Corporate Transparency Act 2024 Hoa. Understanding and complying with the corporate transparency act is essential for board members. The corporate transparency act (“cta”) was originally enacted in 2021 for the purpose of preventing money laundering, tax fraud, and other similar activities, by requiring corporations in the united states to file reports with the.

An incorporated association that was in existence before january 1, 2024 must file an initial report not later than january 1, 2025. Learn how the corporate transparency act will affect homeowner associations in 2024.