COA Taxes
Many condo associations find taxes hard to calculate and understand. Let Clark Simson Miller step in to help your condo association prepare tax returns.
865.315.7505
help@csmhoa.com
Many condo associations find taxes hard to calculate and understand. Let Clark Simson Miller step in to help your condo association prepare tax returns.
Much like homeowners associations, condo associations are typically set up as nonprofit corporations. But, this nonprofit status doesn’t automatically equate to tax-exempt status. In the eyes of the Internal Revenue Service, COAs are corporations that must file tax returns, even if no tax is necessarily owed.
Condo associations can file one of two possible federal tax forms:
As for state tax returns, the requirements and forms can change depending on the state. Furthermore, a select few don’t collect income taxes from corporations at all.
Tax time is always a source of stress for condo associations, but it doesn’t have to be that way. With the help of tax professionals like Clark Simson Miller, your COA board can focus on other aspects of your community with assurance that your tax needs are met.
With Clark Simson Miller, your COA can look forward to the following benefits:
Clark Simson Miller has years of experience providing COA tax preparation assistance. Our tax professionals are fully trained and qualified to prepare your federal and state returns with accuracy and efficiency. Entrust your COA’s tax needs to an established and reliable partner like us.
Call Clark Simson Miller today at 865.315.7505 to learn more or contact us online to request a proposal for help with COA taxes.