Re: [ga] HOWCANN YOU LOSE VERIFICATION 1.3 MIL?

[Eric Dierker <ERIC@hi-tek.com>]

Danged I wish it were so black and white.  But the problem is that the Mr.
Roberts you refer to has clearly never read section 557 dealing with
acceptable income for non-profits, pages 22-30.

The next item of denial is that he think they have solved the problem -
wrong.  The problem does not really occur from loss it occurs from the fact
that ICANN can not verify the income because they have no contracts for the
income, remember ccTLDs have no contracts yet and so there is technically and
legally no accounts receivables.
But there is the rub until they have contracts with the ccTLDs they cannot
possibly comply with proper reporting concepts.

The whole next issue is qualified income versus charges which are not
non-profit and do not fit into the 10% 31% and 51% tests and require
disqualification.

The next issue requires evaluation the fact that know permanent certificate
has been issued, only a forward looking temporary.

Of course I am only a a lowly, JD and certified taxpayer representative but
that ain't no legal opinion IANAL.

Sincerely,

Jeff Williams wrote:

> Eric and all assembly members,
>
>   This is some sort of auditing procedure that I certainly am not familiar
> with!
> Possibly I should bring this to the attention of the IRS?
>
>   And yes isn't it interesting that the inability to account of $1.3m and
> still have the gall to demand $15k from the NCDHHC is a real peace
> of work isn't it?  Maybe this is why yesterday on the NCDNHC and the
> ICANN-Europe list that Mike Roberts wanted to deflect other inquiries
> and denotations in their financial records by going into a denial rage?
>
> Eric Dierker wrote:
>
> > THIS HERE IS A CUT OUT OF ICANN'S OFFICIAL INDEPENDENT AUDIT AT;
> > http://www.icann.org/financials/financial-report-fye-30jun00-letter.htm
> >
> > <<    We were unable to obtain sufficient verifiable evidence supporting
> > certain Country Code Top Level Domain (ccTLD) accounts receivable
> > totaling $1,355,000 at June 30, 2000 or the related registry fee
> > revenue, which is included in the change in net assets for the year then
> > ended as described in note 2 to the financial statements; nor were we
> > able to satisfy ourselves as to the adequacy of the allowance for
> > doubtful accounts related to these receivables.
> >
> >     In our opinion, except for the effects of such adjustments, if any,
> > as might have been determined to be necessary had we been able to
> > examine verifiable supporting evidence regarding the accounts
> > receivable, allowance for doubtful accounts and related registry fees,
> > as discussed in the third paragraph of this report, the financial
> > statements referred to in the first paragraph above present fairly, in
> > all material respects, the financial position of Internet Corporation
> > for Assigned Names and Numbers as of June 30, 2000 and the changes
> >     in its net assets and its cash flows for the year then ended in
> > conformity with accounting principles generally accepted in the United
> > States of America.>>
> >
> > Now I just want one or two of you to march right into your tax office
> > and explain that you do not have the documents for, oh say roughly, a
> > third of your income so you ain't gonna pay on it because you should be
> > a non-profit.  And these guys want to suspend voting rights for a
> > constituency that has not paid 15 grand.
> >
> > --
> > This message was passed to you via the ga@dnso.org list.
> > Send mail to majordomo@dnso.org to unsubscribe
> > ("unsubscribe ga" in the body of the message).
> > Archives at http://www.dnso.org/archives.html
>
> Regards,
>
> --
> Jeffrey A. Williams
> Spokesman for INEGroup - (Over 118k members strong!)
> CEO/DIR. Internet Network Eng/SR. Java/CORBA Development Eng.
> Information Network Eng. Group. INEG. INC.
> E-Mail jwkckid1@ix.netcom.com
> Contact Number:  972-447-1800 x1894 or 214-244-4827
> Address: 5 East Kirkwood Blvd. Grapevine Texas 75208

--
This message was passed to you via the ga@dnso.org list.
Send mail to majordomo@dnso.org to unsubscribe
("unsubscribe ga" in the body of the message).
Archives at http://www.dnso.org/archives.html