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#1974904 - 11/06/14 08:18 PM CTR Filing
CrashDavis Offline
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Joined: Jun 2005
Posts: 283
We have a customer that owns two businesses. They have different EIN Numbers. We saw on one day he deposited $3,000 cash in one account and $14,000 in cash in the other account. Do you file a CTR for $17,000 or only for $14,000.00.

Here is another situation that can happen even though it hasn't yet. Same customer and same two accounts, if he deposits $7,000 in cash in one account and $6,000 in cash in the other account do you file a CTR at all.

Thanks

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#1974961 - 11/06/14 10:12 PM Re: CTR Filing CrashDavis
devsfan Offline
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Joined: Jun 2004
Posts: 1,927
NYC
In the first example you aggregate since the same individual conducted the deposits and file for $17,000. In the second example your file a CTR for $13,000 because 1 person brought in more than $10,000.

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#1974979 - 11/06/14 10:52 PM Re: CTR Filing CrashDavis
CrashDavis Offline
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Joined: Jun 2005
Posts: 283
Thanks

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#1975104 - 11/07/14 03:57 PM Re: CTR Filing CrashDavis
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,796
Cape Cod
Devsfan's answer is absolutely correct, but it doesn't answer your unasked question: If the same deposits in your scenarios were not made by the same individual, what would you do?

If the two businesses are entities (not sole proprietorships owned by the same individual), and they are independently operated, you don't combine the deposits of entity one with the deposits of entity two, regardless of the fact that they have common ownership.
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