Instructions For Form 1120-H - 2008 printable pdf download

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Department of the Treasury

Internal Revenue Service

Instructions for

Form 1120-H

U.S. Income Tax Return for Homeowners Associations

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will work with the association to address

Current-year forms, instructions, and

Section references are to the Internal

its concerns. The association can expect

publications.

Revenue Code unless otherwise noted.

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the advocate to provide:

Prior-year forms, instructions, and

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An impartial and independent look at

publications.

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What’s New

your problem,

Tax Map: an electronic research tool

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and finding aid.

Timely acknowledgment,

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The filing address for certain

Tax Law frequently asked questions.

The name and phone number of the

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associations whose principal business

Tax Topics from the IRS telephone

individual assigned to its case,

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office or agency is located in Georgia and

response system.

Updates on progress,

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Tennessee has changed. See Where To

Internal Revenue Code – Title 26.

Time frames for action,

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File on page 3.

Fill-in, print, and save features for most

Speedy resolution, and

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A homeowners association can elect to

tax forms.

Courteous service.

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claim an additional research tax credit

Internal Revenue Bulletins.

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When contacting the Taxpayer

instead of claiming any additional

Toll-free and email technical support.

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Advocate, the association should be

first-year special depreciation allowance

Two releases during the year.

prepared to provide the following

of eligible qualified property. See the

– The first release will ship early January

information.

instructions for line 23g on page 5.

2009.

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The association’s name, address, and

For information on temporary tax relief

– The final release will ship early March

employer identification number.

for certain taxpayers in Kiowa County,

2009.

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The name and telephone number of an

Kansas, and surrounding areas, see Pub.

Purchase the DVD from National

authorized contact person and the hours

4492-A, Information for Taxpayers

Technical Information Service (NTIS) at

he or she can be reached.

Affected by the May 4, 2007, Kansas

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for $30 (no

The type of tax return and year(s)

Storms and Tornadoes.

handling fee) or call 1-877-233-6767 toll

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involved.

For information on tax relief granted to

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free to purchase the DVD for $30 (plus a

A detailed description of the problem.

certain taxpayers in the Midwestern

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$6 handling fee).

Previous attempts to solve the problem

disaster areas, see Pub. 4492-B,

and the office that was contacted.

By phone and in person. You can

Information for Affected Taxpayers in the

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A description of the hardship the

order forms and publications by calling

Midwestern Disaster Areas.

association is facing and supporting

1-800-TAX-FORM (1-800-829-3676). You

Photographs of

documentation (if applicable).

can also get most forms and publications

at your local IRS office.

Missing Children

The association can contact a

Taxpayer Advocate as follows.

General Instructions

The Internal Revenue Service is a proud

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Call the Taxpayer Advocate’s toll-free

partner with the National Center for

number: 1-877-777-4778.

Missing and Exploited Children.

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Purpose of Form

Call, write, or fax the Taxpayer

Photographs of missing children selected

Advocate office in its area (see Pub. 1546

by the Center may appear in instructions

A homeowners association files Form

for addresses and phone numbers).

on pages that would otherwise be blank.

1120-H as its income tax return to take

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TTY/TDD help is available by calling

You can help bring these children home

advantage of certain tax benefits. These

1-800-829-4059.

by looking at the photographs and calling

benefits, in effect, allow the association to

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Visit the website at

1-800-THE-LOST (1-800-843-5678) if you

exclude exempt function income (defined

recognize a child.

later) from its gross income.

Unresolved Tax Issues

How To Get Forms

Electing To File Form

If the association has attempted to deal

and Publications

1120-H

with an IRS problem unsuccessfully, it

A homeowners association elects to take

Internet. You can access the IRS

should contact the Taxpayer Advocate.

advantage of the tax benefits provided by

website 24 hours a day, 7 days a week, at

The Taxpayer Advocate independently

section 528 by filing a properly completed

to:

represents the association’s interests and

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Form 1120-H. The election is made

Download forms, instructions, and

concerns within the IRS by protecting its

separately for each tax year and generally

publications;

rights and resolving problems that have

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must be made by the due date, including

Order IRS products online;

not been fixed through normal channels.

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extensions, of the income tax return.

Research your tax questions online;

While Taxpayer Advocates cannot

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Search publications online by topic or

This extension does not extend the

change the tax law or make a technical

keyword; and

time to pay the tax.

tax decision, they can clear up problems

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that resulted from previous contacts and

Once Form 1120-H is filed, the

tax news by email.

ensure that the association’s case is

association cannot revoke its election for

given a complete and impartial review.

DVD for tax products. You can order

that year unless the IRS consents. The

The association’s assigned personal

Pub. 1796, IRS Tax Products DVD, and

association may request IRS consent by

advocate will listen to its point of view and

obtain:

filing a ruling request. A user fee must be

Cat. No. 24935G

Instructions For Form 1120-H - 2008

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