3/16/2016 12:29:08 PM
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Section 4: General Subject: Parks & Recs Cost Msg# 944191
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My point was that if in fact we had been doing that...."sharing with the public" the IRS would not have been after us for "making a profit" on land that was not physically connected to Ocean Pines.
Difficult for me to comment about "physically connected" comment as I have not read the entire legal case and trial transcript, and I doubt you have either. |
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For reference, the above message is a reply to a message where: If we had been allowing "the public" to rent parking space and go to the pools....we would NOT have been in trouble with the IRS. Nancy
So what's the big deal? Indeed we had to pay some tax dollars, now we do not and I doubt OPA sells more than dozen parking day passes every season. You will note, those day passes do not come with pool use. Joe Joe, That reply was in reference to the post about condo owners in Ocean City buying parking and pool passes. My point was that if in fact we had been doing that...."sharing with the public" the IRS would not have been after us for "making a profit" on land that was not physically connected to Ocean Pines. And we would have pointed that out to them very quickly had we been letting Ocean City condo owners buy parking passes. The only "profit that was being made was coming from OP Property Owners. OPA never even broke even on anything else we did, so why was the IRS was so interested in the parking lot? At that meeting some of the BoD members were in a state of panic over the whole thing. THAT was when they decided to just open up an HOA to the whole world and take on the role of the WoCo recreation department. Skip Carey...ran that meeting and he would not allow any OP members to say a word. I remember being so MAD! Did you have a video of that meeting? Nancy |
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