How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 577
Experience:  10 years experience
16356563
Type Your Tax Question Here...
Wallstreet Esq. is online now
A new question is answered every 9 seconds

Hoa not filling taxes
, the assoication was started in

Customer Question

Customer: hoa not filling taxes
JA: Thanks. Can you give me any more details about your issue?
Customer: the assoication was started in 1979 and my father has lived here since then. he is now a 70 year old disabled vet i moved back in with him to help take care of things and learned that the hoa has not been active since 1999 when i learned this i dug deeper and found out the assoication owns the outlot and the yards not the home own and found the original deed and that in 1979 tax was paid on the outlot so started my search and since then have restablished the hoa board and where trying to get things figured out i called the irs to get the ein number and they said they did not have one since no taxes where ever filed so trying to figure out the tax situation and what needs to be done. i talked to the local county worker and we don't ow any taxes since its tax exempt from being a non profit
JA: OK got it. Last thing — Tax Professionals generally expect a deposit of about $32 to help with your type of question (you only pay if satisfied). Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.
Submitted: 10 months ago.
Category: Tax
Expert:  Lev replied 10 months ago.

If HOA was officially registered - and NO tax returns were filed - for all past years it is treated as a corporation and woudl be required to file corporate tax returns.

I have to mention - if you will start filing - there will be additional penalties for filing late, but consider your situation - I think it is possible to have penalties abated.

I would strongly suggest to retain a local CPA to work with the HOA and representing the HOA with the IRS.