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...
