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…
There are several federal laws on HOAs that communities must comply with. The board needs to understand these laws to make sure they avoid liability. What Are the Federal Laws on HOAs? Homeowners associations are generally limited by what’s stated in the governing documents. However, just because something is not prohibited in the community’s…
First enacted in 1963, the Ohio Condominium Act has understandably fallen behind the times, especially when it comes to solar access. Now, Senate Bill 61 seeks to change that. Senate Bill 61 Makes Solar Access Changes to the Ohio Condominium Act Senate Bill 61 was recently signed by Gov. Mike DeWine. Now law, the…
An HOA flag display is a common point of dispute among homeowners and their associations. So, should homeowners associations allow residents to display flags on their property? What kind of flag restrictions should an HOA impose? The HOA Flag Display on the Fourth of July While Independence Day is more typically associated with backyard…
Homeowners in Ohio have long battled their HOAs for the ability to install solar panels on their homes. Now, with the introduction of a new bill, that may very well soon change. Learn more about the new Ohio HOA solar bill below. Understanding Ohio HOA Solar Restrictions Anyone who has ever lived in a community…
The Kentucky Homeowner Assistance Fund is designed to help homeowners avoid foreclosure. But, not all homeowners are eligible for the program. What Is the Kentucky Homeowner Assistance Fund? In collaboration with the Kentucky Housing Corporation (KHC), a program called Team Kentucky Homeowner Assistance Fund (KYHAF) was launched to assist homeowners affected by the COVID-19 pandemic.…
Complying with your state laws is imperative if you want to stay out of legal trouble. What are the different Kentucky HOA laws that homeowners associations must keep up with? Why You Should Know the Kentucky HOA Laws Citizens have a personal responsibility to know the law and abide by them. In a similar…
Like many other states, Ohio has certain statutes governing communities like homeowners and condominium associations. Get to know your Ohio HOA laws below. The Importance of Knowing Ohio HOA Laws Homeowners associations are bound by certain laws in Ohio. Board members must familiarize themselves with these laws, as well as federal laws, to avoid…
As a homeowner in an HOA, you have a responsibility to follow the rules and regulations set forth by the association. Breaking these rules can result in consequences, and dealing with HOA violations is no walk in the park. Here is everything you need to know about HOA violations. Dealing With HOA Violations the…