Quote:
It never ends, a $500,000 loan provided in 2012 by a related party was forgiven.
In 2013 the MRRU received a loan of $5,500,000 - ultimately forgiven
In 2014 the MRRU received a loan of $8,750,000 - ultimately forgiven
Then
In 2013 the MRRU provided services to the ARU $3,700,000
In 2014 the MRRU provided services to the ARU $5,986,404
To me, a taxable entity (MRRU) was providing services in 2013/14, to the not for profit organisation (ARU) for $9,686,404.
Reading through the posts others said that services received from the MRRU didn't show up on the RA's books.