Dues and Contingency Fund....Help!

[beck]

Hello. TP belongs to a union that takes union dues out of his paycheck. He also receives the following from the Credit Union:

"Statement of Taxable Items Received in 2009". A dollar amount listed as "Dues" and a dollar amount listed as "Contingency". The bottom of the statement states "Shown above are the dues and contingency fund contributions made on your behalf to (name of Union). These contributions are part of the vacation fund program maintained by (Name of Credit Union). For tax purposes, your dues are reported on a cash basis.

The amounts on this statement are totally different than what reflects on his paystub as "union dues".

Thank you in advance for your consideration and help with this question.

[thomtax]

Don't have a clue, but will bump it back to the top since it seems to be dropping way down the list.

LT

[Burke]

Doesn't sound right to me. I would check with the CU and the Union. (or have the client do it.) A "contingency fund?" For what?