Community Associations Institute, the leading international authority on the community association housing model; including condominium associations, homeowners associations, and housing cooperatives, filed a lawsuit against the United States Department of the Treasury in the U.S. District Court for the Eastern District of Virginia challenging the federal Corporate Transparency Act. This lawsuit seeks to exempt community associations from burdensome reporting requirements that CAI argues are incompatible with nonprofit, volunteer-run organizations. Read the article…………………………….
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