You cannot deduct the initiation fees or the dues. Code
section 274(a)(3) states that ". . . no deduction shall be
allowed under this chapter for amounts paid or incurred for
membership in any club organized for business, pleasure,
recreation, or other social purpose."

You may be able to deduct a portion of your meals and
entertainment, but only if you meet certain other criteria.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

"daf999999" <daf999999[at]rc.yahoo.akadns.net> wrote

- quote -

The club dues are nondeductible - period. Internal Revenue
Code section 274(a). This would also include the inititi-
ation fees. See also page 190 of the 2003 IRS Publication
17.

Brian Bivona

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

"daf999999" <daf999999[at]rc.yahoo.akadns.net> wrote:

- quote -

I don't know the specific guidance, but it's not deductible
at all in any portion regardless of your business usage.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

"daf999999" <daf999999[at]rc.yahoo.akadns.net> wrote

- quote -

The dues, no. The initiation fee, no. The "related"
expenses (I guess you are talking about dinners, golf, etc)
would flow to your return. Only half of which is deductible
for the meals and entertainment of a business
client/associate.

- quote -

Code Section 274(a)(3)
Regulation 1.274-2(a)(2)(iii)(a)

--
Paul A. Thomas, CPA
Athens, Georgia
taxman at negia.net

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

"daf999999" <daf999999[at]rc.yahoo.akadns.net> wrote:

- quote -

Club dues are not a deductible expense, just personal.
Business meals and tips are subject to the 50% limitation,
provided there is a business reason for the expense.
Transportation to get there is deductible.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

- quote -

NO, yes, maybe!!!= It depends:

http://www.irs.gov/publications/p463/ch02.html#d0e1944

"Jack" - John H. Fisher - TaxService[at]aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html

Where Ignorance is bliss, 'tis folly to be wise!=

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

I am a member of an LLP that requires me to belong to a
social or dining club for purposes of entertaining
clients/potential clients. I do not get reimbursed from the
LLP for these expenses. I am complying with the LLP by
joining a country club. Can I take either (i) initiation
fee; (ii) monthly dues; and/or (iii) related expenses as
unreimbursed partnership expenses to be subtracted from my
K-1 income? If, for example, I can only take a percentage
of monthly dues corresponding to percentage of logged
business use, are the dues subject to the 50% business meals
limitation. Can anybody point me to the specific IRS regs?

Thanks

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->