Posted By: IABANKER123
CTR Question - 03/07/12 11:08 PM
There are two businesses with seperate EIN numbers, Company A and Company B. These two businesses have two seperate conductors, John and Bill. John makes a cash deposit of $4,700.00 cash deposit into Company A and a $4,800.00 deposit into Company B. Bill makes a cash deposit of $5,400.00 into Company A and a $5,000.00 cash deposit into Company B. So the totals are:
Company A: 10,100.00
Company B: 9,800.00
John: 9,500.00
Bill: 10,400.00
How should I proceed with the CTR? Should I have one CTR with the combined deposit totals of both businesses and list both conductors?
Company A: 10,100.00
Company B: 9,800.00
John: 9,500.00
Bill: 10,400.00
How should I proceed with the CTR? Should I have one CTR with the combined deposit totals of both businesses and list both conductors?