form 1120-h

What You Need to Know About Form 1120-h

The IRS treats homeowners associations (HOAs) and condominium associations (COAs) as corporations, regardless of whether they are residential or commercial. This means they are required to file a federal income tax return. In some states, these associations are also expected to submit a state tax return. Note that the requirement to file returns doesn’t necessarily…

condos

Legal Rights for Condo Owners

Legal Rights for Condo Owners HOAs have considerable control when it comes to the governance of the community. This control extends to things such as addition or maintenance projects, changes to the exteriors of properties, execution of property rules and regulations, and even parking of individual residents. There are, however, certain areas in which condo…