Analyzing Limitations on Tax Deductions

Business Aviation attorney John Hoover will speak at the National Business Aviation Association's (NBAA) 2022 Tax, Regulatory & Risk Management conference in Orlando, Florida. His session will take place on the first day of the two-day conference and will explore deduction limitations on business aircraft. He will explain how the elimination of the tax deduction of employee business expenses presents new planning challenges, review how passive activity and hobby loss rules affect business aviation and discuss the effects of making aircraft available for third-party charter through a management company or dry lease of aircraft between regarded entities. Holland & Knight is also a sponsor of the event.