New York's Cooperative and Condominium Community
Sometimes the two year tax forms submitted by an applicant just don’t smell right. Yes, the forms are signed. But, in this day and age, with a tax preparation software package, one can easily manufacture a “nice” tax package in a matter of minutes.
Sure, the 1040 can be signed!
Who’s the wiser?
Just ask each applicant (yes, each to avoid a discrimination suit) to submit a completed IRS Form 8821, Tax Information Authorization naming the co-op corporation as legal “Appointee”
Visit:
http://www.irs.gov/pub/irs-pdf/f8821.pdf
Neat, huh?
We use this form for every package and surprise, surprise no more smelly applications.
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Habitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Got elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!