This video helps you understand the differences between Form 1120-H and Form 1120, and alerts you to the huge tax risks that exist on Form 1120.
We routinely recommend that associations file Form 1120-H.
Title: Marketing Manager
Location: Ventura, CA
Career level: Experienced, non-managerial
Location: Miami, Florida
An HOA Board Treasurer is being investigated for the theft of $200,000.
A man gets approval to build a backyard wonderland that includes an infinity pool, a sport court and a putting green. Once built there are neighbors who thought it was out of character for the neighborhood and now they are going to court.
A Raleigh woman builds a staircase on her home without following the covenants of the HOA and faces $100 in fines per day, possibly leading to foreclosure.
Encana Oil and Gas has been drilling in and around the Grass Mesa HOA since 2002. Grass Mesa wants the Gas Company to repair the roads at a cost of $3 million.
Homeowners believe they have been misled by the homeowners association about the road work being done in their community and now their property taxes will double within the next 15 years.
A lawsuit between Southshore Heights HOA and a resident of the association over solar panels has resulted in Mr. Adams having to remove his solar panels by July 1.
Toms River is rebuilding sand dunes damaged or flattened by Hurricane Sandy. The town wants easements which will give the town permission to do the work in exchange for a strip of property. Homeowners do not want to sign because they are concerned the town will open their beaches to the public.