

5,002,450
Just met with my CPA this week - the 'event' items are not deductible but, meals are. The auto deductions are also higher for business owners now as well. Definitely ask your CPA what items you typically deduct to see what the difference is.
I certainly was pleased with my discussion, John!
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John Meussner
Fair Oaks, CA
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Carla Freund
Raleigh, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Peter Testa
Danbury, CT
-
John Juarez
Fremont, CA
-
Roy Kelley
Gaithersburg, MD
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Lyn Sims
Schaumburg, IL
-
Michael Jacobs
Pasadena, CA
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Silvia Dukes PA, Broke...
Spring Hill, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Fred Griffin Florida R...
Tallahassee, FL
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Pete Xavier
Pacific Palisades, CA
932,292
Gave up my membership long ago (social only, not really expensive, non golfer), but I'm keeping my membership with Costco warehouse club intact, I can feed a whole group of non domesticated distant relatives for under $20. there...not deductible as well, but not concerned.
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Carla Freund
Raleigh, NC
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Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Anna "Banana" Kruchten
Phoenix, AZ
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Peter Testa
Danbury, CT
-
Roy Kelley
Gaithersburg, MD
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Michael Jacobs
Pasadena, CA
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Brenda Mayette
Glenville, NY
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
4,972,161
I have no club memberships (unless you count BJ's and Costco) and no season tickets for anything... so I'm good. But I do know that next year my tax bill will be about $20K lower and that's not chump change. It could pay for some membership or tickets, but still not going there!
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Debe Maxwell, CRS
Charlotte, NC
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Carla Freund
Raleigh, NC
-
Pete Xavier
Pacific Palisades, CA
-
Peter Testa
Danbury, CT
-
Roy Kelley
Gaithersburg, MD
-
Anthony Acosta - ALLAT...
Atlanta, GA
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Brenda Mayette
Glenville, NY
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Richard Weeks
Dallas, TX
2,658,063
There are other deductions to compensate. Talk with your CPA.
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Greg Large
Grove City, OH
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Carla Freund
Raleigh, NC
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Roy Kelley
Gaithersburg, MD
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Tony and Suzanne Marri...
Scottsdale, AZ
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Bob Crane
Stevens Point, WI
743,119
When this was last mentioned in Q+A by Steve Penner he scared me half to death saying they were getting rid of the Entertainment deduction. It was never mentioned that MEALS- which is 100% of my Entertainment Receipts- IS still deductible.
Debe, I met with my Accountant last week too & when I told him what I heard he told me I was fine, just call your Meals "Meals" & not Entertainment.
I don't golf at a Country Club so no worries there.
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Anthony Acosta - ALLAT...
Atlanta, GA
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Greg Large
Grove City, OH
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
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Carla Freund
Raleigh, NC
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Pete Xavier
Pacific Palisades, CA
1,014,914
The benefits of pampering our clients go beyond tax savings.
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Greg Large
Grove City, OH
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
-
Carla Freund
Raleigh, NC
-
Roy Kelley
Gaithersburg, MD
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Richard Weeks
Dallas, TX
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Candice A. Donofrio
Fort Mohave, AZ
1,603,675
I'm not into clubs, but into my gym, no deductions there, but tons of benefits for my health:)
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Pete Xavier
Pacific Palisades, CA
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John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
-
Carla Freund
Raleigh, NC
-
Endre Barath, Jr.
Beverly Hills, CA
-
Roy Kelley
Gaithersburg, MD
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Marco Giancola
Miami Beach, FL
2,216,379
Don't have one to give up John Juarez
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Debe Maxwell, CRS
Charlotte, NC
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Carla Freund
Raleigh, NC
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Peter Testa
Danbury, CT
-
Roy Kelley
Gaithersburg, MD
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Anthony Acosta - ALLAT...
Atlanta, GA
5,582,715
as long as meals are deductible....
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Anthony Acosta - ALLAT...
Atlanta, GA
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Pete Xavier
Pacific Palisades, CA
-
John Juarez
Fremont, CA
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Debe Maxwell, CRS
Charlotte, NC
7,579,039
Nope.
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Debe Maxwell, CRS
Charlotte, NC
-
Carla Freund
Raleigh, NC
-
Pete Xavier
Pacific Palisades, CA
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Anthony Acosta - ALLAT...
Atlanta, GA
4,800,052
I don't have a membership. I refuse to join any club with such low standards that would accept me.
