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Tax Services
Expert Support.
Clear Guidance.
Optimal Outcomes.

We believe tax services are more than just compliance. Our approach to tax preparation is deeply rooted in our specialization with community associations. This focus allows us to navigate the intricacies of association tax law with precision and insight and to tailor our process to the unique characteristics of your community.

The Result?

A tax experience that not only ensures compliance but is designed to maximize tax savings putting more dollars to the benefit of your community.

Our industry-focused approach ensures a seamless experience whether we are collaborating with your management company or working directly with your board.

1120 or 1120-H: How Can My Association Save Money?

Tax rules and regulations can often feel like a complex maze. Even more so when it comes to your community association. Associations have the discretion to choose what tax forms they wish to file, adding a layer of complexity that most taxpayers don’t face.

Unlike many other accounting firms, we go the extra mile by analyzing the tax impact of filing both the IRS Form 1120-H (U.S. Income Tax Return for Homeowners Associations) or the Form 1120 (U.S. Corporation Income Tax Return), at no additional cost.

We invest the time to understand your community’s specific structure and assess what income streams may or may not be taxable to the association. We recognize that factors such as reserve funding, member assessments, investment activities, and non-member income create distinct tax landscapes. We approach every engagement to ensure that we fully understand what makes your association unique and guide your association accordingly.

This crucial step enables us to advise your association on the filing option that yields the most favorable tax outcome, ensuring you do not pay more than necessary, and the best part, there’s no charge for this service!

For Boards: Ensuring Compliance, Minimizing Taxes

As a board member, you carry the crucial responsibility of safeguarding your community’s financial assets. Navigating tax obligations is a key aspect of this role. We view ourselves as your partners in this endeavor, providing not only tax preparation and compliance services but also clear explanations and proactive guidance. Our support includes:

  • Ensuring accurate and timely filing of all necessary tax forms.
  • Assessing and guiding your association to file the return that results in the lowest tax burden, not what is easiest or quickest for us to prepare.
  • Providing insights into relevant and ever-changing tax regulations and their implications for your association.

With Strauss & Associates, you gain confidence knowing that your association’s tax obligations are handled with expertise and a deep understanding of the community association landscape. Let us worry about keeping up with tax laws so you don’t have to.

For Management Companies: Working Hand in Hand, Streamlining the Process

We understand that our tax season also coincides with a busy time of year for the management companies we work with. Our goal is to alleviate this burden by providing a tax preparation process that is efficient, collaborative, and seamlessly integrated with your workflow.

Our team is responsive, organized, and well-versed in the specific tax requirements of community associations. We proactively work with you to:

  • Gather necessary information efficiently and with minimal disruption to your operations.
  • Maintain clear and consistent communication throughout the tax preparation process.
  • Provide timely updates and address any questions you have promptly.

At Strauss & Associates, we are committed to working collaboratively with the management companies that serve the associations we represent. We support you and your teams to ensure that our shared clients receive the highest levels of customer service and seamless experience.

Why
Choose Us?

We Have Decades of Experience Serving Community Associations

You’ll Work with a Team Dedicating to Servicing Your Industry

We Provide Big Firm Expertise While Delivering the Service of a Boutique Firm

Our Communication Will Always Be Clear, Consistent and Responsive

You’ll Work with a Firm Committed to Integrity That Maintains the Highest Levels of Ethical Standards

Testimonials

We sincerely value the services provided by Strauss & Associates for over 30 years. Their team has been exceptional, consistently offering accurate, helpful guidance and quick responses. Their client service is truly awesome, making collaboration smooth and enjoyable. It’s been a pleasure working with such a dedicated and professional team.

Gail W Senior Director of Operations
Owings Mills, MD

For over 25 years, Strauss & Associates has been a cornerstone of trust and excellence in financial auditing for our Community Associations. Their seasoned team brings insight and professionalism to every association. They deliver thorough, transparent audits that meet regulatory standards and provide strategic value. I wholeheartedly recommend this reliable and experienced partner.

Jodi C Executive Vice President
Towson, MD

As Treasurer at my association, I worked with Strauss & Associates for 6 years. Their services were an invaluable asset. They are incredibly knowledgeable, always responsive, and provided proactive advice on tax planning and financial strategy. This ensured we had accurate audits and tax returns. I highly recommend the Strauss team for expert, reliable financial support.

Jaci H Association Treasurer
Chester, MD

Our HOA has engaged Strauss & Associates since 2022 for our annual audited financials and tax returns. They demonstrated professionalism, making the transition remarkably smooth. Their work is consistently high-quality, delivered on time, and supported by clear communication. The Strauss team is responsive and easy to work with and a trusted partner for the accuracy of our financial reporting.

Conrad H Association Treasurer
Olney, MD

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