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...
Being a member of a productive HOA board is a huge commitment. In order to maintain a healthy, thriving community, your board meetings need active committee participation. Because of Covid-19 and the mandate for social distancing, virtual meetings have risen as the...
