Generally, yes, especially if the association is any kind of corporation.
Yes, they are required to file tax returns. Estates have assets and those assets may be earning income. That income is taxed.
If the condominium is an association -- a legal entity in your state -- then the association must file at least a federal tax return, regardless of income and expense levels. State and local tax returns may also be required.Interest earned on a business bank account, in the case of a condominium association, would be considered income.
The estate of the deceased has to file tax returns.
Intrest made on income is income, and as such, should be reported on your 1040.
If your assessments and dues were overdue when you paid them and if the homeowners association has the right to assess overdue fines then the answer is yes.
A homeowners' association would file a labor and materials lien entitled Assessment Lien. See the HOA covenants for more information on liens. I would recommend that the HOA retain a real estate attorney to prepare and file the liens.
Where to file federal tax returns: http://www.irs.gov/file/index.html Where to file state returns: http://www.taxadmin.org/fta/link/forms.html
Income tax returns are due by April 30th of each year.
Yes you can, but there would be no advantage to doing so. You would not be required to file income tax returns for any year in which you had no income.
It is not possible to get refund unless we file the income tax returns. When we file returns it will check with OLTAS and generate refund if paid excess
Not exactly....they have to file lots of forms with the IRS and Treasury, some may call tax forms, but they actually file proving their non-taxability...not their taxable income. (And many are exempt on only certain income, not on everything they do). These forms are very complex and perhaps harder than Income Tax returns.
No, South Dakota does not have a personal income tax.