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Director and Officer Liability

Can You Pay Directors and Officers of a Michigan Condominium or Homeowners Association?             It is common for a condominium association’s master deed and bylaws or a homeowners association’s declaration to address compensating board members.  Usually, such a provision will either expressly disallow any compensation or

Many individuals and corporations, including community associations, are currently preparing their tax returns.  For associations with excess revenue this process most likely involves a determination of whether to exercise an election under IRS Revenue Ruling 70-604.  A proper election under Revenue Ruling 70-604 can be

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