Resources Archive - Page 25 of 50 - Association Reserves

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IRS Form 1120-H: Does an Association Pay Taxes on Reserve Interest?

HOA community associations may be nonprofit corporations, but they can still owe federal income tax. Learn when reserve interest is taxable and how IRS Forms 1120-H, 1120, and 990 may apply.

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Why Reserve for Expenses 30 Years Away?

Today a well-intentioned Boardmember called, asking why he should tell his homeowners that the expensive roof they installed two years ago,

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Which Components are (and aren’t) Included?

It is as important for our clients to have an accurate expectation of which components they will see in the Reserve Study as it is to expect

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What to do when a Component Fails Early?

You expect your roof to last 20 years, but after 15 years you are having leaks everywhere. Your pool heater is a lemon and after three years you are convinced any more repairs would be a waste of money. Your last paint job is simply not cutting it. You need to spend Reserves earlier than planned. What do you do?

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Should we Reserve for Tile Roof Replacement?

When there is a major component that we know will have some related expenditures but where predicting the size and timing of those expenditures are difficult, we often provide the association an “allowance”, meaning a sum of money every few years to handle estimated periodic expenses related to the component.

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Should we Reserve for Insurance Deductibles?

Many associations choose to obtain insurance against a possible significant loss: earthquake, flood, wind, or other major catastrophe. Due to the nature of this type of insurance, the deductible is often very large. While insurance is expected to cover the majority of a loss,

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