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2017

Department of the Treasury

Internal Revenue Service

Instructions for

Form 1120-H

U.S. Income Tax Return for Homeowners Associations

dealings with the association. TAS

Otherwise, the association can go

Section references are to the Internal

Revenue Code unless otherwise noted.

can help the association if:

IRS.gov/OrderForms

to place an

A problem is causing financial

order and have forms mailed to it. The

Future Developments

difficulty for the business.

association should receive its order

For the latest information about

The association is facing immediate

within 10 business days.

developments related to Form

threat of adverse action.

General Instructions

1120-H and its separate instructions,

The association has tried

such as legislation enacted after they

repeatedly to contact the IRS but no

were published, go to

IRS.gov/

Purpose of Form

one has responded, or the IRS hasn’t

Form1120H.

responded by the date promised.

A homeowners association files Form

1120-H as its income tax return to

What’s New

The TAS tax toolkit at

take advantage of certain tax benefits.

can

Address change for filing returns.

These benefits, in effect, allow the

help the corporation understand these

The filing address for association's

association to exclude exempt

rights.

located in Georgia, Illinois, Kentucky,

function income (defined later) from

Michigan, and Wisconsin has

its gross income.

TAS has offices in every state, the

changed. See

Where To

File, later.

District of Columbia, and Puerto Rico.

Electing To File Form

Local advocates’ numbers are in their

Increase in penalty for failure to

1120-H

local directories and at

file. For returns required to be filed

. The

A homeowners association elects to

after December 31, 2016, the

corporation can also call TAS at

minimum penalty for failure to file a

take advantage of the tax benefits

1-877-777-4778.

provided by section 528 by filing a

return that is over 60 days late has

increased to the smaller of the tax due

properly completed Form 1120-H.

TAS also works to resolve

The election is made separately for

or $210. See

Late filing of

return, later.

large-scale or systemic problems that

each tax year and generally must be

affect many taxpayers. If the

Photographs of

made by the due date, including

association knows of one of these

Missing Children

extensions, of the income tax return.

broad issues, please report it to TAS

The Internal Revenue Service is a

This extension does not extend the

through the Systemic Advocacy

time to pay the tax.

proud partner with the

National Center

Management System at

for Missing & Exploited Children®

sams.

Once Form 1120-H is filed, the

(NCMEC). Photographs of missing

association cannot revoke its election

children selected by the Center may

For more information, go to

for that year unless the IRS consents.

appear in instructions on pages that

advocate.

The association may request IRS

would otherwise be blank. You can

consent by filing a ruling request. A

How To Get Forms

help bring these children home by

user fee must be paid with all ruling

and Publications

looking at the photographs and calling

requests. For more information on

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

ruling requests, see Rev. Proc.

Internet. You can access the IRS

you recognize a child.

2017-1, 2017-1 I.R.B. 1 (or any

website 24 hours a day, 7 days a

successor), available at

The Taxpayer Advocate

week, at

IRS.gov

to:

irb/2017-01_IRB/ar07.html.

Download forms, instructions, and

Service

publications;

If the association does not elect to

The Taxpayer Advocate Service

Order IRS products online;

use Form 1120-H, it must file the

(TAS) is an independent

Research your tax questions online;

applicable income tax return, for

organization within the IRS that helps

Search publications online by topic

example, Form 1120, U.S.

taxpayers and protects taxpayer

or keyword; and

Corporation Income Tax Return.

rights. TAS’s job is to ensure that

A homeowners association should

every taxpayer is treated fairly and

national tax news by email.

compare its total tax computed on

knows and understands their rights

Tax forms and publications. The

Form 1120-H with its total tax

under the

Taxpayer Bill of

Rights.

association can download or print all

computed on Form 1120. The

As a taxpayer, the association has

of the forms and publications it may

association may file the form that

rights that the IRS must abide by in its

need on IRS.gov/FormsPubs.

results in the lowest tax.

Dec 21, 2017

Cat. No. 24935G

Instructions For Form 1120-H - U.s. Income Tax Return For Homeowners Associations - 2017

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