CTR ??

Posted By: markp

CTR ?? - 05/11/10 05:42 PM

Say someone comes in and makes a deposit to two different business accounts with different Tax ID #'s 1 acct gets 7000.00 and the other one gets 4600.00 for a total of 11,600.00. These deposits were conducted by the same person on the same day, does this req a CTR to be filed on the person conducting the transactions? the person making the deposits also owns the 2 businesses
Posted By: nemsi

Re: CTR ?? - 05/11/10 05:48 PM

Yes, you would file a CTR. A separate section A should be completed for each entity. Complete section B for the person conducting the transaction and list all accounts receiving a deposit. It doesn't matter if the individual owns the businesses or is an employee.
Posted By: markp

Re: CTR ?? - 05/11/10 06:26 PM

That is what i thought. thanks.