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#2245127 - 11/04/20 08:18 PM CTR Exemptions-50% of gross revenue
MakingWaves Offline
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Joined: Apr 2019
Posts: 1
In need of some guidance on procedures used to determine if not more than 50% of gross revenue from ineligible business activities for CTR exemptions. What documentation is use to support the designation?

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#2245204 - 11/05/20 11:35 PM Re: CTR Exemptions-50% of gross revenue MakingWaves
Patriot Offline
Junior Member
Joined: Apr 2016
Posts: 26
We send out a questionnaire and have signed by customer. We review annual activity also. It helps that one customer also has loans, so we have their tax returns and financial statements.

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#2245328 - 11/09/20 09:50 PM Re: CTR Exemptions-50% of gross revenue Patriot
Lele Offline
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Lele
Joined: Feb 2007
Posts: 825
In the Sun
Would you mind sharing your questionnaire, please?
_________________________
Faith is seeing light with your heart when all your eyes see is darkness...

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#2245334 - 11/10/20 12:24 AM Re: CTR Exemptions-50% of gross revenue Lele
Patriot Offline
Junior Member
Joined: Apr 2016
Posts: 26
I will send when I get back in the office.

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#2245472 - 11/12/20 10:10 PM Re: CTR Exemptions-50% of gross revenue Lele
Patriot Offline
Junior Member
Joined: Apr 2016
Posts: 26
Sent you a PM.

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#2245473 - 11/12/20 10:11 PM Re: CTR Exemptions-50% of gross revenue MakingWaves
Lele Offline
Platinum Poster
Lele
Joined: Feb 2007
Posts: 825
In the Sun
Thank you so much!
_________________________
Faith is seeing light with your heart when all your eyes see is darkness...

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