Serving HOAs Across Washington DC
From historic Georgetown to emerging Navy Yard, we help CPA firms manage audits for associations throughout the District.
Georgetown HOAs
45+ associations
- Historic property compliance
- High-value property audits
Capitol Hill Condominiums
60+ buildings
- Mixed-use property audits
- Rental income tracking
Dupont Circle Co-ops
30+ cooperatives
- Cooperative audit requirements
- Share loan tracking
Navy Yard Associations
25+ new developments
- Developer transition audits
- Warranty tracking
Complete DC Regulatory Compliance
Built specifically for Washington DC's unique HOA audit and tax requirements
DC Condominium Act Compliance
Navigate Title 42, Chapter 19 requirements with confidence
- Annual financial statement requirements
- Reserve study compliance tracking
- Board meeting documentation
- Assessment collection procedures
DC Business Tax Requirements
Stay compliant with District tax obligations
- DC Form D-20 preparation and filing
- Franchise tax calculations
- Unincorporated business tax guidance
- Sales and use tax compliance
Federal Tax Compliance
Manage IRS requirements efficiently
- Form 1120-H elections and filing
- Form 1120 alternative filing
- Excess income planning
- Form 1099 contractor reporting
Why DC CPA Firms Choose SyncAudit
Purpose-built for the unique needs of Washington DC HOA audits
DC Condominium Act Compliant
Automated compliance with Title 42, Chapter 19 requirements including financial statement formats, reserve studies, and board documentation.
DC Tax Form Integration
Seamlessly prepare DC Form D-20, handle franchise tax calculations, and manage both federal Form 1120-H and DC-specific requirements.
Multi-Property Management
Handle large DC management companies like Bozzuto, FirstService, and LCOR with bulk operations and consolidated reporting.
Common Questions from DC CPA Firms
What are the HOA audit requirements in Washington DC?
Washington DC condominium associations must conduct annual audits if they have 50 or more units or annual assessments exceeding $250,000. The DC Condominium Act (Title 42, Chapter 19) requires financial statements be prepared according to GAAP and reviewed by a CPA. Smaller associations may opt for reviews or compilations depending on their bylaws.
How often should DC HOAs file tax returns?
DC HOAs must file Form 1120-H or Form 1120 annually with the IRS, typically by March 15th (with extensions available until September 15th). Additionally, they must file DC Form D-20 with the District of Columbia Office of Tax and Revenue. Quarterly estimated tax payments may be required for associations with significant non-exempt income.
What is the typical cost of HOA audits in Washington DC?
HOA audit costs in DC typically range from $3,000 to $15,000 depending on the association size, complexity, and type of engagement (compilation, review, or full audit). Georgetown and Dupont Circle associations with complex financials or mixed-use properties may see costs at the higher end. SyncAudit helps reduce these costs by streamlining the audit process.
Does SyncAudit handle DC-specific tax forms?
Yes, SyncAudit is configured to handle DC Form D-20 preparation, franchise tax calculations, and unincorporated business tax requirements specific to the District. Our platform integrates federal Form 1120-H elections with DC tax obligations, ensuring complete compliance with both federal and District requirements.