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Dear Fools

I have recently been voted on to the board of a small coop in New York. The coop doesn't keep a positive balance for any expenses other than to pay the regular bills and taxes. I would like to build a balance to cover any unforseen repairs but I'm unaware of the taxes implications of a positive balance for the coop.
If anyone can tell what taxes the coop would face or can tell me of a web site where I can get some answers it would be a great help.

thanks
JMNY
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