Two options for HOA income-tax returns
Q: My husband is on the board of our Homeowners Association, and for the past two years our manager has said we have to file tax returns for the Homeowners Association. Our only income is from the assessments, plus a few dollars of interest from our savings account.
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Senate to consider HOA bill on Monday
She said the “proper purpose” language was particularly vague, and too many Homeowners Associations used it as an excuse not to provide records. “Too often, if the board or manager didn't like the homeowner, they could just say the request for records was not for a …
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