With federal and state elections less than forty-five days away, political signs are popping up in yards everywhere. Many community associations have restrictions in their declaration or covenants, conditions, & restrictions...more
Was your community association lucky enough to come in under budget last year?
On the surface, this might appear to be a bonus, but if not handled properly, it can quickly turn into an unexpected tax burden. ...more
10/5/2023
/ Budgets ,
Community Associations ,
Condominium Associations ,
Fees ,
HOA Dues ,
Homeowners Association (HOA) ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Membership Agreements ,
Revenue ,
Taxation
There are approximately 14,000 planned communities located throughout North Carolina, but very few of the nearly 3 million residents of such communities have a clear understanding of what the heck the community association...more