KeithM (North Carolina)
Posts: 2
Posts: 2
Posted:
I would like to hear from any HOA Director or Treasurer that is operating with or without a 501(c)4 Tax Exemption ? This is a costly process,especially for small HOA complexes that have no taxable income except possibly on small interest on emergency reserve CD accounts. Does your state require this ? IRS ? Advantages/Disadvantages ?
What have you experienced with or without this process ? I previously asked a similar question, but no one has addressed whether they have gone through this procedure or not. Is it a necessary function, or can you live without it ? I would appreciate any input. Thank you.
What have you experienced with or without this process ? I previously asked a similar question, but no one has addressed whether they have gone through this procedure or not. Is it a necessary function, or can you live without it ? I would appreciate any input. Thank you.