Instructions For Form 1120-H - U.s. Income Tax Return For Homeowners Associations - 2011
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62011
Department of the Treasury
Internal Revenue Service
Instructions for
Form 1120-H
U.S. Income Tax Return for Homeowners Associations
number and address are listed in the
at
for $30 (no
Section references are to the Internal
Revenue Code unless otherwise noted.
local telephone directory and in Pub.
handling fee) or call 1-877-233-6767
1546, Taxpayer Advocate Service –
toll free to purchase the DVD for $30
Your Voice at the IRS.
(plus a $6 handling fee).
What’s New
•
File Form 911, Request for
By phone and in person. You can
Taxpayer Advocate Service
order forms and publications by
Future developments. The IRS has
Assistance (And Application for
calling 1-800-TAX-FORM
created a page on IRS.gov for
Taxpayer Assistance Order), or ask
(1-800-829-3676). You can also get
information about Form 1120-H and
an IRS employee to complete it on
most forms and publications at your
its instructions, at
the association’s behalf.
local IRS office.
Information
For more information, go to
about any future developments
General Instructions
affecting Form 1120-H (such as
legislation enacted after we release it)
How To Get Forms
Purpose of Form
will be posted on that page.
and Publications
A homeowners association files Form
Photographs of
Internet. You can access the IRS
1120-H as its income tax return to
Missing Children
website 24 hours a day, 7 days a
take advantage of certain tax
week, at
IRS.gov
to:
benefits. These benefits, in effect,
The Internal Revenue Service is a
•
Download forms, instructions, and
allow the association to exclude
proud partner with the National
publications;
exempt function income (defined
Center for Missing and Exploited
•
Order IRS products online;
later) from its gross income.
Children. Photographs of missing
•
Research your tax questions
children selected by the Center may
Electing To File Form
online;
appear in instructions on pages that
•
Search publications online by topic
1120-H
would otherwise be blank. You can
or keyword; and
help bring these children home by
•
A homeowners association elects to
Sign up to receive local and
looking at the photographs and
take advantage of the tax benefits
national tax news by email.
calling 1-800-THE-LOST
provided by section 528 by filing a
IRS Tax Products DVD. You can
(1-800-843-5678) if you recognize a
properly completed Form 1120-H.
order Pub. 1796, IRS Tax Products
child.
The election is made separately for
DVD, and obtain the following:
each tax year and generally must be
•
Current-year forms, instructions,
Unresolved Tax Issues
made by the due date, including
and publications.
extensions, of the income tax return.
The Taxpayer Advocate Service
•
Prior-year forms, instructions, and
(TAS) is an independent organization
This extension does not extend the
publications.
within the IRS whose employees
•
time to pay the tax.
Tax Map: an electronic research
assist taxpayers who are
tool and finding aid.
Once Form 1120-H is filed, the
experiencing economic harm, who
•
Tax Law frequently asked
association cannot revoke its election
are seeking help in resolving tax
questions.
for that year unless the IRS consents.
problems that have not been resolved
•
Tax Topics from the IRS telephone
The association may request IRS
through normal channels, or who
response system.
consent by filing a ruling request. A
believe that an IRS system or
•
Internal Revenue Code – Title 26
user fee must be paid with all ruling
procedure is not working as it should.
of the U.S.Code.
requests. For more information on
The service is free, confidential,
•
Fill-in, print, and save features for
ruling requests, see Rev. Proc.
tailored to meet your needs, and is
most tax forms.
2011-1, 2011-1 I.R.B. 1.
available for businesses, as well as
•
Internal Revenue Bulletins.
individuals.
•
If the association does not elect to
Toll-free and email technical
use Form 1120-H, it must file the
support.
The association can contact the
•
applicable income tax return, for
Two releases during the tax year.
TAS as follows.
example, Form 1120, U.S.
•
–The first release will ship in early
Call the TAS toll-free line at
Corporation Income Tax Return.
January.
1-877-777-4778 or TTY/TDD
–The final release will ship in early
1-800-829-4059 to see if the
A homeowners association should
March.
association is eligible for assistance.
compare its total tax computed on
•
Call or write the association’s local
Buy the DVD from National
Form 1120-H with its total tax
taxpayer advocate, whose phone
Technical Information Service (NTIS)
computed on Form 1120. The
Dec 29, 2011
Cat. No. 24935G
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