Helping HOAs & Condo Assocations File Tax Returns
Taxation of condo associations is an area with a lot of confusion. Many associations believe they are tax-exempt as “non-profits” and are not required to file a condo association tax return. As a …
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Florida is home to thousands of HOA and condo associations. But filing a Florida HOA tax return is not as easy as you may think. Let's take a closer look. Table of Contents Filing Requirements …
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With the increase in commercial condominium projects in recent years, certain tax questions arise. The commercial condo association tax return can be challenging without proper tax planning. These …
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Many HOAs and condo associations believe that they are getting an annual “audit” report from a CPA. The reality is often that they are getting what is called an HOA compilation report. …
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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 …
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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, …
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