11/25/2019
Is your Michigan condominium association compliant with the Michigan condo law? Starting in 2014, all condominium associations that bring in more than $20,000 per year have been required to get an outside CPA to perform a formal audit or review, unless a majority of all of their members vote to opt out of the audit/review every year. Michigan Community CPA can usually provide a formal CPA review for $750 and tax return.
If your association is actually a homeowner association (and not a condo association), then the 2013 law doesn't apply to you...but you still need to make sure you are filing your annual tax return. All associations are required by the IRS to have a tax ID # and to file a tax return annually. We can prepare your homeowner association tax return, usually for just $100.
Contact us today at: http://www.michigancommunityauditors.com/contact.html
Due to Public Act 134 of 2013 , effective January 2014, the Condominium Act of Michigan, Section 57 requires condominium associations with annual revenues over $20,000 to do one of two things: Have...
