NBAA is planning a busy month of professional development seminars in October covering numerous issues surrounding aircraft transactions, ownership structures, and taxation. The NBAA GO series of virtual professional development seminars come as the association works to bring most of the information that it typically would have presented in tandem with its annual NBAA-BACE event, along with additional features and discussions, to its members online.

NBAA will kick off the Virtual Aviation Tax & Transaction Review on October 13, presenting a series of three live and three pre-recorded sessions featuring industry experts who will provide an overview of key tax and regulatory issues.

“The Virtual Aviation Tax & Transactions Review offers business aviation stakeholders an important opportunity to benefit from the expertise of NBAA Tax Committee members in navigating often conflicting FAA regulations and tax law,” said Scott O’Brien, NBAA senior director of government affairs, adding the sessions also will put these issues in context with the Covid-19 environment.

Live sessions include "The A to Z of Tax Depreciation for Aircraft Owners: How to Maximize Deductions and More" on October 13 at 2:30 p.m. EDT; "Tax Aspects of a Successful Aircraft Transaction" on October 20 at 2:30 p.m. EDT; and "CARES Act Business Tax Changes" on October 27. The hour-long live sessions will include interactive question and answer forums.

Pre-recorded sessions include "Regulatory Aspects of a Successful Aircraft Transaction;" "Tools to Share Aircraft Costs and Increase Utilization;" and "Planning for Non-Business Use of Aircraft."

Each session is eligible for continuing legal education credit and CAM recertification credit. The live sessions can count toward continuing professional education credit for CPAs. 

In addition to the tax and transactions session, NBAA also is hosting a safety week from October 5 to 9, providing its popular sessions online that are traditionally featured at NBAA-BACE.