Gated Association Gains Tax Exemption

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 2, 2009 -- This association consists of more than 5,000 lots and is a gated community. It is very rare for a gated association to qualify as a tax exempt social welfare organization. However, this association qualified for tax exemption because it is large enough to constitute a community in and of itself, and because it also performs a number of quasi-governmental functions.

The activities performed include road maintenance for more than 40 miles of roads, security patrol coordinated with Sheriff's department, architectural review board, and community governance. The Association is also home to a County Fire Department station and the association is designated as a first responder in case of emergencies. Recreational activities consist of boating, equestrian trails, and sports courts serving the community. The Association also operates timeshare units that are available to the public.

Porter and Company, CPAs has prepared more tax exemption applications than any other tax professional serving the HOA industry, and has successfully regained tax exempt status for several associations that had their exempt status revoked by the IRS. Our experience has benefited many associations across the country.

For more information on tax exemptions for homeowners associations, contact Gary Porter CPA at (800)304-6700 or gary@garyportercpa.com. View our website at www.501c4taxexempt.com

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More information can be found online at http://www.501c4taxexempt.com