Buried20KLeague
Well-Known Member
Lol. Me neither. The reason I said I'm not sure they can write it off is because it's an admission with no actual cost value (i.e., it doesn't cost the company money to let a person in for fee).
Disney has to have a "cost per entry"... Even if they didn't NEED one, they would make one up (probably involving a monkey, a bottle of Jack, and a dartboard) for operations budgets, casting, refurbs, etc...
Dollar amounts can be assigned to virtually anything, even if there's no true "cost". Think about advisors. Or psychics. Or laborers.
In my case, one company charges the other companies "management fees" for various functions... All things that don't have a true "cost", such as accounting people calling on overdue invoices for one of the other companies, shared use of facilities, technology, meetings that require my time even though that's not the company I get my routine paycheck for, etc... We're actually FORCED to assign dollar amounts to these things. For tax reasons, obviously.
With how complex the tax code is, I'm positive they have calculated a "cost" for each ticket, and found a way to deduct.
And being one step removed from the charity doesn't matter, I don't believe... For example, I can give a set of one of my company's season tickets to the Cardinals to friend of mine to auction off in his friend's charity function, and I don't have to directly connect to whatever that charity is. (that's a very simplified example, and doesn't make a whole lot of sense as I re-read it, but still.) :lol: