RealManage Insight

HOA Taxes | What Tax Forms Are HOAs Required to File?

HOA Taxes | What Tax Forms Are HOAs Required to File?

HOA | Condo Financial

In the United States, there are more than 351,000 Homeowners Associations (HOAs).  They represent about 40 million households, or 53% of the owner-occupied homes in the country.  Said differently, if you own your own home, there’s a good chance that you’re part of an HOA.  Given how widespread HOAs are, it’s surprising that most people know very little about how HOAs operate.  For example, are HOAs corporations, are they required to file tax returns and, if so, what kind of tax form do they file?

By Staff Writer on Sep 19, 2017 8:00:00 AM
   
HOA Taxes | What Tax Forms Are HOAs Required to File?

In the United States, there are more than 351,000 Homeowners Associations (HOAs).  They represent about 40 million households,...

By Staff Writer on Sep 19, 2017 8:00:00 AM
Proactive HOA Budgeting for Your 2018 Capital Improvement Projects

Proactively planning your 2018 capital improvement projects is a key step in your 2018 HOA budget preparation process. First,...

By Staff Writer on Sep 5, 2017 10:53:52 AM
5 Tips About How HOA's Determine HOA Assessment Rates

There is a lot about the question how are HOA assessment HOA rates determined that you may not know; indeed, here are five tips...

By Staff Writer on Jul 18, 2017 8:00:00 AM
Understanding the Why's Behind an HOA Special Assessment

 

An HOA special assessment is a fee that is charged to each housing unit within a development, to be used to cover an...

By Staff Writer on May 30, 2017 7:30:00 AM
HOA Bookkeeping | Understanding Different Methods Available

 

There are three main methods of bookkeeping that HOA management companies use. These are GAAP, cash-based, and modified. As...

By Staff Writer on Apr 25, 2017 7:30:00 AM
The Best Banking for a Homeowners Association

We all love shopping for locally-sourced goods, and I am certainly no exception. As a major “foodie,” you can count on me...

By Staff Writer on Apr 20, 2017 7:30:00 AM
Understanding Your Monthly HOA Financial Reports

Homeowner Association fees help to maintain the property of community residents and to improve the overall quality of the...

By Staff Writer on Apr 13, 2017 7:30:00 AM
7 Steps to Prepare Your HOA Budget

In September 2012, the California Department of Real Estate (DRE) was sufficiently concerned about the number of Homeowner’s...

By Staff Writer on Apr 11, 2017 10:00:00 AM
Understanding Who is Spending Your HOA Assessment Money

Almost on a daily basis, a homeowner in one of our associations asks the same question: “What are you spending my money on?!” ...

By Staff Writer on Mar 7, 2017 8:00:00 AM