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#1236127 - 08/20/09 03:52 PM CTR question
markp Offline
Gold Star
Joined: Jan 2007
Posts: 382
New Jersey
I understand that we are not required to file a CTR on a business if their employees cash their payroll checks that total over 10,000.00 for multiple people; however is it best to exempt the business if they meet the exemption requirements? what is good practice on this issue?

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#1236145 - 08/20/09 04:02 PM Re: CTR question markp
Al Miller Offline
Diamond Poster
Al Miller
Joined: Oct 2000
Posts: 2,416
Pleasanton CA USA
Exemptions are based on business cash activity. Employees cashing their payroll checks is not a business activity.

Al
_________________________
Al Miller, CRCM
Opinions expressed are my own and not necessarily shared by my employer.

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#1236250 - 08/20/09 05:10 PM Re: CTR question Al Miller
markp Offline
Gold Star
Joined: Jan 2007
Posts: 382
New Jersey
Al,
that was my thinking on this matter however I need some verbage to back up this, you know were I can get it because it not an any regulation that I can find.
Last edited by markp; 08/20/09 05:11 PM.
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#1236283 - 08/20/09 05:51 PM Re: CTR question markp
Al Miller Offline
Diamond Poster
Al Miller
Joined: Oct 2000
Posts: 2,416
Pleasanton CA USA
_________________________
Al Miller, CRCM
Opinions expressed are my own and not necessarily shared by my employer.

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