Reading all
74 messages in thread
message board home
message board home
Next
5/16/2016 10:36:43 AM
 
Reply
or ReplyNewSubject
Section 5: OPA Board Subject: Tax Status Msg# 949682
|
||||||
|
Please note also that our profits on parking were taxed even though OPA operated at a loss overall.
Yes, and should this make one assume this was treated as an unrelated business activity? If so, was this parking lot a one-off, or would the same apply to golf courses, swimming pools, tennis, etc? What would be the tax status if all amenities, or many, were a part of the assessment? I do not know if the board clarified such questions with our tax attorneys during the IRS case, or whether we even asked IRS. Association emmebrs were generally held in the dark during and after the case. |
||||||
|
|
||||||
|
For reference, the above message is a reply to a message where: Tom Your opservstion is correct. Please note also that our profits on parking were taxed even though OPA operated at a loss overall. Jeff |
| Calendar |
Special Board Meeting - Board Room
11/21/2024 - 7:00 P.M. 3 days or less away! |
|
OPA Board Meeting - Golf Clubhouse
11/23/2024 - 9:00 A.M. 3 days or less away! |
|
OPA Board Meeting - Golf Clubhouse
12/21/2024 - 9:00 A.M. |
|
OPA Board Meeting - Golf Clubhouse
1/25/2025 - 9: A.M. |
|
OPA Board Meeting - Golf Clubhouse
2/22/2025 - 9:00 A.M. |