Trying to get a consistent solution to this issue is quite complicated, but I thought I'd try one more time...
If a sole proprietor opens an account for his business using his SSN, and deposits made that day exceed the CTR threshold, how would you complete the benefactor's section of the CTR form?
1. I've been told by some that the primary benefactor is the individual with their personal information, and on the second page of the form you should list the individual's name, the DBA, and the business address.
2. Others have told me you should list the individual's name, the DBA, and individual's personal information in the primary benefactor's section with nothing on the second page.
3. Still others have said the business information should go on the first page, and the owner should be listed as the transactor - what if they didn't make the deposit?! AAAUUUGGHH!
If someone can shed some light, or preferably provide some document reference (other than the instructions on the form itself which do absolutely nothing at providing "the rule" to follow), I would be forever in your debt!!!
Anguished in Alabama