John Juarez, ePRO, SRES, GRI, PMN (The Medford Real Estate Team)

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

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!

Mar 01, 2018 09:12 PM
Rainmaker
722,105
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

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.

Mar 01, 2018 08:42 PM
Rainmaker
2,934,086
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

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! 

Mar 02, 2018 04:19 AM
Ambassador
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Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  There are other deductions to compensate.  Talk with your CPA. 

Mar 01, 2018 08:53 PM
Rainmaker
512,140
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

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. 

Mar 02, 2018 07:49 AM
Rainmaker
672,667
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

The benefits of pampering our clients go beyond tax savings.

Mar 02, 2018 02:22 AM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I'm not into clubs, but into my gym, no deductions there, but tons of benefits for my health:) 

Mar 01, 2018 10:26 PM
Rainmaker
993,074
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Don't have one to give up John Juarez 

Mar 02, 2018 06:28 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

as long as meals are deductible....

Mar 02, 2018 07:42 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope. 

Mar 02, 2018 06:51 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't have a membership.  I refuse to join any club with such low standards that would accept me.

Mar 02, 2018 05:56 AM
Rainmaker
602,950
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

No need to... don't have one.  :)

Mar 02, 2018 05:32 AM
Ambassador
1,959,263
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

No, there are many other benefits of belonging to a club than a tax deduction. 

Mar 02, 2018 05:03 AM
Rainmaker
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Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

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.

Mar 02, 2018 04:03 AM
Rainmaker
639,843
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; Antonelli Realty

Not here, not those, not ever. I have way better way to entertain my self. 

Mar 02, 2018 01:41 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Not a member of either of these clubs, all of my money seems earmarked for business or church.

Mar 01, 2018 08:47 PM
Rainmaker
597,146
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

I don't belong to clubs. However, I am the recipient of club benefits through sweet friends and clients. I guess that might disappear.

Mar 02, 2018 10:31 AM
Ambassador
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Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

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.

Mar 02, 2018 08:43 AM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I heard business lunches are no longer deductable ?

Mar 02, 2018 06:35 AM
Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Fred Griffin nailed this one!

Mar 02, 2018 05:55 AM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

I would never join a club that would have me as a member.

Mar 02, 2018 05:16 AM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

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.

Mar 02, 2018 04:52 AM
Rainmaker
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Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

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!

Mar 02, 2018 04:25 AM
Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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

Mar 01, 2018 10:15 PM
Rainmaker
4,272,012
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Talk to your CPA, and we don't have a club membership, not even costco.  A

Mar 02, 2018 01:09 PM
Rainmaker
425,734
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

the only club membership I have is Sam's Club and no, not giving that up ;:-)

Mar 02, 2018 12:35 PM
Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I have none to give up.  Costso was never a deduction to start with.

Mar 02, 2018 09:37 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

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!"

Mar 02, 2018 09:14 AM
Rainmaker
687,047
Richard Bazinet /MBA, CRS, ABR
WestUSA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

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.

Mar 02, 2018 06:06 AM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

I never had one lol!

Mar 02, 2018 05:41 AM
Rainmaker
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Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Never was a member of either.

Mar 02, 2018 04:58 AM
Rainmaker
544,495
Peter Mohylsky, SoWal Is HOME.
Gulf Place @ 30A - Santa Rosa Beach, FL
Let me help you find your path to the beach.

I don't see a change with my activities.

Mar 02, 2018 03:35 AM
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

They will not be a tax deductible item. Work on your clients, if you can find them a property.

Mar 01, 2018 09:06 PM
Ambassador
4,297,809
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

John Juarez - never had one such membership - so not missing much!

Mar 02, 2018 05:49 PM
Ambassador
879,448
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

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.

Mar 02, 2018 09:36 AM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Wil be intersting if any good deals or savings results?

Mar 02, 2018 08:29 AM
Rainmaker
2,413,466
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

One expense dies and another is born...

Mar 02, 2018 07:29 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not belong to any clubs.

Mar 02, 2018 03:27 AM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

there will be less taking clients out and picking up the tab for sure.

Mar 07, 2018 09:53 PM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I meet with past and current clients all the time, and know dinner is only 50% deductible.

Mar 05, 2018 04:39 PM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It will be interesting to see who does what. I have no current membershiips.

Mar 04, 2018 04:24 PM
Rainmaker
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Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

I learned that the meals are still allowable..I actually think its all going to be good..will see my CPA has my data!

Mar 03, 2018 07:16 PM
Ambassador
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

As Groucho said, any club that would have me as a member, I don't want to belong to.

Mar 03, 2018 05:36 AM
Ambassador
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

A couple of years ago...

Mar 02, 2018 10:45 PM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I will do nothing until my CPA says I can

Mar 02, 2018 02:13 PM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

John Juarez A lot of changes coming this year.

Mar 02, 2018 07:21 AM