We want to inform you of a major change regarding the Corporate Transparency Act (CTA) and its reporting requirements.
What You Need to Know
March 2, 2025 – The U.S. Department of the Treasury announced:
– No penalties or fines for CTA BOI reporting under existing deadlines.
– U.S. citizens and domestic reporting companies will no longer be subject to CTA enforcement.
– Future rule changes will limit CTA reporting to foreign reporting companies only.
Next Steps
– Domestic reporting companies likely no longer need to track BOI filings.
– Foreign reporting companies should continue to monitor for further updates.
We will continue to keep you informed. For questions, about how this change impacts your community association, please feel free to reach out to us at company@ansbacher.net.
