Wolcott & Associates, P.A.
Certified Public Accountants
info@aviation-cpa.com 954.763.9363
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    Webinars Wolcott & Associates, P.A. is a full-service CPA firm with a practice limited to aviation. Our services include preparation of aircraft-related federal and state tax returns, aviation financial reporting, structuring aircraft purchases and sales, and IRS and state aircraft audit defenses.
  • SIFL and Cost Disallowance: Reporting Personal Use of Business Aircraft 5-22-14

    Learn the rules and techniques for calculating the tax consequences from the personal use of company aircraft. Includes using spreadsheets and software to track flights and prepare tax computations. Participants will gain an in-depth practical understanding of how to analyze, calculate, and minimize the cost limitations and learn the rules and techniques for calculating the taxable benefit from the personal use of company aircraft.

    Date & Time: 05/22/14 12:00:AM ET
    Length: 1 Hour + Q&A
    Level: Advanced

    This webinar includes a practical discussion on calculating and reporting SIFL imputed employee and guest flight benefits. Attendees will learn how to use the seat-mile, seat-hour, and flight-by-flight reporting rules to comply with reporting requirements for non-business flights. Develop planning strategies to minimize the tax consequence of the final entertainment use regulations. Utilize the standard industry fare level rules to calculate imputed income for complex trips including multiple legs and international operations. Understand the final IRS entertainment use regulations and new planning opportunities they may present. Examine common questions regarding entertainment use such as calculation methods for deadhead flights. The course is intended for accounting and flight department staff, as well as CPAs and attorneys who assist clients with aircraft tax reporting issues. Note this course applies to professional-pilot flown aircraft, and is not intended for owner-owned and piloted aircraft.

    Cost: $98.00

    Purchase Access

    Credit will be provided for attendance in the form of CLE, CPE and a General Certificate

    Wolcott Aviation Seminars, LLC: Administrative Policies

    Record Retention Refund Policy Program Cancellation Complaint Resolution Course Updates

    Record Retention

    Adequate documentation is retained for a minimum of five years. Such documentation includes, but is not limited to, records of participation, course dates, names of the instructor and panelists and their credentials, CPE credits earned by the participant, copies of surveys and course evaluations.

    Refund Policy

    Refunds for webinars cancelled within five days prior to the date of the course will be refunded or credited toward another webinar. Webinars cancelled less than five days prior to the presentation date will be credited toward a future webinar. Refunds will be paid (or a credit authorization issued in the case of a webinar paid by credit card) within two business days of the date the refund was requested.

    Program Cancellation

    Participants who have registered for a webinar that is subsequently cancelled will be offered a full refund or credit to a future course, at the choice of the participant.

    Complaint Resolution

    Wolcott Aviation Seminars, LLC will do it's best to resolve any complaints quickly and amicably. Participants with complaints have the sole option of filing a complaint with the Florida Association of Certified Public Accountants, the American Institute of Certified Public Accountants, The National Registry of CPE Sponsors, and numerous state, federal, and local business-regulation organizations. Wolcott Aviation Seminars, LLC will do it's very best to insure that no participant has the need to lodge a complaint with any of those licensing or oversight organizations.

    Course Update Policy

    Each webinar or repeat-webinar will be updated to include and address current regulations and changes in the tax statutes or regulations prior to presentation. Changes will typically be noted and elaborated upon in the presentation. Updates will include course materials, handouts, and methods of delivery.