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Carla Freund
Raleigh, NC
-
Roy Kelley
Gaithersburg, MD
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Anthony Acosta - ALLAT...
Atlanta, GA
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Alan May
Evanston, IL
836,084
No need to... don't have one. :)
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
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Roy Kelley
Gaithersburg, MD
2,146,266
No, there are many other benefits of belonging to a club than a tax deduction.
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Debe Maxwell, CRS
Charlotte, NC
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Carla Freund
Raleigh, NC
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Pete Xavier
Pacific Palisades, CA
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Roy Kelley
Gaithersburg, MD
846,475
Not a "club" type person so it does not pertain. I don't base my life around what kind of a tax deduction I can get either.
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
798,497
Not here, not those, not ever. I have way better way to entertain my self.
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
6,186,133
Not a member of either of these clubs, all of my money seems earmarked for business or church.
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Carla Freund
Raleigh, NC
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Debe Maxwell, CRS
Charlotte, NC
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Pete Xavier
Pacific Palisades, CA
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Bob Crane
Stevens Point, WI
871,483
I don't belong to clubs. However, I am the recipient of club benefits through sweet friends and clients. I guess that might disappear.
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Anthony Acosta - ALLAT...
Atlanta, GA
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
3,539,389
We gave up our CC membership when the market fell down - haven't missed it at all surprisingly. We didn't use it all that much for a long time when we had it.
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
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Endre Barath, Jr.
Beverly Hills, CA
2,120,756
I heard business lunches are no longer deductable ?
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Carla Freund
Raleigh, NC
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Roy Kelley
Gaithersburg, MD
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Michael J. Perry
Lancaster, PA
3,071,389
Fred Griffin nailed this one!
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
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Fred Griffin Florida R...
Tallahassee, FL
4,714,642
I would never join a club that would have me as a member.
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
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Candice A. Donofrio
Fort Mohave, AZ
921,404
They remain essential, UNTIL other options and opportunities are available. Many have already created these options and now find 'membership' unnecessary.
Hmmm, now about that NAR thing......?
Money must be spent to make money.
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
2,324,097
I bet most of the people who join country clubs will continue to do so. There are reasons they are there besides the tax write off.
I'm not a member of any country clubs, so don't have to do anything differently!
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
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Endre Barath, Jr.
Beverly Hills, CA
4,260,422
John, I have not had time to be in a Country Club since I have been in Real Estate...so that makes it 24+ years, hence that should make me trendy now:)Endre
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
5,771,862
Talk to your CPA, and we don't have a club membership, not even costco. A
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
622,884
the only club membership I have is Sam's Club and no, not giving that up ;:-)
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
3,279,943
I have none to give up. Costso was never a deduction to start with.
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
1,479,842
Well, I never joined any of those so it's not biggie for me. Personally, I don't think it'll have that big of an impact. I doubt there were that many people who did it FOR THE WRITE-OFF. My guess is that most people got them and said "Hey, I can play golf AND write it off!"
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Pete Xavier
Pacific Palisades, CA
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Debe Maxwell, CRS
Charlotte, NC
714,289
You need to talk to your tax accountant.... you can still do it. I took a professional non-credit tax seminar/class not long ago and it was demonstrated how to conduct business for tax deductible events.
Or change accountant.
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
1,819,560
I never had one lol!
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
1,465,635
Never was a member of either.
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
1,130,220
I don't see a change with my activities.
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
1,224,547
They will not be a tax deductible item. Work on your clients, if you can find them a property.
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Roy Kelley
Gaithersburg, MD
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Candice A. Donofrio
Fort Mohave, AZ
4,319,063
John Juarez - never had one such membership - so not missing much!
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Praful Thakkar
Andover, MA
1,063,652
Nope! But only because I dont have one : )
I'm more of the hole-in-the-wall bar with pool tables type than a country club type.
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Debe Maxwell, CRS
Charlotte, NC
3,413,258
Wil be intersting if any good deals or savings results?
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Debe Maxwell, CRS
Charlotte, NC
2,751,170
One expense dies and another is born...
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Debe Maxwell, CRS
Charlotte, NC
4,433,927
3,141,497
5,782,770
I meet with past and current clients all the time, and know dinner is only 50% deductible.
5,018,651
It will be interesting to see who does what. I have no current membershiips.
4,830,164
I learned that the meals are still allowable..I actually think its all going to be good..will see my CPA has my data!
1,711,126
As Groucho said, any club that would have me as a member, I don't want to belong to.
4,225,712
3,986,161
1,466,157