Club Fraud Hotline

menubar

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?
SidebarR