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5/17/2016 11:18:36 AM
 
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Section 5: OPA Board Subject: Tax Status Msg# 949837
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did we stray off the original topic or did I miss a relevant post?
It is called thread drift. Happens all the time. No different than people talking at a cocktail party. I've moved the tax discussion to a different topic. |
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For reference, the above message is a reply to a message where: did we stray off the original topic or did I miss a relevant post? we started out with tom j's 'open to the public' question, to which I responded that I believed it was imposed on us by our tax status. jef confirmed that (I hadn't seen his post when I wrote said response), mentioning 'community service tax status'. so have we settled on the fact that 'open to the public' is due to our tax status, which I believe is 501 c 3 or 4. and joe, in some of your posts you seem to indicate that your thinking is that the irs isn't going to look at us too hard re non-profit because of our huge losses, so we shouldn't be concerned about fulfilling the 'community service' requirement. if so, I can see your reasoning, but does the benefit (amenities for property owners only) justify the risk (fine, losing our non-profit status etc)? if I was reading between the lines and interpreted your thoughts incorrectly, sorry about that. steve lind |
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