do Home Owners Associations pay state and federal taxes on the ...

Question by merc : do homeowners associations pay state and federal taxes on the income they get from member dues ?
I?m guessing ?non-profit HOA? means they do not pay federal (IRS) taxes ? is that right? what about state (Calif.) tax? Best answer:
Answer by

americanfreeman they pay no taxes
. They make no money. Any monetary collected is used for the benefit homeowners.

What do you think? Answer below! Tags: associations, dues, federal, from, home, Income, Member, owners, state, Taxes, they

Source: http://www.lovefinanceinfo.com/2012/02/do-home-owners-associations-pay-state-and-federal-taxes-on-the-income-they-get-from-member-dues/?utm_source=rss&utm_medium=rss&utm_campaign=do-home-owners-associations-pay-state-and-federal-taxes-on-the-income-they-get-from-member-dues

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