HOA Taxes | What Tax Forms Are HOAs Required to File?

In the United States, there are more than 351,000 Homeowners Associations (HOAs). They represent about 40 million households, or 53% of the owner-occupied homes in the country. Said differently, if you own your own home, there’s a good chance that you’re part of an HOA. Given how widespread HOAs are, it’s surprising that most people know very little about how HOAs operate. For example, are HOAs corporations, are they required to file tax returns and, if so, what kind of tax form do they file?  Here are 5 of the more common questions and answers about HOA taxes reporting requirements:    Read the article……………

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