prepaid dues income

(1) Prepaid dues income The term “prepaid dues income” means any amount (includible in gross income) which is received by a membership organization in connection with, and is directly attributable to, a liability to render services or make available membership privileges over a period of time which extends beyond the close of the taxable year in which such amount is received.

Source

26 USC § 456(e)(1)


Scoping language

For purposes of this section
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