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The HOA will still authorize the work, but only a select group will pay for it.Condo Association Tax Return Filing: The Critical Steps HOA CPA: How to Find a Qualified CPA for Your Homeowners Association Form 1120-H Instructions: Tips & Tricks to Stay Out of Trouble HOA Taxes: Examining the Differences Between Form 1120-H and 1120 What To Do If You Have Delinquent or Unfiled HOA Tax Returns.94.645 Adop­tion of annual budget 94.647 Use of written ballot for approving or rejecting matters subject to meeting of associa­tion members 94.650 Meetings of lot owners.INCOME: 40010 Assessment Income 424,096.00 All members of the Association are entitled to a copy of the 2009 year 2010 APPROVED BUDGET The Board of Directors has approved this budget and the quarterly assessment which must be paid by January 1st, April 1st, July 1st and Account Description 2010 October 1st.