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  • 1.  Homeowners Association tax filing

    Posted 05-09-2025 09:55 AM

    I recently became the treasurer of our HOA and found out that, since it was founded and incorporated in the 1980s, they have never filed a tax return. Is there a way for us to become compliant and file tax returns going forward without suffering penalties for not filing for previous tax years? I appreciate any advice you can offer!



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    Jamie Center CMA
    Other
    Hillsdale MI
    United States
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  • 2.  RE: Homeowners Association tax filing

    Posted 05-09-2025 12:47 PM

    Hi Jamie - I was in the same position three years ago and just started filing.  I have never received a letter from the IRS regarding the unfiled returns.  That could be that the HoA spends all of its funds for association matters.

    Good Luck!



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    Allan Lyons
    Director/Manager
    Squire Patton Boggs (US) LLP
    Stow OH
    United States
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  • 3.  RE: Homeowners Association tax filing

    Posted 05-09-2025 12:55 PM

    Thank you, Allan. That's encouraging. I will give it a shot and see what happens!



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    Jamie Center CMA
    Other
    Hillsdale MI
    United States
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    Original Message


  • 4.  RE: Homeowners Association tax filing

    Posted 05-10-2025 11:19 AM
    Edited by David Belnap 05-10-2025 11:19 AM

    When I was the secretary for my HOA, I filed returns as well despite none being filed for decades before. Your HOA should be filing a 990 return or an 1120-H, an informational return only.



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    David Belnap, CMA, CSCA, CPA
    David.Belnap@...
    Pembroke Pines, FL
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