The PMA may be an Ohio non-profit corporation, but to the Feds we are an HOA (Homeowners Association) and our tax rate is 32% on any incidental income, such as dividends from our investments. We typically file an IRS form 1120-H, which is prepared by our accountants, now Village Accounting and Tax LLC (Matt Cole). Below are the returns for the last6 years in reverse chronological order.