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#1942353 - 07/17/14 05:18 PM CTR question
LisaL Offline
Junior Member
Joined: Oct 2008
Posts: 35
We have a customer who deposited $9000.00 cash into his business account and also same day paid $5000.00 cash on his personal loan account....anyone have any advice on reporting requirements?
TIA

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#1942361 - 07/17/14 05:20 PM Re: CTR question LisaL
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
As both transactions were carried out by the same person, on the same day, and the bank knows about them, they are subject to aggregation and reporting. You would need to supply some more information about the business and the loan if you're wanting someone to tell you how to complete the CTR.
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#1942371 - 07/17/14 05:27 PM Re: CTR question Elwood P. Dowd
LisaL Offline
Junior Member
Joined: Oct 2008
Posts: 35
Thank You that's what we thought also, business has an TIN and loan is personal under cust. social security #.

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#1942993 - 07/18/14 05:37 PM Re: CTR question LisaL
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,792
Cape Cod
And that doesn't complete the picture. The business has its own TIN, as you have said, but is the business a sole proprietorship (which may have a TIN that is an EIN if it has employees), an LLC, a corporation, a tin flute?

Last edited by John Burnett; 07/18/14 06:38 PM.
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