Question: Do Nebraska HOAs and COAs have to file tax returns? Answer: All Nebraska homeowners and condominium associations are classified under Common Interest Realty Associations and are required to file federal and state tax returns whether incorporated or not. Good news is that even though a tax return is a requirement, it does not mean […]
Alaska Condo Association & HOA Tax Return: What You Need to Know
Alaska has amazing homes grouped into Common Interest Communities (CIC). Owning a condo, townhome or a single family home within these CICs ensures that you are free from all responsibilities of home ownership, such as landscaping or snow removal. You enjoy your home knowing that you are free from untidy neighbors who find it hard […]
Vermont Condo Association & HOA: Tax Return Filing Options
Owning a home in the state of Vermont you may be part of an HOA (Homeowners Association). This organization is put in place to governed your shared spaces and maintain the community. Your HOA must comply with federal and state law in regards to taxes. HOAs must file Articles of Incorporation in with the Vermont […]
Maine Condo Association & HOA Tax Returns: A Few Easy Steps!
Being a resident in the state of Maine probably means that you are in living in a community with that has an organization that governs the shared facilities such as your neighborhood parks, the roadways, recreation centers, and even the water treatments facilities. Both you and your association may be puzzled when it comes to […]
Filing Iowa HOA & Condo Association Tax Returns: The Simple Truth
Many Iowa homeowner and condo associations do not know about the requirement to file tax on their association and therefore do not file. An estimated 35% of Iowa HOAs and condo associations don’t file, and if they file, they are using a wrong process. Most of these are the self-managed associations. This is what members […]