Tax time for HOAs? (NC)

As the year draws to a close, many of us are engaging in year-end tax planning for ourselves and our businesses. Since homeowners associations are almost always non-profits, HOA board members and managers may think that tax planning for HOAs is not necessary. While most HOAs won’t owe taxes, there are still tax-related issues to be aware of this time of year.     Read the article………..


Related Articles

The clock can run out on HOAs’ ability to sue for defective work

This is part two in a two-part series about condominium and HOA construction defects by my colleague Gregory L. Shelton,

The clock can run out on HOAs ability to sue for defective work

Condominium owners’ associations (COAs) and homeowner’s associations (HOAs) are usually responsible for repair and maintenance of common elements. For HOAs,

Repairing dams, roads, lakes costly proposition (NC)

Matthew did a number on four of this city’s earthen dams, and the October storm has left us with some