Member access to HOA tax returns

Started by BethK • 3 replies • 3262 views

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BethK (Illinois)
Posts: 3

Posted:

A new Illinois condo HOA! While it's clearly stated in both the Illinois Condo Act and in our own CCRs and Bylaws that we have access to 'financial and accounting records' it doesn't specifically include federal or state tax returns. Are they considered financial/accounting records?

What would it take for a member of the HOA to get a copy of them?

Thanks, Beth

LisaS (Illinois)
Posts: 341

Posted:

Yes you should have access to them. They are records of the Association and not 'private' member documents.

I wonder if your Association is a not for profit corporation if you could get a copy through the Freedom of Inormation Act or such (if your Board won't give them to you). Worth investigating.

JaimeW (North Carolina)
Posts: 24

Posted:

What you would need to do is request to see the tax returns in writing to the Board of Directors or Management Company if you have one.

OttoD (Utah)
Posts: 3

Posted:

I am having same problem getting financial records from the developer prior to turnover.I am in the process of sending registered letter to have a record of my request.It appears
the only way is to go to a lawyer and file suit.It appears
the lawyers always have to get involved and get their cut.The

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