Well, you can always count on the IRS for a transparent, straight answer! Evidently the IRS thinks the proposed, prepaid NCUSIF assessment will represent a "gift" to NCUA.
That certainly changes everything...
Dear Members, We have decided, that rather than make an interest free loan to NCUA; we will instead simply make a gift of your money to them. Is that OK with you? Sincerely, Your soon to be former....
1 comment:
Well, you can always count on the IRS for a transparent, straight answer! Evidently the IRS thinks the proposed, prepaid NCUSIF assessment will represent a "gift" to NCUA.
That certainly changes everything...
Dear Members,
We have decided, that rather than make an interest free loan to NCUA; we will instead simply make a gift of your money to them. Is that OK with you?
Sincerely,
Your soon to be former....
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