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3/6/2012 7:31:45 PM
 
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Section 5: OPA Board Subject: OPA Loses IRS Case Msg# 823868
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I certainly hope you aren't inferring I'm stupid!
Of course not. I'm saying the IDEA of selling only the number of spaces is STUPID. I've been known to come up with some stupid ideas from time to time. There must be a way we can own a beach club in Ocean City and make a profit without it being so darn complicated. It is not complicated. The solution, based on the court decision last week is very clear. Sell the passes to anyone who wants to buy; we can make even more profit and pay no taxes. You gotta love the IRS. You'd think our Treasurer and accountants would be able to handle one amenity correctly. They are. |
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For reference, the above message is a reply to a message where: No. Unless we turned a $300,000+ per year profit into a loss. Ditto the Stupid part.. 
I certainly hope you aren't inferring I'm stupid! I put it out there to get further information. I don't use the beach club, I don't or will never use the beach club, but I would like to have the BOD find a way to pay a 1 million dollar tax bill without it creating so much chaos. You'd think our Treasurer and accountants would be able to handle one amenity correctly. Linda |
There must be a way we can own a beach club in Ocean City and make a profit without it being so darn complicated. I was just trying to brainstorm, not be stupid. 
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