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#1597562 - 08/29/11 02:15 PM To CTR or not to CTR, that is the question
AuditorK Offline
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Posts: 962
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Husband and wife come into the bank with $10,500 in cash and a check payable to the husband and drawn on another bank in the amount of $6,500.

They open two seperate irrevocable burial reserve accounts, one for the husband and one for the wife, each in the amount of $8,500.

No CTR?

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#1597565 - 08/29/11 02:19 PM Re: To CTR or not to CTR, that is the question AuditorK
CrashDavis Offline
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Joined: Jun 2005
Posts: 283
You do a ctr because they came to the bank with $10,500.00 in cash.

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#1597572 - 08/29/11 02:31 PM Re: To CTR or not to CTR, that is the question CrashDavis
AuditorK Offline
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Posts: 962
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So who gets listed in Section A and B...both husband and wife? Both brought in > $10K cash together, but each ended up with his/her own account with less than $10K in it.
Last edited by AuditorK; 08/29/11 02:32 PM.
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#1597591 - 08/29/11 02:55 PM Re: To CTR or not to CTR, that is the question AuditorK
cbinder63 Offline

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cbinder63
Joined: Dec 2001
Posts: 674
Colorado
Mark as "Multiple Person" and do a Section A for both. No Section B is needed.
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Opinions expressed are my own.

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#1597599 - 08/29/11 03:07 PM Re: To CTR or not to CTR, that is the question cbinder63
AuditorK Offline
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Joined: Feb 2003
Posts: 962
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This would be a no brainer if the husband alone brought in > $10K in cash and deposited to two accounts with different owners. In that case he would be listed in Section B with the two account owners listed in Section A.

I guess the fact that the couple brought in the cash and deposited to two accounts each owned by a different person has me questioning things.
Last edited by AuditorK; 08/29/11 05:50 PM.
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