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Our HOA has not been filing taxes. Mixed use building where
Our HOA has not been filing taxes. Mixed use building where city owns first and second floors and does not pay taxes. HOA needs tax exempt status and file back taxes. How do we get Tax Exempt Status f… read more
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I am just trying to verify whether a nonprofit homeowners association (HOA) in the state of Ohio needs to file income tax forms each year with Ohio. The federal forms are completed and the organizatio… read more
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What is the tax treatment for th sale of development rights? … read more
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The condo Homeowners Association where I live has reserve funds. They are considering an investment into CDs in increase the interest return. Will this earned interest by subject to federal taxes? It … read more
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Do you have knowledge on tax laws regarding non profit donations and so forth? … read more
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I am a U.S citizen who is graduating in May 2017 from a
I am a U.S citizen who is graduating in May 2017 from a university in the U.S (Bachelor's Degree). I currently do not have any income. I wanted to check and see if it is allowable for my non-resident … read more
emc011075
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Does a non profit HOA (Condo) in Ga. have to file with the
does a non profit HOA (Condo) in Ga. have to file with the IRS or State … read more
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The form 1120H non-profit HOA refers to HOA's that are tax
The form 1120H for a non-profit HOA refers to HOA's that are tax exempt under Section 501a. What form should I use for this filing, a tax exempt HOA? Fred… read more
Mark D
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Hoa not filling taxes , the assoication was started in
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 … read more
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What is the best entity structure for a group of 8 people jointly
What is the best entity structure for a group of 8 people jointly owning a houseboat and how should annual dues be handled? Are homeowners groups like this typically for-profit or not-for-profit and w… read more
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If a home owners association fails to submit their annual tax
If a home owners association fails to submit their annual tax returns, or an 1120-H, what happens to the organization? Does it have the option to submit tax documents from previous years, or does the … read more
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Can a family owned property (a family-use recreational camp)
Can a family owned property (a family-use recreational camp) that is already incorporated as a C-corp, with stocks issued to shareholders, be restructured into a not-for-profit HOA?… read more
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We need to explain the K1 report to new shareholders (whom
We need to explain the K1 report to new shareholders (whom have not had this type of exposure before). The new shareholders are non-voting children of the long-time owner of the business. I find the K… read more
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Non Profit Homeowners Association Question in Illinois (not
Non Profit Homeowners Association Question in Illinois (not tax exempt) Our annual assessment income is less than $25,000. Our board wants to put @ $75% of the income into a reserve fund only maintain… read more
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I just took over as the management company for a homeowners
I just took over as the management company for a homeowners association that has not filed its federal tax returns for four years. Can the association file those past due tax returns under the long co… read more
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Im president of a homeowners association sharing expenses
I'm president of a homeowners association sharing expenses of a Planned Unit Development in central Illinois. Officers of the association serve without pay. There is no income other than dues and bank… read more
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We are a small specialty dog show, non profit with ...
We are a small specialty dog show, non profit with State of Florida, with less than $5,000 at any given time. Are we required to file an income tax return? Can we obtain a 501c status? Thank you [email protected]… read more
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What tax forms do I use for non-profit organization
I am president of a non-profit organization who is incorporated in California and the US. I need to file income taxes, but I do not know what forms to use. Help… read more
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