Do HOAs Have To File Tax Returns?
A home owners association is considered a corporation by the Internal Revenue Service. Even if the association is organized as a non-profit, the IRS will treat it as a corporation. That means HOAs must file tax returns, including a state return in some states, but that does not necessarily mean an HOA may owe taxes. Know the rules before you get your HOA into any tax troubles. HOA tax returns require some special handling of different types of income and expenses. Read the article………
Question: If a board member abstains from voting at a duly called board of directors meeting is this abstention vote
Setting clear boundaries is a very important aspect of the relationship that the HOA Board has with its residents, but
Here in California we’re experiencing one of the worst droughts in decades. State wide, officials are calling for more stringent