Cohousing-L Mailing List: Re: tax exempt status for HOAs

[Ken Lewis (kenlewisjr]

David L. Mandel wrote:
 
> You
> need some better tax advice/representation, I'd say. Good luck.

Agreed. The problem was at the HOA formation stage. I'm making some calls to
hopefully get to the bottom of this. I'm hoping this won't happen to other
groups set up by the folks that set up ours.

Ken


> 
> ----- Original Message -----
> From: "Ken Lewis" <kenlewisjr [at] yahoo.com>
> To: "'Cohousing-L'" <cohousing-l [at] cohousing.org>
> Sent: Tuesday, August 28, 2007 1:07 PM
> Subject: Re: [C-L]_ tax exempt status for HOAs
> 
> 
> > Buzz wrote:
> >
> >> If the government of California deals with the issue
> >> of nonprofit status in the same way as other states,
> >> it will likely only recognize nonprofits that are
> >> officially recognized by the IRS under section
> >> 501(c)(3) of the Internal Revenue Code.
> >
> > California must deal with it differently. We are officially incorporated
> > as
> > a "nonprofit mutual benefit corporation" under the law by the same name.
> > While we are a nonprofit corporation, being tax-exempt is a different
> > matter. One has to explicitly apply for tax-exempt status.
> >
> > The encouraging thing is that homeowners' associations are listed as an
> > example of tax-exempt organizations in California. If we get it, this
> > could
> > be helpful info for other groups.
> >
> > Thanks for your reply.
> >
> > Ken
> >
> >
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> 
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