Reserve funds versus operating funds, what a reserve study produces, the four funding methods, the entries boards get wrong, and why reserve interest is taxable on either return.
HOA Reserve Fund Accounting: Percent Funded, Studies and the Tax on Interest Read More »
Form 1120-H vs Form 1120 for homeowners associations: the 30% vs 21% tradeoff, the 60/90/85% qualification tests, Section 277, Rev. Rul. 70-604, and worked numbers for each scenario.
Form 1120-H vs. Form 1120: Which Return Should Your HOA File? Read More »
HOA accounting explained: operating vs reserve fund accounting under ASC 972, reserve studies, state audit thresholds, and the annual Form 1120-H vs 1120 tax election.
HOA Accounting: Fund Accounting, Reserves, and the 1120-H Decision Read More »