NBAA’s Tax, Regulatory and Risk Management Conference will delve into key IRS code sections that require careful planning when creating business aircraft ownership and operating structures, among other related topics. The two-day event will be held just before the NBAA Convention, on October 30 and 31 in Orlando, Florida.
Tax conference presenter Jed Wolcott, president and owner of Wolcott & Associates, said that the “ordinary and necessary” test, hobby loss rules, passive loss rules and rules for non-business use of an aircraft will be covered indepth during the two-day conference. Other sessions include FAA and DOT regulation compliance, aircraft sales/exports in challenging juridictions, managing non-business aircraft use and managing risk in aircraft transactions and operations.
Meanwhile, aviation attorneys Joanne Barbera of Barbera & Watkins and Stewart Lapayowker of Lapayowker Jet Counsel recently did a webinar to preview their session on the tax and regulatory implications of business aircraft sharing. A more comprehensive version of this panel discussion, which will also include Ryan DeMoor of Amway, will be presented on the first day of the conference in Orlando.