08/18/2026
FINALLY, GOOD NEWS ON THE CORPORATE TRANSPARENCY ACT
Good news from Washington rarely means the whole story is over, and this update is no exception. Ever since the Corporate Transparency Act (CTA) was enacted in 2021, community associations have had concerns regarding the CTA and its Beneficial Ownership Information (BOI) reporting requirements. After years of shifting deadlines, litigation, and compliance uncertainty for community associations, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a final rule permanently exempting U.S. companies and U.S. persons, including community association board members, from the CTA’s BOI reporting requirements. This is a significant and welcome development, but FinCEN’s rule is not the end of the story.
Continue to story:
https://bit.ly/4wwzOPL
Learn about the latest updates on the Good news CTA and its impact on community associations and compliance requirements.