Monthly Archives: August 2017

Village Commons (Townhouses)

Posted on August 22, 2017 by Dr. Wanda Merical

While many are aware we have an area, beyond the Golf Course, for our Townhouses, very few understand the original set-up for Village Commons. The idea was to create a townhouse, apartment and duplex style living for those who do … Continue reading →

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Water & Sewage Costs

Posted on August 21, 2017 by Dr. Wanda Merical

Pine Mountain, for years, has only billed certain pieces of property with “Water Available, Sewer Available, Water Maintenance and Sewer Maintenance” charges.   Because only a limited number of lots have been charge, the funds acquired cannot extend themselves to … Continue reading →

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Finances, Assessments & Dues

Posted on August 21, 2017 by Dr. Wanda Merical

Pine Mountain is required to create an Annual Assessment each year by the 1st of January.  Unfortunately, this has not happened for quite a while.  Each year, since 2015, Pine Mountain has not only adopted the budget from the previous … Continue reading →

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IRS Ruling 70-604

Posted on August 6, 2017 by Dr. Wanda Merical

Revenue Ruling 70-604 was published by the IRS in 1970 in response to tax practitioners’ request for some sort of relief from the inherent inequities of homeowners association filing Form 1120, at that time the only tax filing option for … Continue reading →

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