Taxes and Community Associations

Resource Topic: 
Liabilities
By: Loura K. Sanchez

As a non-profit corporation, your association is likely NOT immune from having to report and pay taxes.  If you are a board member for an association it is part of your fiduciary duty to make sure that your association files its federal tax return within 75 days of the end of its tax year, which for most associations was December 31.  Read our full blog post.