Taxation – Subdivision Association – Parking Lot & Beach Club – Net Income – Private Interests
Ocean Pines Ass’n Inc. v. Comm’r of Internal Revenue A tax-exempt subdivision association must pay taxes on net income from two parking lots and a beach club that benefit the private interests of association members rather than the general public; the 4th Circuit affirms the Tax Court judgment, as the income is not “substantially related” to the association purpose of promoting social welfare, but is taxable as “unrelated business taxable income.”
Login required
You have clicked on a link to
information that is | ||
Already a paid subscriber but not registered for online access yet? For instructions on how to get premium web access, click here. |
||
Interested in Subscribing?
Start by choosing how you'd like your news delivered.
![]() - Print and Digital - | ![]() - Digital Only - |
![]() Try North Carolina Lawyers Weekly for a month |
Published: March 14, 2012
Time posted: 4:20 pm
Tags: Net Income, Parking Lot & Beach Club, Private Interests, Subdivision Association, Taxation






![[Print]](http://nclawyersweekly.com/wp-content/plugins/tdc-sociable-toolbar/print.png)
![[Email]](http://nclawyersweekly.com/wp-content/plugins/tdc-sociable-toolbar/email_2.png)
![[RSS Feed]](http://nclawyersweekly.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[Facebook]](http://nclawyersweekly.com/wp-content/plugins/tdc-sociable-toolbar/facebook.png)
![[Twitter]](http://nclawyersweekly.com/wp-content/plugins/tdc-sociable-toolbar/twitter.png)



