CTR question

Posted By: KTW327

CTR question - 07/14/11 04:02 PM

I have not completed a CTR for a business in quite some time and it shows!

I have a non-profit that deposited cash over the thresh hold and I have some questions:

Do I list a birthday? (maybe the organization start date?)
It is a non-profit, is that sufficient for occupation?
I believe that I don't need to list the account signers on the CTR as beneficiaries since only the non-profit is truly benefiting, is this correct?

Thanks for your help!
Posted By: nemsi

Re: CTR question - 07/14/11 04:54 PM

The legal entity (non profit)info goes in section A. The entity owns the funds. Do not report any of the signers in section A. No birth date, etc. I normally put the function of the non profit- religious organization, etc.
Report the individual conducting the transaction in Section B.