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#1202966 - 06/17/09 08:23 PM ctr- conductor question
sb1 Offline
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Joined: Jan 2006
Posts: 135
we have a conductor who deposited funds to a business account to which she has no ownership. Do we leave blank in section B item "c" conducted on own behalf since she has no ownership of the account the money was deposited to? Also, we checked multiple transactions in section "a" do we leave this balnk in section B since we've already checked in section "a"? If she would have had ownership of the business account would we have than checked conducted on own behalf?

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#1202973 - 06/17/09 08:29 PM Re: ctr- conductor question sb1
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
What type of business account? Corporation?
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#1202989 - 06/17/09 08:35 PM Re: ctr- conductor question sb1
Kelsey D Offline
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Joined: Aug 2006
Posts: 516
Ohio
The person benefitting from the transaction(s), in this case the business, would be listed in section A. The person conducting the transaction(s), the woman, would be listed in section B. If there were multiple transactions, do check box C at the top. If you have all of the information for the woman conducting the transaction(s), you do not have to check the box in section B. You would only check a box in section B if that section was incomplete for a specific reason. "Conducted On Own Behalf" would be checked if the same person is both benefitting from the transaction and conducting the transaction. It allows you to not repeat yourself. It doesn't sound like that box is appropriate in your situation.
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#1203034 - 06/17/09 09:11 PM Re: ctr- conductor question Kelsey D
sb1 Offline
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Joined: Jan 2006
Posts: 135
yes

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#1203038 - 06/17/09 09:12 PM Re: ctr- conductor question sb1
sb1 Offline
100 Club
Joined: Jan 2006
Posts: 135
yes it is a corporation

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