Question:
What is the responsibility of an HOA as far as taxes – are there annual filing requirements? If an HOA is registered with Sect’y of State every year, what type of tax notification would they receive from that office or any other?
Thank you!
– Sandy
Answer:
Hi Sandy,
Homeowners associations are required to pay federal taxes and file federal tax returns. You either file Form 1120 or Form 1120-H. You can learn more information here: https://www.
In Georgia, homeowners associations should file Form 600. It’s best to consult a tax professional or accountant for assistance.
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