20 Jan / Form 1120H vs 1120 – Part Three
Form 1120H is the form of choice for 98% of our condominium association clients. Our firm prepares over 100 Form 1120H tax returns annually. We find that most HOA or condo associations do not fully comply with the requirement necessary in order to file Form 1120 instead. The following helps to better explain why.
Tax advice contained in this communication, including attachments and enclosures, is not intended or written to be used, and may not be used for the purpose of (i) avoiding tax related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein.