Webinar recording: HOA Taxes (1/28/2026)

ManageCasa, in partnership with the expert CPAs at Balance Asset Solutions (BAS), walks through the fundamentals of HOA taxation and how to stay compliant without scrambling at year-end.

In this educational session, CPA experts from Balance Asset Solutions explain how HOA taxes actually work, which tax forms apply, and how to properly classify income and expenses. The ManageCasa team also demonstrates how to use the platform’s accounting and reporting tools to support tax preparation and ongoing compliance.
 

This webinar is ideal for HOA board members, treasurers, and community managers who want a clearer understanding of HOA tax rules and better accounting discipline throughout the year.

Listen to the recording here!

What You’ll Learn

• Do HOAs pay taxes, and why compliance matters
• Form 1120 vs. 1120-H (and how to choose the right one)
• Member vs. non-member income and how it’s taxed
• Deductible vs. non-deductible expenses
• Key filing deadlines and common mistakes to avoid
• How ManageCasa supports year-round tax readiness
   

Chapters & Timestamps

• Introduction to HOA Taxes (0:00)
  Overview of the webinar, speakers, and agenda.
• Housekeeping Notes (2:10)
  How to participate, access the recording, and submit questions.
• HOA Tax Fundamentals (3:15)
  What HOAs are required to file and why taxes still apply—even for nonprofits.
• Do HOAs Pay Taxes? (6:05)
  Federal vs. state filing requirements and common misconceptions.
• Why Tax Compliance Matters (9:10)
  Avoiding penalties, supporting audits, and maintaining financial credibility.
• Key HOA Tax Forms: 1120 vs. 1120-H (12:40)
  How each form works and when each applies.
• Special Tax Treatment for HOAs (16:05)
  How the 1120-H election works and what income can be excluded.
• Eligibility for Form 1120-H (60/90 Rule) (19:30)
  Income and expense thresholds HOAs must meet.
• Year-End Tax Preparation Goals (23:15)
  Why monthly accounting discipline matters more than year-end cleanup.
• Member vs. Non-Member Income (26:10)
  What’s taxable, what’s not, and common classification mistakes.
• Live Demo: Chart of Accounts in ManageCasa (31:20)
  How to structure accounts for tax-ready reporting.
• Customizing Your Accounts (35:45)
  Parent/child accounts, account numbering, and customization tips.
• Using Custom Fields for Tax Tracking (39:30)
  Tracking additional data points not included in standard forms.
• Taxable vs. Non-Taxable Income Summary (43:10)
  How HOA taxes are calculated in practice.
• Deductible vs. Non-Deductible Expenses (47:05)
  What reduces taxable income—and what doesn’t.
• Understanding 1099 Requirements (52:20)
  Vendor reporting rules and common 1099 pitfalls.
• Essential Tax Reports (56:15)
  Income statement, balance sheet, general ledger, and trial balance.
• Supporting Tax Documentation (1:00:30)
  What your CPA will ask for and how to prepare it.
• ManageCasa Reporting Examples (1:05:10)
  Running trial balance and general ledger reports.
• Monthly Accounting & Filing Workflow (1:12:40)
  How monthly closes prevent tax-season chaos.
• Important Tax Deadlines (1:18:05)
  Federal, extension, and state filing timelines.
• Common HOA Tax Mistakes (1:21:30)
  Wrong forms, misclassified income, missed filings, and more.
• Q&A Session (1:27:10)
  Answers to real-world reporting and accounting questions.
• Conclusion & Additional Resources (1:34:00)
  Where to find more help, recordings, and articles in the Help Center.

About the Partner

Balance Asset Solutions (BAS) is a CPA and accounting firm focused on HOA and trust accounting. Their team works closely with community associations and is trained in the ManageCasa platform to support accurate financial reporting and tax compliance.