Who got tickets to Miley's party?

[iloveftwilderness]

Are people actually bidding crazy prices on eBay?

Not yet because it hasn't sold out yet. I can't imagine that there are that many tickets left.

 

[JadeDarkstar]

there have been ppl trying to sell them for over dollars thats is insane

 

[DL4my2kids]

what are you exactly getting for $250?

I am so shocked at the price.

 

[YellowMickeyPonchos]

what are you exactly getting for $250?

I am so shocked at the price.

The proceeds of the ticket money goes to charity. That's actually cheap for a charity event out here in Los Angeles.

 

[iloveftwilderness]

The website that sells the tickets is indicating that there are no more tickets available for this event.

I know $250 is expensive for a ticket, but this is more than just a day at DL. First, it will help out the local community plus you get to party with Miley and her friends. I am sure there will be stuff given away to those that attend. On top of all that, you can write it off on your taxes.

 

[DL4my2kids]

charity event.

 

[cats mom]

The website that sells the tickets is indicating that there are no more tickets available for this event.

I know $250 is expensive for a ticket, but this is more than just a day at DL. First, it will help out the local community plus you get to party with Miley and her friends. I am sure there will be stuff given away to those that attend. On top of all that, you can write it off on your taxes.

Sure, you can write it off... as long as you don't get audited.

Last time I checked... the rule for charitable contributions of more than $75, that you received goods or services for, was that you must have a written statement from the charity of the value of the goods and/or services you received. Your deduction would be limited to the excess of what you gave to what you received.

In this case still a substantial amount in my opinion
But the event planners and the IRS may disagree. The IRS has really been cracking down on charity deductions in recent years.

Of course unless you are a rule follower, or you get audited, it's a moot point. I'm sure plenty of folks will write off the entire amount they paid for the tickets.

 

[Sleepless Knight]

cats mom is right. With charitable deductions you can deduct the amount over the face value of what you received for the tickets. So if you paid $500 at an elementary school fundraiser for $250 football tickets you can deduct $250(with the certifying letter assuming no audit).

This event may be tricksy(sorry can't resist a Lord of the Rings reference) because you're paying the money to get into a private party at Disneyland. In the event you receive any gifts as part of attending this event the cost of that gift would be added to the base value of the ticket. Whatever charitable contribution you can deduct(assuming you're able to deduct charitable contributions in the first place) should be determined by Disney and the charity in question here. Keep in mind that since Disney has to pay employees for this party, the cost of a hard ticket event may be deemed higher than a normal one day admission to Disneyland.

And if you do not receive written confirmation of a charitable contribution for this, if an audit occurs the IRS can disallow all of the contribution. They've determined that a lot of people are illegally reporting charitable contributions and are cracking down on those.

 

[iloveftwilderness]

That is good to know. So, I wonder who decides what the value of going to the private birthday bash will be?

 

[JadeDarkstar]

disney think of how much it costs to rent out a park and other ppl do it to
bdays weddings premear days of movies.

 

[Sleepless Knight]

Disney and the charity would be the ones who decide. Whenever you make a charitable contribution, the receiving organization should send you a letter thanking you for the donation and stating that you received no goods and services for this donation.

Now in the event that goods and services are provided(and admission to Disneyland and whatever giveaways they may have certainly qualifies as goods and services) then they will tell you how much of your donation can be noted as a charitable contribution on your tax return.

 

[Disney Dreams]

Sure, you can write it off... as long as you don't get audited.

Last time I checked... the rule for charitable contributions of more than $75, that you received goods or services for, was that you must have a written statement from the charity of the value of the goods and/or services you received. Your deduction would be limited to the excess of what you gave to what you received.

In this case still a substantial amount in my opinion
But the event planners and the IRS may disagree. The IRS has really been cracking down on charity deductions in recent years.

Of course unless you are a rule follower, or you get audited, it's a moot point. I'm sure plenty of folks will write off the entire amount they paid for the tickets.

There is no reason not to write this off on your taxes. I have said from the very first day this event was posted, I wonder how much goes to the charity.

The formula for tax purposes is: Donation amount - goods received = tax deductible amount.

My GUESS would be: Amount of the $250 ticket that goes to charity - (admission to Disney + any event gift received) = deductible amount.

It is up to the charity to determine this amount and they MUST provide letters of donation to anyone who requests it.

