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#1294467 - 11/27/09 03:54 PM CTR Question
chatty Offline
Junior Member
Joined: Feb 2006
Posts: 34
Here's the scenerio: Corporations Y and Z share employees A and B. Employee A comes in with $12,000 cash and deposits $6000 into each of the corp accounts. Later that day, Employee B comes in and deposits $2000 cash into the account of Corp Y. A CTR must be prepared showing Employee A as transactor and Corps A & B as beneficiaries. Is the $2000 deposited by Employee B added into the total with her shown as a transactor? I say yes and someone else is saying no, so now I'm questioning which is right. Help please.

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#1294487 - 11/27/09 04:08 PM Re: CTR Question chatty
chatty Offline
Junior Member
Joined: Feb 2006
Posts: 34
My post should be corrected to say Corps Y and Z are beneficiaries. Too much turkey and football yesterday!!

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#1294722 - 11/27/09 06:51 PM Re: CTR Question chatty
Flair Offline
Junior Member
Joined: Jun 2009
Posts: 44
Two section A's, Corporation Y and Z. One section B with employee A, as he is the only one handling cash over the CTR threshold. Unless, Corporations Y and Z share same EIN. Then aggregate and have two section A's, two section B's.

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