03/03/2025

Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens And Domestic Reporting Companies

Well, finally some good news about the dreaded Corporate Transparency Act (the “CTA”). The US Treasury Department announced yesterday that the Department won’t be enforcing the CTA against US citizens or domestic companies. That means HOAs and Condo Associations. The Treasury Department intends to revise its rule to limit the CTA to foreign reporting companies. Like everything, this isn’t certain yet, but I think all HOAs and Condo Associations can put this long national CTA nightmare behind them.

Also, you should join my Facebook Group. And you should tell all of your Association clients to take a look at it and hopefully join. There’s a lot of very helpful information there about many topics of great interest to all HOAs and Condo Associations. This site gives you access to all of these Associations. My Facebook Group is called:
OMAHA HOA AND CONDO ASSOCIATION