne Barbera, Barbera & Watkins, LLC |
| 8:45 am – 9:45 am |
Introduction: Non-Business Use of Company Aircraft
Phil Crowther, Law Offices of Phil Crowther;
John Hoover, Dow Lohnes PLLC
How to make your aircraft available to company employees for non-business flights without violating FAA rules or IRS requirements. Learn how and to what extent employees can pay for flights and how to impute income to employees using the SIFL formula. |
| 9:45 am – 10:30 am |
Coping with IRS Personal Use Requirements
Keith Swirsky, Galland, Kharasch, Greenberg,
Fellman & Swirsky, PC;
Jed Wolcott, Wolcott & Associates, CPA’s, P.A.
Our panel of experts will provide an in-depth exploration of how best to deal with IRS limitations on the ability of companies to deduct aircraft expenses for tax purposes to the extent the aircraft is involved in non-business use. |
| 10:30 am – 11:00 am |
Morning Break |
| 11:00 am – 11:45 am |
SEC Aircraft Reporting
Alvaro Pascotto, Morrison & Foerster, LLP
An exploration of reporting and corporate governance issues faced by publicly traded companies operating aircraft, including SEC disclosures of executive compensation and
related party transactions, and compliance with recent SEC publications and the Sarbanes- Oxley Act of 2002. |
11:45 am –
12:30 pm |
Update on Aircraft Registry Issues
Frank Polk, McAfee & Taft;
Amy Rhodes, General Electric
After a brief introduction to FAA aircraft registration and citizenship issues, this session will discuss the latest developments in registration requirements, including obtaining flight wires and proposed re-registration of aircraft. In addition, the importance of maintaining a proper registration of aircraft interests on the new International Registry will be discussed. |
| 12:30 pm – 1:30 pm |
Lunch
A seated lunch is included in the registration fee
for this Conference. |
1:30 pm –
2:15 pm |
Issues in Aircraft Acquisition
Stewart Lapayowker, Goldstein Lapayowker, LLP;
Jeff Wieand, Boston Jetsearch, Inc.
An introduction to tax, regulatory, legal and risk management issues in purchasing a business aircraft. |
2:15 pm – 3:00 pm |
Top 10 Mistakes Operating Under Part 91
Eileen Gleimer, Crowell & Moring LLP
Some of the more frequent ways that business aircraft operators run afoul of FAA requirements
will be explored. |
| 3:00 pm – 3:30 pm |
Afternoon Break |
| 3:30 pm – 4:15 pm |
Flying Candidates for Election and
Staying Legal
Cliff Maine, Barnes & Thornburg, PLC
The latest on the ever-changing FAA, FEC, congressional and state requirements regarding
carriage of candidates for elected office. |
| 4:15 pm – 5:00 pm |
Ask the Experts
Joanne Barbera, Barbera & Watkins, LLC;
Glenn Hediger, RSM McGladrey;
Kent Jackson, Jackson, Wade & Blanck, LLC
Our panel of experts answers questions from
the audience. |
| 5:00 pm – 5:30 pm |
Open Q&A for Day 2 |
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Attendees of this NBAA Tax, Regulatory and Risk Management Conference will learn how to:
1. Maximize business aircraft tax planning while complying with the Federal Aviation Regulations.
2. Implement strategies for addressing state and local aviation taxes.
3. Understand the application of Federal Excise Taxes on business aircraft operations.
4. Ensure compliance with IRS rules regarding entertainment use of business aircraft.
5. Implement best practices to ensure operational control systems are in place for aircraft used in charter or managed by an aircraft management company.
6. Interpret the IRS’s proposed regulations on heavy maintenance and realize maximum depreciation for the business airplane.
7. Register aircraft with the FAA and Cape Town International Registry.
8. Comply with TSA regulations applicable to business aircraft operations.
9. Meld various regulatory requirements in an aircraft sale or purchase, ensuring compliance and a smooth transaction.
10. Manage risk associated with aircraft ownership and operations through proper insurance planning.
This NBAA Tax, Regulatory & Risk Management
Conference will be held in the South Hall, 3rd
Floor, Room S320 (Sections C, D, G, and H),
of the Orange County Convention Center.
Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Housing can be reserved via Travel Planners, the Official Housing and Travel Coordinator for the National Business Aviation Association’s 61st Annual Meeting & Convention. http://web.nbaa.org/public/cs/amc/2008/housing/. Hotels are available at a variety of price points throughout the city of Orlando, Florida.
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Enterprise is the official car rental company of NBAA. Save an additional
10% through Enterprise Rent-A-Car. Whether you're at home
or away, at a general aviation or commercial airport. Enterprise has
the right car, truck, van or SUV to meet your needs. With Enterprise,
you will enjoy great savings on more than 550,000 vehicles. Plus, their
rates at airports are up to 20% lower than other rental car companies.
And with more than 5,500 neighborhood and airport locations, there's
sure to be a location near you. To take advantage of this great offer,
you must book through www.enterprise.com and use your special
NBAA discount number NA16100.
Enterprise
(800) 736-8222
Discount Code: NA16100
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Registration fees:
Member - $995
Non-Member - $1,295
NBAA is pleased to offer the convenience of online registration to all Attendees of the 17th Annual NBAA Tax, Regulatory & Risk Management Conference. Open your web browser and go to the following NBAA website for secure registration: http://web.nbaa.org/ public/cs/taxconf/2008/.
Please provide all requested information to complete your registration. A credit card is required for on-line registration. Registering for this Conference includes registration to NBAA’s Annual Meeting & Convention.
You must use the Convention Registration site to register for the Tax Conference.
A full refund less a 10 percent processing fee will be made for seminar cancellations received
in writing prior to September 26, 2008. NBAA understands the last-minute nature of corporate aviation and has allowed as much flexibility as possible. However, there will be NO REFUNDS after September 26, 2008. All requests must be made via e-mail or fax to registrations@nbaa.org or
(202) 737- 4478. If you are unable to attend and wish to send another representative from your Company, simply email your substitution request to NBAA at registrations@nbaa.org.
For general information, contact NBAA’s Dina Green at (202) 783-9357.
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Attending this NBAA Tax, Regulatory and Risk Management Conference provides a maximum of 15.5 hours of recommended continuing education (CPE) credits. 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 addressed to the National Registry of
CPE Sponsors, 150 Fourth Avenue North, Suite
700, Nashville, TN, 37219-2417. Web site: Web site: www.nasba.org.
 Course Level: Intermediate
Prerequisite: None
Preparation: None required
Delivery Method: Group-Live
Level of Knowledge: Overview
Maximum CPE Credit: 15.5 based on a 50-minute hour
Fields of Study: Taxation (7.0 hours maximum CPE recommended)
Business Law (8.5 hour 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.
NBAA has not submitted this course for CLE approval to any state CLE provider. Upon written request, the NBAA will provide individual attorneys with an attendance confirmation letter to support their application for CLE credit in their respective states. Based on a 50-minute hour, the NBAA Tax, Regulatory and Risk Management Conference may be eligible for a maximum of 15.5 CLE credits for the full course.
NBAA wishes to thank its generous sponsors for supporting the 17th Annual NBAA Tax, Regulatory& Risk Management Conference.
Galland, Kharasch, Greenberg,
Fellman & Swirsky, P.C.
If you would like to sponsor the 2009 Tax Committee Conferences, please contact NBAA’s
Mike Nichols at (202) 783-9254.
Any person who attends an NBAA convention, conference, seminar or other program grants permission to NBAA, its employees and agents (collectively "NBAA") to record his or her visual/audio images, including, but not limited to, photographs, digital images, voices, sound or video recordings, audio clips, or accompanying written descriptions, and, without notifying such person, to use his or her name and such images for any purpose of NBAA, including advertisements for NBAA and its programs.
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