Posted by: phillipsre | February 12, 2014

Tax Season is Approaching – Is Your Association Ready?

tax_timeApril 15th is Tax Day, and for most people that means it’s time to file taxes. Whether you are an individual, a family, small business or a Homeowners Association, the tax task is in front of us all. For a lot of Homeowners Associations, specifically the treasurer of the HOA, the question comes up “Should the Association be filing Form 1120 or Form 1120-H?” – this article from HOA Pulse addresses this question, because there is not a simple yes or no answer, most CPAs will likely tell you that it depends.  Read more to determine what path your Association to take, the article also includes a helpful checklist to identify all the issues and requirements needed when filing Form 1120.

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  1. […] with longer days and warmer weather, spring time also means tax season. This is something we have mentioned before for Homeowners Associations, and how to prepare as an organization or group. If you are a landlord or rental property owner […]


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