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Gas Royalties Cost a Social Club Its Tax-Exempt Status

Plenty of hunting clubs, golf clubs, and lake associations own land that is worth far more than the club ever paid for it. A gas company comes knocking. It offers a signing bonus and royalties, and the board votes yes. The members keep shooting skeet and fishing the creek. Nothing about the club seems to… Continue reading Gas Royalties Cost a Social Club Its Tax-Exempt Status

The post Gas Royalties Cost a Social Club Its Tax-Exempt Status appeared first on Houston Tax Attorneys | Mitchell Tax Law.

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