On March 2, 2025, the Treasury Department announced the suspension of the enforcement of the Corporate Transparency Act (CTA) against U.S. citizens and domestic reporting companies. The Treasury Department will be issuing proposed rules that will narrow the scope of the CTA to foreign reporting companies only.

As a result, community associations are no longer required to file BOI reports. This is a huge win for condominium and homeowners’ associations, reducing unnecessary compliance burdens.

If you have questions about how this impacts your community association, feel free to reach out to one of Tressler’s HOA law attorneys.

For more information about this article, contact Katerina Tsoukalas-Heitkemper at kheitkemper@tresslerllp.com.