Legal Tuesday: Changes to Federal Definition of Marriage Mean Changes for Employers – Part Two

(External and Governmental Influences, Human Resources, IRS Issues) Permanent link

04_08_14_175wFollowing a highly-publicized U.S. Supreme Court decision and subsequent guidance from both the Labor Department (DOL) and the Internal Revenue Service (IRS), employers need to rethink how they treat same-sex spouses under their employee benefits plans and leave policies. more...


Legal Tuesday: Changes to Federal Definition of Marriage Mean Changes for Employers – Part One

(External and Governmental Influences, Human Resources, IRS Issues) Permanent link

04_01_14_175wFollowing a highly-publicized U.S. Supreme Court decision and subsequent guidance from both the Labor Department (DOL) and the Internal Revenue Service (IRS), employers need to rethink how they treat same-sex spouses under their employee benefits plans and leave policies. more...

Your Club & Weddings: The Dangling Carrot of Easy Money You May Not Want To Accept

(IRS Issues) Permanent link

02_25_14_175wBrides across America are reading articles and visiting websites describing how Private Clubs are some of the best places to wed. This presents a prime opportunity for Private Clubs to rake in revenue. However, there is a fine line that simply can't be crossed because you could endanger your club's tax-exempt and/or Private Status privileges.  If your Member’s daughter is getting married, by all means try to get the business.  However, pursuing nonmembers is fraught with potential problems. This article will address some of those issues, including the tax issues you should be aware of. Check with your attorney regarding your club’s private status. more...

Form 990: What to do When a Member Requests a Copy

(Membership, Form 990, IRS Issues, Membership) Permanent link

 1_3_2012_175wA club’s Form 990 annual tax-exempt organizations tax return discloses a great deal of information about your club and its operation. The Form 990 may actually disclose much more information than you would really like for your club members to see, especially someone a board member believes is a malcontent, wanting ammunition to stir up the pot on the board. The question is then raised: What to do when a member requests a copy of Form 990? more...

 

Club Equity Conversions

(Tax Issues, IRS Issues) Permanent link

December_20_2011_175wHow many more clubs out there will be converted from developer-owned to member-owned? During the 1990s and 2000s, it seemed as though there was at least one a month. With the economy as it is, we may not see as many real estate developments with fabulous amenities being created as stand-alone clubs. Manyclubs that were structured to be converted from developer -owned to member-owned have accelerated the process due to the financial woes of the developer. more...

This information is provided for informational purposes only. The contents are presented with no warranty, either expressed or implied by the Club Managers Association of America. No legal responsibility is assumed for the outcome of decisions, commitments or obligations made on the basis of this information. If your club is faced with a question concerning legal issues, you should contact the club’s legal counsel for the specific application of the law to your situation.