Confused About HOA or Condo Association Taxes? We Can Help You Get on Track
Filing taxes for your HOA or condo association can be confusing. Are you tax-exempt? Which form should you file – 1120, 1120-H, or something else? What if your board has never submitted a tax return before? These are common questions for both new and long-established associations.
Community Financials helps boards understand their tax obligations and keep everything in good standing – without the stress. Whether you’re unsure what forms apply to your HOA, need help preparing for filing season, or simply want to avoid costly mistakes, we’re here to help guide your next steps.
From tax form selection to annual return support, we make sure you’re not overlooking anything that could trigger a penalty or raise red flags. Even if your HOA has never filed a return before, it’s not too late to catch up and get organized!
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Why Community Financials?
For the same cost as the new TOPS SaaS version, Community Financials offers you advanced HOA management software (maintenance work orders, task management, violations, & ARC) plus a suite of support services. We handle everything, so you don’t have to.
Our full range of financial management services includes:
- Budget preparation and management
- Collecting owner dues
- Paying association bills
- Financial reporting and reconciliation
- Reserve fund management
- Collections and delinquency tools
Our cutting-edge platform provides real-time access to financial data, communication tools, document management, and detailed reporting tools. Unlike TOPS, our system is designed for ease of use and new features homeowners and boards want.
Community Financials offers 5-star customer service from a team of experienced professionals. Your Board will work with a single point of contact with a Client Manager who is responsive and knowledgeable.
We ensure that your board and homeowners have clear, accessible financial information. Board members approve bills online prior to payment and homeowners may receive financial report excerpts to stay informed. Our transparent processes foster trust through open communication and detailed reporting.
With Community Financials, You Can Expect
- Guidance on HOA and condo association tax obligations
- Support understanding which tax forms apply to your community
- Clarification on tax-exempt status and filing requirements
- Help ensuring your financials are ready for tax season
- A partner who understands association finances
Avoid Tax Filing Stress – Stay Compliant with Confidence
Whether you’re catching up on missed filings, navigating a special assessment, or just making sure you’re filing the right form, we’re here to make tax season smoother and less stressful. Request a no-obligation quote today and learn how Community Financials can help your HOA or condo board manage tax responsibilities with clarity and ease.
