I believe they are a charitable org. or non profit org.
2007-02-20 09:28:06 · 6 answers · asked by daysurf 2 in Business & Finance ➔ Taxes ➔ United States
Not if you use them. If you buy passes and give them to a registered charity for them to give to clients, then maybe.
Even a contribution to a registered charity is deductible only for the amount that's beyond anything you receive for it. So since you are receiving admission to Sea World, and the price you are paying is the price of admission, then there's nothing left over as a charitable contribution.
If for example you contributed $300 to a public TV station, but received a premium that was worth $50, your deduction would be $250.
I'm not sure where you got the info that Sea World is a non-profit, but even if it were, buying tickets and using them would not be a charitable contribution.
2007-02-20 12:28:07 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
Is the zoo tax deductable? Only if you make a charitable contribution, not buy tickets to see the show. Sea World is a FOR PROFIT organization making it non taxablle. Plus you are paying for entertainment and getting your moneys worth. The only way it's tax decutable is if you can prove you used it as a business expense. I seriously doubt yu can find a way to take a buisness expense fo taking your family to Sea World. If you own a business that you take a client to you may be able to take it then but that's still really hard to prove so I wouldn't risk it. I think the IRS guys would target you for an audit.
2007-02-20 09:37:01 · answer #2 · answered by sweet sue 6 · 0⤊ 0⤋
nope. If they are a charitable organization, and I doubt it, I assume that you go to Sea World and are using the passes. That means that you are getting a benefit from them.
It's the same thing as when you buy a raffle ticket at a charitable event. If you win something that is worth $100 and you paid $150, you can only deduct $50 because you receive benefit from the item.
2007-02-20 10:03:04 · answer #3 · answered by Dizney 5 · 0⤊ 1⤋
Even if they are a charity there is a value to the admission. The only amount beyond that would count IE I donated 75 dollars and received a free pass worth 50 = 25 .
Your better strategy is to use them as an entertainment expense
2007-02-20 09:37:39 · answer #4 · answered by Rick F 2 · 0⤊ 0⤋
They would be 100% deductible if you were a professional amusement park inspector.
2007-02-20 09:52:50 · answer #5 · answered by my2cents 3 · 0⤊ 0⤋
No, not unless you use them for business purposes (i.e. to entertain clients).
2007-02-20 09:36:11 · answer #6 · answered by Anonymous · 0⤊ 1⤋