It comes as a surprise to some, but condominiums and other forms of community associations are entities that must file income tax returns. Even though community associations are “not-for-profit” corporations in Illinois, income tax filing is required. Here is a brief summary and explanation of the filing requirements relating to the taxation of community associations. When I use the term “community association,” it includes condominiums, townhouse, homeowners and master associations but does not include cooperative housing corporations. Read the article…………………………….