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Club Tax Consulting
- Club Federal Tax Consulting
- Available for calls and conference calls to discuss Club specific tax issues.
- Available to write tax opinions on Club specific federal tax issues based on the particular facts presented.
- Annual subscribers to Club Tax Book can e-mail or call with quick questions at no additional charge.
- Florida Club Sales & Use Tax Consulting
- Available for calls and conference calls to discuss Club specific tax issues.
- Available to write tax opinions on Club specific Florida sales and use tax issues based on the particular facts presented.
- Annual subscribers to Club Sales & Use Tax Book - Florida can e-mail or call with quick questions at no additional charge.
- Club Equity Conversion (Turnover) Consulting
- Consult with Club Boards, Club Management and their Attorneys during the due diligence period prior to turnover.
- There are multi-million dollar tax benefits to be found with a timely analysis of the turnover structure that is most often not identified during a turnover audit by a local CPA firm.
- These multi-million dollar issues are shared with Developers whereby both the Developer and the Club obtains the maximum tax benefits available.
- Tax Status Analysis of IRS Code Section 277 Taxable and 501(c)(7) Tax-Exempt Status
- Most often, discussing why a Club would want to be 501(c)(7) tax-exempt even when a Club operates on a break even basis.
- Discuss the 5 times in the life of a Club when 501(c)(7) tax-exempt status is important.
- 501(c)(7) Pro's and Con's
- Provide an analysis of the pro's and con's of applying for 501(c)(7) tax-exempt status and assist in the IRS Form 1024 application process.
- IRS Private Letter Ruling Assistance
- Review the tax law and facts presented and assist in preparing requests on Club specific issues.
- Florida Technical Assistance Advisement
- Provide assistance in preparing requests regarding Club specific sales and use tax issues from the State of Florida.
- Club Board Consulting
- In person or on conference calls that usually last 1 hour whereby a Boards questions are addressed and fully analyzed.
- Club Tax Controversy
- Providing assistance in representing Clubs in with state and federal taxing authorities.
- Club Amenity Cost Allocations
- Assistance to real estate developers building amenities to be turned over to Members.
- Web Site Reviews
- Search Club web sites for obvious indications of Section 501(c)(7) tax-exempt Club tax issues.
- Club Marketing Material
- Review and provide analysis for potential tax and privacy issues disclosed in Club marketing material.
- Nontraditional Activity
- Review and provide analysis of activities placing 501(c)(7) tax-exempt status in jeopardy.
- Nonmember Income
- Review and provide analysis of activities both placing 501(c)(7) tax-exempt status in jeopardy along with sharing how nonmember gross receipts could be counter to a Clubs' successful business formula, such as:
- Clubs are in the "dues" collecting business!
- If nonmembers can use your Club when they need use of amenities without paying dues, why should they join your Club?
- Much of the nonmember activity does not generate a net profit, so why pursue it?
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