message board home
Next
5/17/2016 6:46:38 PM
 
Reply
or ReplyNewSubject
Section 5: OPA Board Subject: Tax Status Msg# 949917
|
||||||
|
Marty
Common sense has nothing to do with anything and the IRS does not care at all about those things. For them it is simple... If the activity/amenity is available to the public it matches the reason for our tax exemption and is not taxable... no matter how large. If the activity is not available to the public, however, it is taxable. If it operates at a loss, the tax would be zero. Otherwise it would taxed at the appropriate rate. Jeff |
||||||
|
|
||||||
|
For reference, the above message is a reply to a message where: Jim: I hope you don't think I was insinuating that you are not competent? Not true. I have the highest respect for you and your opinion. Now, that said, let's talk about the OPA amenities other than the Beach Parking which I would argue is an anomaly. I do not believe for even one second that anyone, IRS or otherwise, expects the property owners/OPA members, to invest in maintaining and improving amenities, which for the most part are located inside of what was not all that long ago a private and gated community, for public use by others. It defies any common sense. Marty |
| Calendar |
OPA Board Meeting - Golf Clubhouse
1/25/2025 - 9: A.M. |
|
OPA Board Meeting - Golf Clubhouse
2/22/2025 - 9:00 A.M. |
|
OPA Board Meeting - Golf Clubhouse
3/29/2025 - 9:00 A.M. |
|
OPA Board Meeting - Golf Clubhouse
4/26/2025 - 9:00 A.M. |
|
OPA Board Meeting - Golf Clubhouse
5/24/2025 - 9:00 A.M. |