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5/18/2016 11:55:29 AM
 
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Section 5: OPA Board Subject: Tax Status Msg# 949965
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Joe
That is a very interesting question and I do not know the answer. Since they did not look at assessments in our case, my guess is that they would only look at operating revenue. Jeff |
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For reference, the above message is a reply to a message where: How do you think the IRS would handle an HOA like Ocean Pines is the assessment covered the use of all amenities (except food and booze) and the overall bottom line of the HOA showed a loss? |
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