HOA Articles

HOA Electing Section 528 Test, Does your HOA qualify for Form 1120-H? What is section 528 and how does it impact your HOAs ability to file Form 1120-H? Posted Feb 07, 2018
Does your HOA qualify for Form 1120-H?; HOA No Private Inurement Test Does your HOA pass the "no private inurement test"? What the heck is "private inurement"? Posted Jan 08, 2018
The HOA Exempt Function Test The Exempt-Function test is one of the tests that help determine whether a Homeowners Association qualifies to file Form 1120-H. We explain this test in detail. Posted Dec 18, 2017
Do HOAs Need to File a Tax Return? Yes! Here’s How. Do HOAs need to file a tax return? YES! In this article we'll clarify some of the confusion associated with HOA tax reporting. Posted Dec 09, 2017
Does My HOA Need to File Form 1099-NEC and 1099-MISC? We discuss the most common forms of payment HOAs make that require Form 1099-MISC; Rents and Nonemployee Compensation Posted Nov 06, 2017
How to Determine Your HOA’s 1120-H Exempt Function Expense Percentage In this article we will focus on test number three, Exempt Function Expense, to help determine whether an HOA can file Form 1120H. Posted Oct 03, 2017
What is HOA Exempt Function Income? This article will help your board members develop this understanding and correctly calculate your HOA’s exempt function income percentage. Posted Sep 20, 2017

Customers Say…

I just completed the 1099-NEC/MISC course - this was very helpful to me. It is greatly appreciated.
- Tammy L, Anchorage, AK, 1099-NEC & 1099-MISC Course (Training Edition) Course
This course package is thorough and will give you a solid handle on how to optimize your business expenses to minimize your taxes and keep appropriate records to handle any IRS challenges. Only want to dive into a particular topic? Jump to that video and scan forward to where your issue is addressed. Or watch the whole series to learn it all!
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Your course gave me the confidence to file taxes for the first time in the history of our homeowner association!
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The course was excruciatingly detailed, which I appreciate. I definitely recommend this course to anyone who even thinks they may need it.
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I haven’t practiced in the accounting field in quite some time and wanted a refresher. The Overnight Account course 1099-Misc Basics was very helpful! It was simple to follow along and understand each section. I would highly recommend this course! Staff were quick to answer my question as well. I love that I can review the modules again, if needed, at any time. I will definitely be using them again for more classes.
- Tammy, Anchorage, AK, 1099-MISC Basics Course