The Hidden Costs of Keyboard Warriors Why Online Negativity Hurts Communities In an increasingly digital world, community discussion boards have become vital tools for staying connected within homeowners associations (HOAs). These platforms serve as spaces to...
By Paul Giovanni, MerIT Technology Partners I. ENHANCING CYBERSECURITY IN 2024 AND BEYOND Why Cybersecurity Matters Securing the Future. In today’s interconnected digital landscape, cybersecurity is no longer a concern exclusive to large corporations or tech-savvy...
Revenue Ruling 70-604 was adopted by the IRS in 1970, so that homeowners and condominium associations would have the option to move excess member income forward to the next fiscal year for tax purposes, or to refund excess member income. Although refunds are likely...
By SCOTT CARPENTER, Esq. Carpenter Law Firm | www.carpenter.law You may recall some previous correspondence from HOAMCO regarding the Corporate Transparency Act and the filing requirements that it creates for community associations. We do want to update you with...
By Michael Franciosi, HOAMCO Vice President of Operations Quite simply, escheatment is the process of an institution handing over unclaimed property to its state. We may see this in the case of an abandoned bank account—the bank, after having tried to contact the...
