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Financial Planning / Tax Strategies
|Subject: Re: Can Dues Be a Charitable Contribution?||Date: 10/23/2012 9:27 AM|
|Author: TMFPMarti||Number: 116831 of 125435|
I handle the contributions for a small choral group to which I belong, a 501(c)(3) organization to which contributions are tax deductible. I record the donation, send the requisite "no goods or services..." letter to the donor, then send the check to the treasurer to record and deposit.
Last year, we started asking for dues from singers to defray costs. If someone cannot afford the dues, they are not required to pay. Can these dues be considered a tax-deductibe charitable contribution to the organization?
One resounding "yes" here, influenced somewhat by my being in such a position for years. IMO commuting expenses for rehearsals are also deductible as out-of-pocket expenses, but I draw the line at performance attire unless you perform in mermaid costumes or some other attire not suitable for other uses.
Let me know when you make your Carnegie Hall (travel expenses deductible) debut, and I'll come. And don't forget, it's better to get on top of the note and pull it up rather than under trying to push it up.
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