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10 Ways to Be Tax Exempt

        Money | Taxes

4
Get Together With Friends

For the purposes of tax exemption, a social club must have a limited number of members who meet regularly for pleasure and recreation. It also must be nondiscriminatory regarding race and color. Issues of religion, however, are trickier. A social club may be tax exempt even if it restricts membership to people of a particular religion, if that shared religion is the club's main purpose. Examples of social clubs include:

  • Country clubs
  • Amateur hunting and fishing clubs
  • Dinner clubs that provide a meeting place for members
  • Clubs organized around particular hobbies

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