Please note the bolded part about paying other person such as a management services company. Is such a case it is REQUIRED to be listed as if pad to the officer even though it was not. Seems like FARM paying BYU but listing Peterson as the receptient is the correct presentation. Are you ready to concede your error here?
I'm not quite sure what you're getting at, Jason. As I said earlier, I am unsure as to whether or not the FARMS accountant did anything wrong. As you'll recall, it was DCP who suggested that was the case.
So, while it may very well be accurate to say that CPAs take "'creative' liberty" with the facts, the truth is that this doesn't really fall into line with what the IRS expects. What CPAs do and what the IRS expects aren't necessarily the same thing.
Looks like the CPA did it the way he was supposed to.
Are you sure? Did you also inspect, say, the 1997 FARMS 990 form? For all I know, the CPA *did* do a good job. But, given DCP's statement that he was fired, I guess it is only fair to wonder about this a bit.[/quote]
Wow Scratchy. Did you read the instructions as you said? It took me all of about three minutes to find what I posted and that said if the NFP pays a fee for the chairman or other directors time to a management company or another organization the 990 shows it as if paid to the chairman. Isn't that what you have been whining about? That the 990 said 20,000 was paid the Chairman, one DCP. And that one DCP says it was not paid to him but to BYU. I have just demonstrated this is the case and yes I did look at the 1997 Form 990.
I submit that unless you concede this point and apologize to Dr Peterson it will certainly demonstrate that you are not interested in truth. Rather it will prove you are on a spinning smear campaign regardless of facts and will perpetrate character assassination regardless.