IRS Non-profit ruling on clubs sponsering driving events
05-29-2012, 09:15 PM
#1
Tech Contributor
Thread Starter
IRS Non-profit ruling on clubs sponsering driving events
Is anyone familiar with any recent rulings by the IRS on non-profit clubs sponsoring driving events?
I was recently informed the status of a particular marque club as a non-profit organization (as well as other non-profit car clubs) is apparently under scrutiny by the IRS to make sure that club revenue is generated by “club members,” not by the general public.
They are now requiring all DE participants to be full members of the marque organization to participate in the event.
I was recently informed the status of a particular marque club as a non-profit organization (as well as other non-profit car clubs) is apparently under scrutiny by the IRS to make sure that club revenue is generated by “club members,” not by the general public.
They are now requiring all DE participants to be full members of the marque organization to participate in the event.
05-30-2012, 09:30 AM
#2
Team Owner
Member Since: Sep 2003
Location: Raleigh / Rolesville NC
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Is anyone familiar with any recent rulings by the IRS on non-profit clubs sponsoring driving events?
I was recently informed the status of a particular marque club as a non-profit organization (as well as other non-profit car clubs) is apparently under scrutiny by the IRS to make sure that club revenue is generated by “club members,” not by the general public.
They are now requiring all DE participants to be full members of the marque organization to participate in the event.
I was recently informed the status of a particular marque club as a non-profit organization (as well as other non-profit car clubs) is apparently under scrutiny by the IRS to make sure that club revenue is generated by “club members,” not by the general public.
They are now requiring all DE participants to be full members of the marque organization to participate in the event.
But XYZ car club can not require you to purchase XYZ car to be a member.
and why some clubs have <koff> three day Guess memberships too.
05-30-2012, 05:12 PM
#3
Tech Contributor
Thread Starter
05-30-2012, 05:22 PM
#4
Safety Car
It is a Corvette Club, after all.
