Page 569 - Large Business IRS Training Guides
P. 569
Example 5
Membership Fees Rev. Proc. 2004-34
• On December 1, 2018, J, in the business of
operating a chain of “shopping club” retail
stores, receives advance payments for
membership fees.
• Upon payment of the fee, a member is
allowed access for a 1-year period to J's
stores, which offer discounted merchandise
and services.
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