by Lawrence Szabo, Esq. | Feb 9, 2014 | Finances, Managing Agent
An IRS Form 1120-H is the tax filing form used by homeowners associations that want to take advantage of certain tax benefits that allow the association to exclude “exempt function income” from the association’s gross income. Exempt function income...
by Lawrence Szabo, Esq. | Jan 14, 2014 | Managing Agent
An article in the L.A. Times on January 12, 2014, highlights the importance of knowing the contents of the agreements that a homeowners association enters into. Frequently, homeowners associations find themselves bound to agreements that contain provisions that are...
by Lawrence Szabo, Esq. | Dec 14, 2013 | Managing Agent, Ownership and Transfer of Interest
October 28, 2013. A California Court of Appeal issued a decision clarifying a community association manager’s ability to charge transfer fees upon a change of ownership. The appellate court rejected potential class action claims against a management company for...
