3/5/2012 11:57:28 PM
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Section 5: OPA Board Subject: OPA Loses IRS Case Msg# 823698
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Here is some more perspective.
On 11/18/2010 I posted the following: At Wednesday's board meeting the board decided to proceed with an appeal of the IRS Court ruling against OPA regarding tax liability with regard to the Beach Club parking business. The board also voted to hire a national legal firm to act as a consultant. Fee will be around $25,000. OPA's Baltimore law firm will remain lead counsel and represent OPA in the Federal Appeals Court case. Their fee will be in the range of $40,000. The decision to appeal is probably a good one, considering OPA Treasurer Pete Gomsak announced OPA's total liability is about $1 million, including state and federal taxes plus interest for nine years of liability we would owe should the case stand as presently decided. Association member Jim Trummel questioned the legal fees expenditure and the wisdom of the appeal, saying OPA would lose in the Court of Appeals. Trummel also vaguely suggested some concern over the relationship between the outside law firm and the board, but did not elaborate when questioned by Pete Gomsak. ReadFullThread and note that there was only ONE reply, and that was nonsensical. BTW, OPA was represented by Gordon, Feinblatt, Rothman, Hoffberger, & Hollander, LLC a Baltimore-based firm. |
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For reference, the above message is a reply to a message where: Marty: That is where I was going with this discussion. I think this whole story should be made public beyond this forum. I sincerely doubt that there are many OPA members who are/were aware of this hiring of G's firm. I would also think the conflict of interest, if any should be investigated. This entire situation is a travesty. To referenc a previous post. There is no way this membership should be asked to pick up the tab for this tax bill. In addition a change must be made to the leadership of this association and board. |
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