D.J. from New Haven County, Connecticut writes: Dear Mister Condo, Does a fully owner occupied condo association with cert-103 pay sales tax on the materials to tear down/replace a roof? Mister Condo replies: D.J., when I get a tax question like yours, I go straight to my pal Sam Tomasetti, CPA of Tomasetti, Kulas &…
Tag: Taxes
Sales Tax on Common Fees?
J.H. from New Haven County, Connecticut writes: Dear Mister Condo, The Management Company is charging sales tax on the common fees of owner occupied condominiums. Is that right? Mister Condo replies: J.H., no, that is not right! Common fees, in and of themselves, are not subject to state sales tax here in CT or anywhere…
Taxation and the HOA
M.C. from Hartford County, Connecticut writes: Dear Mister Condo, I am one of the board members of a small PUD HOA, we usually file 1120-H for federal income tax return. Is the HOA exempt from paying state taxes or do we have to pay sales and use taxes on goods or services purchased? To my…
A Taxing Situation
J.R. from Hartford County, Connecticut writes: Dear Mister Condo, I serve as Treasurer at my condo and I have a tax question. Why do we, as a condo, have to file income tax returns if we are an exempt homeowner’s association? It seems like a lot of extra work for no good reason. Mister Condo…