This is a multi-page post. S-bag continues to file as a For-Profit Corporation rather than under the Homeowner Association Tax Option. Reason Unknown. Generally, it is favorable to file as a Regular Corporation when there are substantial NON-MEMBER REVENUES. I specifically asked for clarification last year from Toneesha and from the auditor and neither would provide an answer.
Part 2 This is a multi-page post. S-bag continues to file as a For-Profit Corporation rather than under the Homeowner Association Tax Option. Reason Unknown. Generally, it is favorable to file as a Regular Corporation when there are substantial NON-MEMBER REVENUES. I specifically asked for clarification last year from Toneesha and from the auditor and neither would provide an answer.