Cohousing-L Mailing List: Re: Food and Taxes

[tamgoddess (tamgoddess]

Here in California, we have to keep any money taken in separate from HOA, or 
lose our tax-exempt status. So we have a separate club for food and money we 
take in from the laundry. It's very important not to make any profit from our 
common areas, so we can't take money for renting anything out, either. 
Donations can be made, though I'm not sure if they go to the HOA or the club.

Liz
 -------------- Original message ----------------------
From: balaji [at] ouraynet.com
> Hi,
> 
> Are the costs for meals, housing, clothes, etc. incurred in some types of
> intentional communitues reported on tax forms or 990/900-PF forms as
> regular corporate expense or as taxable in kind wages, or as
> taxable/exempt fringe benefits or as non-cash dividends? Thanks.
> 
> Charles N.
> Tuscaloosa Cooperative Association
> 
> 
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