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INSTRUCTIONS: U.S. INCOME TAX RETURN FOR HOMEOWNERS ASSOCIATIONS (Form 1120-H)

Homeowners associations use a form 1120-H to file their federal income tax return. This document can be obtained from the website maintained by the Internal Revenue Service.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 1: Those not filing for the calendar year printed on the form should enter the beginning and ending date of their fiscal year at the top of the page.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 2: Enter your name and address in the box at the top left where indicated.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 3: Enter your employer identification number.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 4: Enter the date on which the association was formed.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 5: Check the boxes where indicated if filing a return documenting a change of address or name, or a final or amended return.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 6: Check the box next to your type of homeowners association on line A.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 7: Enter your total exempt function income on line B.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 8: Enter your total expenditures made for purposes described in the 90% expenditure test described in the separate instructional booklet on line C.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 9: Enter the association's total expenditure for the tax year on line D.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 10: Enter total tax-exempt interest received or accrued during the tax year on line E.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 11: Document and compute your gross income on lines 1 through 8 as directed.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 12: Document and compute your deductions on lines 9 through 18 as directed.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 13: Compute your tax owed on lines 19 through 26 as directed.

U.S. Income Tax Return For Homeowners Associations 1120-H Step 14: Sign and date the bottom of the page, as well as providing your title.