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#1631091 - 11/21/11 09:11 PM CTR Question - Section B
Kelsey D Offline
Platinum Poster
Joined: Aug 2006
Posts: 516
Ohio
I'm not thinking clearly today and need some help. Bob cashes a check from his DBA account for the business. Then Sue cashes a check from Bob's DBA account for the business. Together, these transactions are reportable. Which way do I complete the CTR?

Section A - Bob DBA Business Name
Section B - check "Conducted on Own Behalf"
Section B (page 2) - Sue

or...

Section A - Bob DBA Business Name
Section B - check "Conducted on Own Behalf" AND enter Sue's info on page 1
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#1631119 - 11/21/11 09:40 PM Re: CTR Question - Section B Kelsey D
BC78a Offline
Gold Star
BC78a
Joined: May 2006
Posts: 311
New York
First, make sure that you need a CTR.

Who benefited from the check that Sue cashed. Sue or the Business? If Sue benefited there is no CTR, if the Business benefited file a CTR.

For eample if Sue was cashing an expense reimbursement check,payable to herself there would be no aggregation for CTR purposes.


If the bussiness benefited from both checks I would on:
Section A - Bob DBA Business Name
Section B - check "Conducted on Own Behalf" AND enter Sue's info on page 1
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#1631126 - 11/21/11 09:50 PM Re: CTR Question - Section B BC78a
Kelsey D Offline
Platinum Poster
Joined: Aug 2006
Posts: 516
Ohio
The business benefitted from the check that Sue cashed for Bob. Thanks!
_________________________
Don't make me say, "I told you so!" Sincerely, your friendly Compliance Officer.

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#1631230 - 11/22/11 02:03 PM Re: CTR Question - Section B Kelsey D
nemsi Offline
Gold Star
Joined: Nov 2005
Posts: 383
I would add Sue's info to the 2nd section B. Conducted on own behalf was checked in the first section B- that took care of Bob so you just need Sue's info. Others may disagree but that's the way i would complete the CTR.

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#1631296 - 11/22/11 03:15 PM Re: CTR Question - Section B nemsi
Kelsey D Offline
Platinum Poster
Joined: Aug 2006
Posts: 516
Ohio
Anyone willing to break the tie?
_________________________
Don't make me say, "I told you so!" Sincerely, your friendly Compliance Officer.

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#1631346 - 11/22/11 04:16 PM Re: CTR Question - Section B Kelsey D
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,327
Illinois
There is no need to leave Section B on page 1 blank. You are trying to be more descriptive than the form actually supports.
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