club_cafe: Deductible or non-deductible expenses

iras1 on

According to the IRS Publications they are not deductible expenses. See IRS Pub. 550, Investment Income and Expense, www.irs.gov/pub/irs-pdf/p550.pdf. However, IRS Pubs. are not definitive statements of tax law and there are those in the practitioner community who would claim a deduction for the registration fees. The travel portion of the expense is still nondeductible.

On the other hand, if one of your members were involved in running BINC, that member could deduct his unreimbursed travel expenses as a charitable contribution.

Ira Smilovitz

In a message dated 02/16/08 4:19:52 A.M. Eastern Standard Time, mmt6@bivio.com writes:

1. Our club attended the BINC in Dallas in 2007 at the
club's expense. Is this a deductible expense?
2. We also stayed one night's lodging. Is the lodging a
deductible expense?

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