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Income Tax 1120 H Form

Income Tax 1120 H Form

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Instructions and help about s tax 1120 h

well hello my name is Brett Hirsch I'm an instructor for overnight accountant comm and I like you're welcome to to another one of our two-minute tax takes now in this two-minute tax take we are going to be discussing a question or answering a question rather we received from many homeowners associations and that question is does my HOA need to file an income tax return so as if you're familiar with our 2-minute tax takes I need the time myself to see if I can do this in two minutes or less so we are going to start now the answer is yes all HOAs must file an income tax return can depend on the business structure the structure of your HOA for example if you are formally approved as a nonprofit organization formally approved by the Internal Revenue Service not that you think you're a non-profit not that you file with your state is a non-profit formally approved by the IRS you would file Form 990 if not you're really considered a corporation for tax

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