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5/15/2016 4:43:07 PM
 
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Section 5: OPA Board Subject: Tax Status Msg# 949611
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Joe
The point is that we need to pay attention and manage any situations that come up with some thought and intelligence. To your point about how one measures income... your opinion (and mine) do not count. The IRS will look at how OPA records it in their books and records... especially if it is to their advantage. jeff |
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For reference, the above message is a reply to a message where: So anytime we do not allow public access to some activity and if that operation is profitable we might have a tax liability. That would be bottom line profit, not operational profit. |
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