Helping HOAs & Condo Assocations File Tax Returns
In this post we will look specifically at the Arizona HOA tax return filing requirements. We have talked extensively about the tax requirements of HOAs. But often omitted from any tax discussion is the state filing requirements for HOAs. This is a big area of complexity as each state is different. In fact, some states […]
IRS Form 1120-H is an often misunderstood form and the instructions can be confusing. All HOAs and condominium associations (whether residential or commercial) must file federal tax returns. In addition, most states require a state income tax return to be filed as well. Simple Navigation Form 1120-H Instructions IRS Form 1120-H Filing Requirements Form 1120-H […]
HOA taxes can be confusing. There are many unique tax considerations. So just like other entities, they need to do relevant tax planning in order to minimize any potential tax impact. In this post we are taking a look at the differences between filing two different forms. HOAs have two forms to choose from – […]
Many Americans live within a homeowners association (“HOA”). In fact, there are over 300,000 HOAs in the United States. But little is known about the tax filing requirements of HOAs, including how to file tax form 1120-H. In this post, we will walk through an HOA tax return. It is a relatively straightforward form, but […]
Unfiled HOA tax returns impact many HOAs across the country. In fact, many HOAs don’t actually realize that they have a filing requirement. It really is not that uncommon. But if the unfiled returns go on for long periods, they can result in large penalties and interest. We deal a fair amount with back HOA […]