HOA Taxation

HOA Taxation can be extremely convoluted due to the lack of Internal Revenue guidance. Earney and Company has experience in preparation of tax returns and providing tax consulting services to our clients in order to help them understand this complex area of financial accountability. Some areas in which we have experience include:

Tax Form Selection

Revenue Ruling 70-604 - As a tax planning tool, revenue ruling 70-604 is critical for association managers and members to be aware of. The complexities in qualifying under this revenue ruling make it an area where guidance from a CPA is recommended.

Reserves or Special Assessment Accounts