Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Hoa not filling taxes
, the assoication was started in…

Customer Question
Hoa not filling taxes...

Hoa not filling taxes

Accountant's Assistant: Thanks. Can you give me any more details about your issue?

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

Submitted: 2 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 19 minutes by:
1/20/2016
Tax Professional: Lev, Tax Advisor replied 2 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,839
Experience: Taxes, Immigration, Labor Relations
Verified

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.

Ask Your Own Tax Question
Was this answer helpful?
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
586 Satisfied Customers
Experience: 10 years experience

Wallstreet Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,495 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,272 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
My name is **************. My Tax return was filed in very
My name is **************. My Tax return was filed in very Early March. I am expecting a Return of some $13,000. My Tax Guy says cheque was mailed on April 26th . Is that Correct ? I live in Collingwo… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,117 satisfied customers
IRS Refund - A 2017 tax return was filed and the refund was
IRS Refund -A 2017 tax return was filed and the refund was applied to 2018. Is there a way to request the refund to be returned instead of applied to next year?Thanks, JW… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,272 satisfied customers
My tax return was filed through Turbo Tax and was accepted
my tax return was filed through Turbo Tax and was accepted by IRS on 3/19/20018. I gave my debit account number and I understood the amount I owe was to be deducted and paid to Irs. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,117 satisfied customers
Filing Late Tax Return Single taxpayer needs to file 2016
Filing Late Tax Return Single taxpayer needs to file 2016 and 2017 individual tax return. 2016 has a refund on the federal tax return. Can I apply that overpayment to 2017 even though the 2016 tax ret… read more
abci168
abci168
Principal
27 satisfied customers
I filed last year for a tax exemption for art tax due to low
I filed last year for a tax exemption for art tax due to low income. I did not hear back but have not received a bill this year so don't really know if I qualified. can you help me? … read more
Bryan M.
Bryan M.
Owner
Masters of Accountancy
120 satisfied customers
I just filed a client's tax return for 2014. Tax return
I just filed a client's tax return for 2014. Tax return filing was due 4/15/2015...filed 4/17/2018. - just met the 3 year filing window. If I need to amend, is there a new window of time to do this?… read more
abci168
abci168
Principal
27 satisfied customers
What happens when you file your 1120-s corporate tax return
What happens when you file your 1120-s corporate tax return before depositing a 3% match contribution for a SIMPLE IRA? … read more
Lev
Lev
Tax Advisor
32,839 satisfied customers
How I can file for an extension to file the tax return for
How I can file for an extension to file the tax return for 2017. … read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
Finally filing 2016 income tax returns. Filing as "married
Finally filing 2016 income tax returns. Filing as "married filing separate return". Did not live with spouse at all in 2016. What is she on my return: an exemption? a dependent? an alimony expense onl… read more
abci168
abci168
Principal
27 satisfied customers
I filed my tax return electronically but inadvertently
I filed my tax return electronically but inadvertently omitted 3 pdf files that should have been attached to the return substantiating the figures I entered on schedule D and schedule A. The software … read more
Lev
Lev
Tax Advisor
32,839 satisfied customers
I need to find out if my corporate tax return for 2017 has
I need to find out if my corporate tax return for 2017 has been received, and how to get a copy of it. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,117 satisfied customers
Do I have to fiule a corporate tax return, even if we are a
Do I have to fiule a corporate tax return, even if we are a "loss" corporation? … read more
abci168
abci168
Principal
27 satisfied customers
Lev, I am preparing an S corporate tax return, and there is
Good morning Lev, I am preparing an S corporate tax return, and there is a 1099-K issued form American Express to the corporation that has backup tax withholding both from Federal and California. The … read more
Lev
Lev
Tax Advisor
32,839 satisfied customers
On corporate tax returns (1120), is it required that the DBA
On corporate tax returns (1120), is it required that the DBA be used entered in addition to the official corporate name?… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,026 satisfied customers
Executor signed multiple corporate tax returns as deceased.
executor signed multiple corporate tax returns as deceased. is this legal if he also has power of attorney? there is a will that hasn't been probated in almost 3 years. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,117 satisfied customers
Does the reduction in the Corporate tax return from 35% to
Does the reduction in the Corporate tax return from 35% to 21% apply to Professional Corporation's (i.e. - a dental practice)?… read more
Fred Rook
Fred Rook
Corporate Controller
BSBA
128 satisfied customers
Lev, I am doing a final corporate tax return for a C
Good evening Lev, I am doing a final corporate tax return for a C corporation and the business had a carryover NOL from prior years. This year was a final year and short year for the 100 percent share… read more
Lev
Lev
Tax Advisor
32,839 satisfied customers
I am preparing a corporate tax return. The company is a
I am preparing a corporate tax return. The company is a payroll company based in NJ but almost all of the clients are in NYC. Is the income generated from NY clients require a NY S corporate tax retur… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x