<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

How should Condo Association Board fees be handled through taxes?

| Condo & HOA Assessments |   Condo Association Management |   Board of Directors |   Condo & HOA Law |   CCR, Bylaws & Rules |   Disabilities & Owner Rights |   Fees, Foreclosures, Delinquencies & Collections |   Maryland |  


Question:

Condo Association Board has questions around reimbursement and taxes resized 600

Hello, I’m a member of a Maryland Condo Association.

My question is this.  If a Condo Association pays a Board member who is the Treasurer $1,000 per month, should a 1099 tax form then be sent to the Treasurer?


Answers (10)

What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.
 

Related Posts

Shouldn't HOA treasurer have a finance background?

Should the HOA be taken to court for harassment over a washing machine?

How to handle trash-talking board members?