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In this blog, we’ll explain the purpose, advantages, disadvantages, and eligibility criteria for Form 1120-H and Form 1120 to help your HOA make an informed decision.
Homeowners associations (HOAs) are essential in preserving the value and operational efficiency of residential neighborhoods. A significant financial aspect of an HOA is the reserve fund. In this blog, we will discuss the purpose of a reserve fund, the significance of a reserve study, and the differing requirements across various states.
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