So is FinCEN already accepting the NEW CTR & SAR forms for e-file? I am sooo confused by this for some reason. It seems like it should be simple but yet so complicated.
Also, could anyone help me with item 21 on the NEW CTR form. It should be simple, I know, and maybe I'm over thinking this but just don't want to be wrong.
When an entity is entered in item 4 (Person on whose behalf transaction is conducted) and an individual is entered in a second item 4 (Person conducting transaction for another) do I repeat the same amount in item 21 (Cash in amount for individual or entity listed in item 4). I have entered the amount for the entity in the first item 21, do I really enter the same amount again for the second person?
Please help me unravel the mess in my brain
Thank you in advance for any help you may be able to provide.