Story ID: 
NBAA: Don’t Gamble on Aviation Taxes
By: Chad Trautvetter
Caption: Association to hold Tax, Regulatory and Risk Management Conference on November 15 and 16 in Las Vegas in conjunction with its annual convention.
Word Count: 199
NBAA will hold its 2015 Tax, Regulatory and Risk Management Conference on November 15 and 16 in Las Vegas in conjunction with the association’s annual convention. The conference is designed for a range of aviation professionals, from those looking to learn about key federal and state tax issues to attendees interested in the latest tax policy trends.

One of the sessions will focus on state aviation taxes, which have become “aggressively enforced” over the last few years, according to Shackelford, Melton, McKinley & Norton partner David Norton, who will lead this segment at the conference. “Several states have recently rewritten the rules, and there are tax ramifications related to where you buy and use a business aircraft,” he said.

Wolcott & Associates president Jed Wolcott and the law firm’s “aviation taxologist,” Sue Folkringa, will also be presenting an educational session at the conference about deductions for an aircraft that is owned or operated by a family office, private equity firm, hedge fund or similar entity.

Other sessions at the conference include federal tax planning, managing aircraft depreciation, cost sharing and reimbursement options, personal use of aircraft and international tax and customs issues.