Income Tax Preparation

Income Tax Preparation Services

Stress-Free Tax Filing with Expert Precision

Maximize deductions, minimize errors, and file with confidence—whether you’re an individual, family, or business.

At Royale Management, our Income Tax Preparation Services (powered by SMAART Company) are built around accuracy, compliance, and client empowerment. From straightforward 1040 filings to complex corporate returns, our licensed professionals guide you through the tax season with clarity and precision. We handle all the paperwork, identify every credit and deduction, and ensure you’re always aligned with the latest tax regulations.

- Income Tax Preparation -

Our Services

Individual Tax Preparation (1040s)

Whether you’re a W-2 employee, freelancer, or investor, we make filing easy and beneficial.

  • Federal and state tax return preparation
  • Income, deduction, and credit analysis
  • Child tax credits, education credits, and retirement optimization
  • E-filing and refund tracking
Reserve Fund Strategy & Tax Treatment

We ensure reserves are allocated and reported in a compliant and tax-efficient way.

  • Guidance on capital contributions vs. operating assessments
  • Tax implications of reserve interest income
  • Documentation for capital improvement funding
  • Multi-year reserve strategy consultation
Tax Planning & Year-Round Support

Tax season isn’t once a year—it’s a strategy. We help you plan smarter all year.

  • Tax-saving strategies tailored to income and goals
  • Retirement contribution planning and capital gains strategy
  • Withholding adjustments and paycheck reviews
Prior-Year Filings & Amendments

We help associations catch up on missed filings or correct past errors.

  • Filing of prior-year 1120-H or 1120 returns
  • Correction of misclassified income
  • Assistance in requesting penalty abatement
  • State-level amendments, if needed
Audit-Ready Documentation & Recordkeeping

We prepare returns and supporting documents to stand up to IRS or state audits.

  • General ledger reconciliation
  • Year-end financial statements and notes review
  • Expense categorization and justification support
  • Organized electronic files for board access
Board Education & Ongoing Support

We empower board members and property managers with clarity and confidence.

  • Tax law updates relevant to HOAs and COAs
  • Year-round consultation for compliance questions
  • Workshops or Q&A sessions for board understanding
  • Partnering with CPAs and CAMs to align reports and taxes
Active conversation. Group of business people that working on the project in the office

Why Choose Us?

Experts in HOA & COA Taxation

We understand the difference between nonprofit status and tax-exempt status—and how to file accordingly.

IRS Enrolled Agents on Staff

We’re authorized to represent your association before the IRS and resolve complex tax issues when they arise.

Seamless Coordination with Property Managers

We collaborate with property management companies to collect data, clarify transactions, and ensure smooth preparation.

Audit Protection & Risk Minimization

Our returns are prepared with full compliance in mind and backed with documentation that stands up to audit review.

Education-Focused Communication

We take time to explain tax obligations to boards, so volunteer members feel informed—not overwhelmed.

Tailored Solutions Based on Community Needs

Whether you manage a 20-unit townhome or a 400-unit high-rise, we customize our approach to match your complexity, scale, and financial structure.

Frequently Asked Questions

Does our HOA need to file a tax return if we’re a nonprofit?

Yes. Nonprofit under state law doesn’t mean tax-exempt under IRS rules. Most associations must file either Form 1120-H or 1120 annually.

What’s the difference between Form 1120-H and 1120?

1120-H is specific to qualifying HOAs and offers simplified filing with limited deductions. Form 1120 is more complex but can result in lower taxes in some cases. We help you choose the right one.

Can we use reserve funds without tax penalties?

Yes, if categorized and used correctly. We’ll guide your board on tax-smart reserve usage and documentation.

What documents do you need to prepare our return?

Year-end financial statements, general ledger, prior-year returns, reserve fund statements, and details of any non-dues income.

Can you help us fix previous mistakes?

Absolutely. We file amended returns, advise on past oversights, and work with you to clean up the financial record.

Do you offer training or board workshops?

Yes. We provide optional tax education for boards, property managers, and treasurers to ensure everyone understands the basics.