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Well, AGDee, that has been a source of consternation for us, to say the least! We finally caved into it though it isn't the case any where else that I recall.
MysticCat,that's what I am talking about. It is really not the same issue but the 990 only takes into account non member income over $1000 for taxable purposes. The problem begins when audited. We had a smaller HC that had somehow ended up with a nice sized portfolio that was doing quite well. As a result, the interest/divident income was becoming problematic. However, the HC was reluctant to set aside any of that in order to safeguard it as they looked at it as locking them into things they might not want to do down the road. So the question was whether they wanted to pay taxes on it. Once they finally understood the overall picture (and we had to do mock ups of 990s for them to look over), they went along with our recommendations. Somehow, they all think they'll never get audited so why bother! OMG!
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