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#2256559 - 07/12/21 04:14 PM CTR for Sole Prop with different EIN
unknown Offline
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Joined: Apr 2005
Posts: 136
How would I complete CTR for an individual doing business as where the business is not using the individual’s social security number?

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#2256562 - 07/12/21 04:39 PM Re: CTR for Sole Prop with different EIN unknown
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 78,649
Galveston, TX
They should not be. A sole proprietor's EIN is only used for IRS and payroll purposes and not banking.
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#2256563 - 07/12/21 04:44 PM Re: CTR for Sole Prop with different EIN unknown
unknown Offline
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Posts: 136
So file CTR with Part 1 listing the individual and dba’s name in item 8?

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#2256573 - 07/12/21 05:50 PM Re: CTR for Sole Prop with different EIN unknown
John Burnett Offline
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John Burnett
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Cape Cod
Yes. Use the SSN of the owner and include the DBA name of the business (if one is used) in item 8.
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#2256574 - 07/12/21 05:55 PM Re: CTR for Sole Prop with different EIN unknown
unknown Offline
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Joined: Apr 2005
Posts: 136
John Doe deposited $10k cash into John Doe DBA Flower Shop. John Doe also deposited $2000 into his personal checking.

Would this only require one Part 1 listing John Doe and $12,000 cash as conducting on own behalf?

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#2256575 - 07/12/21 06:01 PM Re: CTR for Sole Prop with different EIN unknown
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,557
Cape Cod
Yes, one part 1 listing (John and Flower Shop are one and the same "person"). Include the DBA name in item 8. Check item 2a and item 3. List both deposit accounts on part 1.
Last edited by John Burnett; 07/14/21 03:11 PM. Reason: clarification
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