6801 N Broadway, Suite 106 Oklahoma City, OK 73116Phone: 405-843-0730 or 800-256-6332Fax: 405-843-5404Email: [email protected]
Generally, funeral homes that pay OKFDA dues are able to deduct 100% of those dues as ordinary business expenses for federal tax purposes. Due to the Budget Revenue Reconciliation Act of 1993 (the "Act"), any dues revenues utilized by a professional or trade association for lobbying purposes cannot be deducted by a member who paid dues. In accordance with the Act, the Oklahoma Funeral Directors Association is hereby notifying its membership that it estimates that 1.80% of 2020 dues paid by a member will not be deductible as ordinary business expense for federal tax purposes. This estimate is to be utilized by OKFDA members in determining what portion of their dues are deductible. Please provide a copy of this notice to your accountant and tax preparer.
It is understood and agreed that membership in OKFDA is conditioned upon adherence to the Constitution, Bylaws and Code of Professional Conduct. Violation of any of these may result in disciplinary measures imposed by OKFDA including, but not limited to, expulsion from membership.
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