No, this would not be considered taxable income to you and you would not receive a 1099 form from the club.
The dues that you are paying to begin with are simply a personal expense, no different than if you used your money to buy a show ticket or groceries. What you pay in dues has no affect whatsoever on your taxable income or taxes.
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Thank you sdman
Hello again sdman,
This is most definitely not income to you. Look at it this way. You are a member of that club by choice, and you pay dues to belong to that club. But you are paying those dues because you choose to be a member, not because you are otherwise obligated to do so. It is a personal expense that you choose to pay. The dues that you pay are not allowed as a deduction from your taxable income, and so regardless of the amount that you pay, it has no affect on your taxable income.
If the club chooses to give you a reduction in dues as a membership drive incentive or for any other reason, by doing so they have not increased your income one bit. All they have done is decrease a personal expense that you are paying.
If you buy a product which has a rebate offer, do you think you should pay taxes on the amount of the rebate you received? Or if you use a coupon at the grocery store to reduce the price of a product, is that taxable income to you? These all fall in the same category as what you are talking about with the club dues being reduced.
I cannot imagine any tax professional actually thinking this could be considered taxable income.