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Does MO HOA have to file a tax return?

We are a small villa community of seniors. Does our HOA have to file a tax return for just collecting dues and paying set expenses?


Association tax forms: H&R Block suggests Schedule C

I know I need Form 1120-H federal form but am not sure which form for state of Oregon? I was told by H & R Block I needed Schedule C but the President of the Association thinks that is wrong. 

Will our association owe federal taxes on administrative fees?

Our condo association generates income from a $250 fee to process paperwork for refinancing and sales. Will the association owe federal tax on these fees?  Ohio.

Unit owner would rather pay property taxes than HOA fees

We have two delinquent units in our association of 22 units. I contacted the municipality to find that the taxes have been paid by a "servicing company".  I contacted the company only to be told that they cannot provide/confirm/deny who is making the tax payments. The association is not receiving the HOA fees on these units.  How is it that whoever is paying the taxes does not have to pay the HOA fees, and can pretty much stay hidden from anyone inquiring about them? The board needs those fees even if the owner of record is not living there or renting it out.


Can owner show the HOA tax returns to his accountant?

I am a member of a Florida HOA.  The official HOA financial records include tax returns. I requested copies which were provided under a cover letter saying the returns are confidential and cannot be disclosed to a third party. I wish to obtain an opinion from my accountant. Can the disclosure be prohibited by the HOA?


Are Florida Condo Associations exempt from any taxes?

Where can I find out more about Florida Condo Associations and exemption from taxes? As well, how can I file for a refund for my condo association?


How does each state regulate property managers differently?

I'm interested in finding how each state regulates the HOA /condo association property managers?


Can I claim a condo association assessment for tax purposes?

I live in a 32 unit bldg; it is 30 years old. Due to termites, all the common area surfaces were replaced, including decks, railings, etc; the siding was replaced with Hardee board type material. After the work was finished, we were "special assessed" about $30K. I would like to know if I can claim it on my taxes - either state and/or federal. And if so, how do I do it? I live in California.


Personal tax benefits of renting your property

I would like to know something about tax benefits if I fix up at least one of my condos to rent out. I have two, and probably will keep one condo , but the other I'd like to sell or rent. So what are the rules regarding how or when I should fix up the place for maximum tax benefit? Thanks... I don't need a particularly detailed answer because I know it may be complicated, a brief outline will help. Or perhaps point me in the right direction on the web for details. Thanks again. Cindi


Do HOAs and Condo Associations Pay Taxes?

An important aspect of HOA finances is tax liability. Generally, HOAs are exempt from state and federal income taxes if:



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