The questions surrounding the Corporate Transparency Act have made property owners associations (POAs) take a closer look at their tax status. POAs that are tax exempt usually maintain an exemption under Section 501(c)(4) of the Internal Revenue Code. Some non-profit corporations, including those that maintain a 501(c)(4) tax exemption, may be exempt from the filing requirement of the CTA, if the recent injunction is overturned, depending on their 501(c) tax status. Due to the CTA, POAs may be considering updating their tax status, but they should proceed with caution as securing a tax exemption can have far-reaching implications for the communities over which they have jurisdiction.    Read the article…………………………….