What are the filing requirements for a Wisconsin Homeowners Association?
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. Should there be a filing requirement, Wisconsin does not recognize the special status afforded to a homeowners association under sec. 528 of the federal Internal Revenue Code. Section 71.26(3)(p), Wis. Stats., excludes sec. 528, IRC, and provides that for Wisconsin purposes, a homeowners association is either exempt under 71.26(1)(a) or treated as a regular corporation.
