Government Reporting
The various filings and reports that an association is required to submit to government agencies. These may include federal tax returns (Form 1120-H or 1120), state tax returns, corporate annual reports, statements of information, and compliance filings related to specific state HOA laws. Failure to file required reports can result in penalties, loss of corporate status, or other legal consequences.
Frequently Asked Questions
What government filings does an HOA need to make?
At minimum, most HOAs must file a federal tax return (Form 1120-H or 1120), a state tax return, and a periodic statement of information or corporate annual report with the Secretary of State. Depending on the state, additional filings related to HOA-specific regulations may be required. Failure to file can result in penalties and loss of corporate status.