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[Bob Pickle]

With all the talk about total exoneration of 3ABN by the IRS, I've come up with another question.

Organizations that file Form 990's are supposed to also file Form 990-T to report income from unrelated business activities if it amounts to more than $1000. Should 3ABN have filed such?

In their property tax case hearing, a list of lease payments received in 2000 was entered as an exhibit. $500 a month was received as a lease payment from a Subway restaurant. Is there any possible way that a Subway restaurant could be considered an activity related to 3ABN's exempt functions?

If not, then should 3ABN have filed a Form 990-T in 2000 and 2001? And if so, how could the IRS have concluded that the neglect to do so was not an infraction or a discrepancy?

[Bob Pickle]

A similar question could be raised by a filing made by the plaintiffs on May 29. The plaintiffs contended something about 3ABN receiving royalties. If 3ABN is really receiving royalties, would that be related business income or unrelated business income, and if unrelated, would that necessitate filing a Form 990-T if the amount is greater than $1000?

[Bob Pickle]

$330 a month for the lease by American Tae Kwon Do and $65 a month from a barber shop would also seem to be unrelated business income, wouldn't it? Add these sums to the Subway lease and you get $895 a month, which would be more than $10,000 a year, or more than 10 times the threshold for filing Form 990-T.

Infraction or discrepancy? Or am I overlooking something somewhere? Or is income from Tae Kwon Do, barber shops, and restaurants related to 3ABN's exempt activities in some way?

[anyman]

Mr. Robert Pickle why don't you enroll in your local Community College or University, become an educated Certified Public Accountant and when you have come back and share based on an established knowledge base . . . until you do, there is nothing here but you and a copy of "Accounting for Dummies" or " The Complete Idiot's Guide to Accounting, 2nd Edition" . . . you spend so much time ringing the mulberry bush attempting to make your accusations sound like mere "wonderings," however the courts will see right through that and establish that your "wonderings" are merely thinly veiled accusations . . .

Go find the answers yourself and don't speculate here in an attempt to mislead others into believing that your accusations are meaningful.

$330 a month for the lease by American Tae Kwon Do and $65 a month from a barber shop would also seem to be unrelated business income, wouldn't it? Add these sums to the Subway lease and you get $895 a month, which would be more than $10,000 a year, or more than 10 times the threshold for filing Form 990-T.

Infraction or discrepancy? Or am I overlooking something somewhere? Or is income from Tae Kwon Do, barber shops, and restaurants related to 3ABN's exempt activities in some way?

[Sam]

Mr. Robert Pickle why don't you enroll in your local Community College or University, become an educated Certified Public Accountant and when you have come back and share based on an established knowledge base . . . until you do, there is nothing here but you and a copy of "Accounting for Dummies" or " The Complete Idiot's Guide to Accounting, 2nd Edition" . . . you spend so much time ringing the mulberry bush attempting to make your accusations sound like mere "wonderings," however the courts will see right through that and establish that your "wonderings" are merely thinly veiled accusations . . .

Go find the answers yourself and don't speculate here in an attempt to mislead others into believing that your accusations are meaningful.

$330 a month for the lease by American Tae Kwon Do and $65 a month from a barber shop would also seem to be unrelated business income, wouldn't it? Add these sums to the Subway lease and you get $895 a month, which would be more than $10,000 a year, or more than 10 times the threshold for filing Form 990-T.

Infraction or discrepancy? Or am I overlooking something somewhere? Or is income from Tae Kwon Do, barber shops, and restaurants related to 3ABN's exempt activities in some way?

I agree anyman.  I think Bob's time would be better spent practicing citing facts and "real" answers on the witness stand as the judge will not put up with his repetition and meanderings.

[Bob Pickle]

I consulted with a CPA before I started this thread. Why not add something meaningful to the conversation rather than resort to insults?

Once again, the question is whether 3ABN should have filed a Form 990-T for unrelated business income in excess of $1000 coming from lease payments totaling over $10,000 from American Tae Kwon Do, Subway, and a barber shop.

Your answer, Sam and anyman?

[Snoopy]

LOL!!  In the meantime sammy, maybe your time would be better spent having anyman explain to you what a "director" is!!   

I agree anyman.  I think Bob's time would be better spent practicing citing facts and "real" answers on the witness stand as the judge will not put up with his repetition and meanderings.

[Gailon Arthur Joy]

Mr. Robert Pickle why don't you enroll in your local Community College or University, become an educated Certified Public Accountant and when you have come back and share based on an established knowledge base . . . until you do, there is nothing here but you and a copy of "Accounting for Dummies" or " The Complete Idiot's Guide to Accounting, 2nd Edition" . . . you spend so much time ringing the mulberry bush attempting to make your accusations sound like mere "wonderings," however the courts will see right through that and establish that your "wonderings" are merely thinly veiled accusations . . .

Go find the answers yourself and don't speculate here in an attempt to mislead others into believing that your accusations are meaningful.

ANYMAN, better yet, why don't you just call your community college and use their free service and bring us an answer?

I would recommend you even consdier calling the IRS toll free help line and bring us back the answer.

Intelligent responses are the way to deal with "thinly veiled accusations" unless you know the answer is negative in advance.

Gailon Arthur Joy

[Gailon Arthur Joy]

I agree anyman.  I think Bob's time would be better spent practicing citing facts and "real" answers on the witness stand as the judge will not put up with his repetition and meanderings.
[/quote]

Don't you just hate all this discovery process, SAM? It just keeps bringing up all kinds of questions that causes one to question the factuality and soundness of the speculative statements of Duffy, Ronnie and Gilley!!!

Stick around and we will give you even more to chew on as you libel yourself.

Gailon Arthur Joy