Industries

Tax Services 
We prepare income tax returns in compliance with the laws and regulations that are unique to private clubs. In addition, team members provide information and advice on a variety of club-related tax issues,including:

• Proper identification and documentation of member, nonmember and investment income.     
• Allocationof expenses against nonmember income for both taxable corporationsfiling Federal Form 1120 and exempt clubs filing Federal Form 990T.     
• Limitation of membership losses in accordance with Internal Revenue Code Section 277 for taxable clubs.     
• Federal Credit for Fuels tax used in golf maintenance equipment.     
• Federal credit for employer portion of FICA tax paid on tips.          
• Application for exempt status, Form 1024.     
• Guidance on Federal Form 1099B reporting requirements on sale of equity memberships.     
• Withholding requirements on redemption of nonresident alien membership certificates.     
• Statesales tax treatment of club specific items such as tournament fees,mandatory service charges, and membership joining fees.

  For more information on how we can help, simply click on the Contact Us button and complete the requested information.