Category: Financial
Community Associations are NOT Charitable Organizations Exempt from Ohio Sales Tax
Condominium and homeowner association board members often ask whether their community association has to pay sales tax or other taxes since the association is an Ohio non-profit …
Selecting a Reserve Study Company and Setting the Scope of the Study
In Ohio, to avoid litigation related to reserve funding, the choices are clear and the law is simple – adopt a budget that adequately plans …
Emergency Operating Expense Special Assessments
Ohio requires that condominium and homeowner association boards adopt an annual budget to build sufficient reserves to repair and replace major capital items, in the …
Ohio Community Associations Dodge a Sales Tax Bullet
On February 12, 2013, a new budget and tax reform plan known as House Bill 59 was introduced. Under the proposal, Ohio’s sales tax rate …
Requesting Your Association’s Federal Tax ID Number
Condominium and homeowner association board members and property managers are often asked for their association’s Federal Tax Identification Number. Community associations in Ohio are not-for-profit …
Association Thief Released From Prison
After serving 44 months of a 51 month sentence in federal prison for stealing more than $3.4 Million Dollars from over 40 of Ohio’s community …
Aurora Management Theft Leads to Prison Sentence
As a result of her theft of over $1 Million Dollars, Tracy Reed was sentenced to seven (7) years in prison yesterday by Judge Judith …
Impact of “Robo-Signing” on Association Foreclosures
Recently, there has been significant media attention regarding banks’ “robo-signing” procedures and the impact on pending foreclosure cases. In response, many Ohio judges have imposed …
NPR Columbus – Condominium/HOA Special Report
For those of you who were unable to listen live to Kaman & Cusimano, LLC Attorney Marie Rutkowski’s appearance on WOSU Columbus, the show’s archives …
Foreclosures Lead to Rise in Homeowners’ Association Fees
Recently, WKYC Cleveland ran a “focus” story entitled “Foreclosures Lead to Rise in Homeowners’ Association Fees” featuring Kaman & Cusimano, LLC Attorney David Kaman. The …
