Unincorporated business makes cash deposit of approximately $3,400 into two business checking accounts. Husband (business owner) and wife deposit $5,000 cash into joint savings account. Adult son, who works at business, deposits almost $4,000 cash into his individual checking account. Do I need to aggregate all the transactions and file a CTR?
We file CTRs on the business accounts for cash deposits about 6 to 10 times a year. Normal daily cash deposits for the business, a gas station, are between $3 - 4,000.