<VV> 1 REASON TO JOIN CORSA

[AeroNed at aol.com]

Oh that's a slippery slope. I've visited this subject several times with my  
accountant, I like to call her my sister because she is. She's the tax expert, 
 not me, but I'll pass on what she's told me.
 
For the club dues and other expenses to be tax deductible, the club would  
have to be a charitable organization. CORSA is charitable but not in the tax law 
 sense and I would guess the same is true for your local chapter. You might 
be  able to deduct expenses related directly to supporting your "Got Kids" 
charity.  Another point would be how you use the car. If it is used exclusively to 
support  the charity, OK, but you had better not drive it to the store.
 
Ned
 
 
 
 
In a message dated 2/19/2009 8:03:21 P.M. Central Standard Time,  
rmurray at anaheimducks.com writes:

Here's a  big one...The tax writeoffs!

I just got back from meeting w/ tax  agent...let me first preface this by 
saying that my agent is an honest, career  tax person who knows the laws and the 
system - she will go to the edge, but  not over, the legal allowances.  We 
tapped into the info below last year,  but looked much closer this time...

Summarily, as a member of  non-profit groups CORSA and Vintage Corsa, as well 
as Vintage Corsa's  affiliation with charitable partner "got kids", my 
Corvairs qualify as  non-profit promotional vehicles, thus allowing the following 
legitimate  tax-based deductions...

- all out-of-pocket expenses related to said  club membership and club 
activities, including annual dues, meeting meals,  logo swag, parking fees, toll 
charges, event entry fees, raffle drawings,  etc...
- all out-of-pocket travel expenses related to attendance and  participation 
in corvair events (ie travel to the national  convention...writeoff airfare, 
hotel, meals, mileage, etc)
- all general  Corvair mileage (over 3K miles in my case)...ie cruising is in 
effect  promoting CORSA
- the PURCHASE of my greenbrier last January ($1,100)...ie  I bought a 
vehicle that will promote CORSA
- all out-of-pocket expenses  related to Corvair ownership...including DMV, 
fuel, cosmetics, and maintenance  and upkeep...expenses necessary to maintain 
the vehicle that promotes CORSA,  be it a fuel pump, an oil change, windshield, 
paint job, engine rebuild, or  car wax.
- if you choose to get your club newsletters on line and print at  home, you 
can writeoff your internet service, computer, printer, ink, and  paper.

Interestingly, if you AND your spouse are both CORSA members,  you can double 
applicable writeoffs like airfare, meals, dues, swag,  etc.

Ironically, the only thing I couldn't write off is the volunteer  time 
invested supporting your Corvair-related activities...in my case, that  means time 
spent on the club and vendor websites, blogs, newsletter, eblasts,  and just 
hanging out talking vairs.  But hey, you'll never see me doing  any of these w/o 
smiling anyway.

So what's the lesson learned?   Join CORSA, save $$$!

As always, check with your trusted tax  representative...may not be available 
in all areas...some restrictions may  apply...residents of Alaska and Hawaii 
add 3% additional sales tax...hot  chicks are at the library...


Rod
Vintage Corsa
Web, PR,  Corvair Tax  Consultant
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