Safeguarding a Club’s Tax Exemption and Privacy
Privacy is important and a club going too far afield runs the risk of losing its ability to select its membership and may be treated as a public accommodation.
Club Foundations
The increasing popularity of private club foundations has caught the attention of those seeking to engage in charitable and related activities that support the club’s mission.
Club Management in the Era of Covid-19: Cash Flow Challenges
The rapid spread of Covid-19 has sparked a health and economic crisis affecting most industries worldwide. In the hospitality industry, the impact has been particularly sudden and severe.
Coronavirus FAQs for Tax-exempt Clubs
The good news at this point in the coronavirus news cycle is that we’re becoming accustomed to rapid change and a new normal of business operations, or lack thereof. As the saying goes, the devil is in the details.
Non Member Revenue Reporting Requirements
At the end of last year, many clubs received the exact same form letter from the IRS, Letter 6176 (4-2019) Catalog Number 72211B. The letter appears to have been generated by the IRS and sent to many 501(c)(7) exempt organizations reporting nonmember income regardless of the nonmember percentage of gross receipts.
COVID-19 Offers Opportunity to Give Back to Club Employees
Members join clubs for a variety of reasons, including golf, entertainment and networking, and in doing so, they become part of a close-knit community.
New Proposed Regulations for UBTI Will Impact Private Clubs
How could a change in the tax law passed in 2017 have a substantial impact on clubs today? Given the recent business disruptions caused by the coronavirus, unrelated business income might not seem like a big deal.
What Taxable Clubs Should Know About the CARES Act
Springtime normally signals the start of the busy season for country clubs. Golfers eager to take advantage of nicer weather and club members who enjoy other facility amenities will have to wait longer.
What Tax Exempt Clubs Should Know About the CARES Act
There is so much information out there, and it’s changing regularly, on the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
How Employers Can Comply with the DOL’s New Overtime Rules
After more than four years in the draft proposal stage and federal lawsuits, Congress recently enacted new overtime rules for white-collar workers.
