You are here:

Tax Law (Questions About Taxes)/New HOA: Applying for EIN

Advertisement


Question
My community just reached the occupancy level to take over the HOA from the developer.  We checked and the developer never obtained an EIN for the community, but did file the necessary paperwork to incorporate the community HOA as a not profit corporation.  I have reviewed the IRS online form to obtain an EIN and have 2 questions:
1. If I list myself as the Responsible Party (as a trustee and officer), will we need to update anything in two years when my position is taken over by a different homeowner?
2. What address and phone # would we list for the HOA on the EIN request?  We have a PO box, but the instructions say not to use PO boxes.  We do not have any HOA specific phone numbers.

Thanks in advance for any assistance.

Answer
Jeremy:

A corporation must have a physical address and it must have a telephone number of a person that IRS can contact who has legal authority to make decisions for the corporation.  That is a decision that the corporation should make when it has a meeting to elect officers.  I can not answer that question for you.  

I do know that a corporation has members (shareholders) who elect officers to conduct business in the name of the corporation.

John

Tax Law (Questions About Taxes)

All Answers


Answers by Expert:


Ask Experts

Volunteer


John L. Tidwell

Expertise

Unemployment tax law both state and federal; determination of employer employee relationship; the usual 20 commonlaw factors for making that determination; and what makes me a liable employer.

Experience

Over 20 years of field audit experience with a state agency

Organizations
none

Publications
none

Education/Credentials
Degree in Accounting from Falls Business College

©2016 About.com. All rights reserved.