hoa taxes

HOA Taxes And Form 1120H

HOA taxes are a confusing topic for many community associations. Despite being non-profit organizations, HOAs are still required to pay taxes. How does it all work and are dues tax deductible? Let’s find out.   Do HOAs File With the IRS? Are HOAs tax exempt or do they need to file their taxes just like…

vendor insurance

Should HOAs Require Vendor Insurance?

Every homeowners association will need to hire vendors to maintain common areas. However, one thing that board members don’t always think about is vendor insurance. Is it necessary? How much coverage should vendors have? Let’s find out.   What Is Vendor Insurance for HOAs? Homeowners associations work with various vendors. They hire vendors for landscaping,…