NEW LAWS FOR RESIDENTIAL ASSOCIATIONS
NEW LAWS FOR RESIDENTIAL ASSOCIATIONS December 31, 2024 31 USC 5336 – Corporate Transparency Act Registration is NOW OPTIONAL? The Corporate Transparency Act (“CTA”) was enacted in 2021 to combat tax fraud, money laundering and terrorism financing. Under the CTA, each community association must file a Beneficial Ownership Information Report (“BOIR”) with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) providing... Read More