If you are a member or director of an HOA visiting this website you are probably hoping to answer the most common questions we receive from homeowner associations: “Does my HOA need to file a tax return?” The answer to this questions is: YES! All Homeowners Associations must file a tax return each and every year. Save your HOA hundreds of dollars per year. Learn to file form 1120-H!
The vast majority of HOAs can file Form 1120-H. Those who most easily qualify to use form 1120-H are HOA’s that function solely to collect member dues and assessments and use these dues and assessments to manage and maintain HOA property. Many of these HOAs will also earn some interest income each year on savings or certificates of deposits – funds set aside to repair and replace HOA property.
To Take the Course 1120-H Your HOA Must Meet the Following Criteria:
If this sounds like your HOA, preparing Form 1120-H is relatively simple. So simple, in fact, that we have developed this course to help HOAs like yours prepare your own Form 1120-H.
All courses and articles are for informational purposes only and do not constitute tax advice. Taxes are complicated - do not act on course information without consulting a professional. Always refer to treasury regulation before making any tax decision. Read the full disclaimer.
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!- Josh, Charles Town, WV, Real Estate Agent Tax-Cut Library, Agent Edition Course
I thought the course on 1120-h was excellent and have shared your website with other hoa board members. It was clear to me that Brett understood a volunteer HOA board that could not afford tax accountant guidance.- Terri S, Henrico, VA, 1120-H Basics Course
The 1120-H course is the second course that I’ve taken and both classes have been very informative and helpful. The courses have been easy to follow along with and if I have a question they are quick to get back to me and help me understand the issue. I would highly recommend OvernightAccountant classes.- George, York, PA, 1120-H Basics Course
Thanks for offering Overnight Accountant!- Josh, Charles Town, WV, 1099-MISC Basics Course
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