What are the filing requirements for a Wisconsin Homeowners Assocation??
Homeowners associations are either exempt or treated as a regular corporation for Wisconsin franchise/income tax purposes. Most homeowners associations in Wisconsin do not have a Wisconsin corporation franchise/income tax filing requirement. However, if a homeowners association has unrelated business income, then the association may have a filing requirement. If the association receives $1,000 or more of unrelated business income, then the association must file by the fifth month, fifteenth day of year-end. For example, if the end of year is December 31, then the return must be filed by May 15. Usually, the association would file the Wisconsin Form 4-T exempt organization tax return and include a copy of its federal Form 990-T tax return. In general, Wisconsin follows the federal determination for unrelated business income. This is income from an activity that is a trade or business. It is carried on for the production of income from selling goods or services. The activity is carried o
