Unfortunately, your dues (
including initiation fees) for membership in any club organized for business, pleasure, recreation, or other social purposes are not deductible as a business expense.
Not exact matches
That
includes the annual percentage rate, the repayment terms, and any
initiation fees.
Exclusivity is serious business at this luxury chain — one its clubs, a men's only mecca for 1,200 members that
include Gordon Lightfoot, charges an
initiation fee of $ 1,500.
American Express spokeswoman Elizabeth Crosta says that cardholders who qualify for the Centurion card — which charges a $ 7,500
initiation fee and a $ 2,500 membership
fee — enjoy the best of what American Express can offer,
including personally tailored service that's similar to what you'd get from a personal assistant.
These prices don't
include the $ 50
initiation fee.
At the
initiation of the lawyer - client relationship, when clients tend to be at their most vulnerable and are distracted by the substance of the issue that brought them to the lawyer in the first place, lawyers are ethically encouraged to have the client sign a written retention agreement,
including terms regulating payment of
fees.
The National Association deems any
initiation fee in excess of three times the amount of the annual rates of dues,
including state and national, to be unreasonable and therefore inequitable.
These
fees include Transfer duties, deed office
fees and levies, municipal rates, bank charges, bond
initiation fees, home insurance costs as well as the monthly administration
fee that is charged by the bank, moving costs and the cost of maintaining the property.