A friend of mine suggested that perhaps the Cyrus family has bought out the entire park out of their own funds and the entire $250 ticket amount goes the charity. This is the X factor in this discussion.

If audited, you provide the IRS with the receipt / letter from the charity. If you deduct the wrong amount, all that happens is you have to pay the difference and interest.

- Dreams

 

[iloveftwilderness]

Thanks Disney Dreams for the clarification.

I am going to DL

 

[donincanada]

We're flying down from Edmonton for the Miley party...me, my wife and my sister...and none of us are teenagers! We are looking forward to exploring Disneyland on Friday, DCA on Saturday and a little of both on Sunday morning. We have a priority seating at Blue Bayou on Saturday evening which will be our first time there. We'll be staying at the Quality Inn & Suites, and I hope it is okay. Lots of different opinions on that hotel, but we may not be as fussy as other people...as long as it is clean and decent. BTW we bought our Miley tickets the legitimate way. We are considering purchasing our 3-day Park Hoppers thru the Gay Days website, as it is a lot cheaper. My only concern is that the ticket printed on the computer may have to be exchanged at Disneyland and there may be a huge lineup, as opposed to buying an actual ticket from AMA (our version of AAA). Does anyone have any experience with this? I also read on another website that one million of the $1.25 million goes to charity, so that suggests 80% of the ticket price can be claimed, doesn't it?

 

[JaneJetson]

Wow. $250,000 goes to other stuff then. Yikes.

 

[YellowMickeyPonchos]

Wow. $250,000 goes to other stuff then. Yikes.

That's actually pretty good considering the normal operating expenses of other charities. A good example is this:
When you have United Way campaign brochure books at work, do you ever sit down and read the percentages given for each charity? The campaign books we got (when I worked as a federal employee) disclosed those costs up front. Most run in the 12-20% operating expenses range.

Looking at the costs paid to Disney (considered operating expenses for a fund raiser) for park rental, employees/overtime, gifts, stage set-up and sound/lighting maintenance, special activities, additional security, catering, etc, 20% is pretty darn good. It takes a lot of cash to pull off an event like this.

 

[bonita_babe232]

I dont have a teen but even if i did i couldnt see paying that much.... i could pay for the hotel 4 what the tix would cost..... Also i was there last gay days and i didnt really notice to many red shirts or even many pdas.... im sure there are a few people who get alittle crazy but we didnt notice anything out of the norm....

 

[cats mom]

There is no reason not to write this off on your taxes. I have said from the very first day this event was posted, I wonder how much goes to the charity.

The formula for tax purposes is: Donation amount - goods received = tax deductible amount.

My GUESS would be: Amount of the $250 ticket that goes to charity - (admission to Disney + any event gift received) = deductible amount.

It is up to the charity to determine this amount and they MUST provide letters of donation to anyone who requests it.

A friend of mine suggested that perhaps the Cyrus family has bought out the entire park out of their own funds and the entire $250 ticket amount goes the charity. This is the X factor in this discussion.

If audited, you provide the IRS with the receipt / letter from the charity. If you deduct the wrong amount, all that happens is you have to pay the difference and interest.

- Dreams

Not to turn this into a tax debate... but I once worked in an office where one of our attys represented folks who were in trouble with the IRS. Those guys/gals can be like pit bulls. I swear too often all objectivity goes out the window when they're after someone.
Sure, they have the option of letting folks off easy. But they also have the option of assessing a 20% or even a 75% penalty on top of the underpayment and interest.

Of course I don't think they'd go all nutso on you if the only error they found on your return was claiming too large a deduction on tickets to the Miley pary.

I hope someone actually requests the donation receipt and reports back. I would be curious to see what those numbers really are.

I'm assuming tickets must have sold out, since I'm seeing some insane prices on e-bay.
Looks like someone paid $2,500 for 3 tickets.
Maybe they should have charged even more for tickets so the money would be going to charity instead of to scalpers.

 

[Sleepless Knight]

The sad thing about the insane prices is that so many of these people had time to get the tickets at the $250 rate directly from Disney. It's not like these sold out in 10 minutes.

 

[Chadrapp]

I don't have a problem with people re-selling these tickets at enormous prices, because everyone has a chance to buy them at face value. If someone is too lazy to get them when they go on sale, then they should have to pay more for waiting. Once the tickets sell out, the value goes up. Just like when you re-sell your house, you don't sell it for what you paid for it. You sell it for what it is now valued for.