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#1896755 - 02/13/14 02:05 PM CTR transaction?
Banker57 Offline
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Joined: Jul 2010
Posts: 439
Minnesota
John Doe withdraws from his business account which Jane Doe is also a owner/signer. Jane Doe conducts another withdrawal transcation from her individual personal account. Do we file this as 2 conductors for the benefit of 2individuals or 1 entity and 1 individual?

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#1896765 - 02/13/14 02:27 PM Re: CTR transaction? Banker57
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
The "business," corporation, partnership, LLC ?
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#1896930 - 02/13/14 06:32 PM Re: CTR transaction? Banker57
Banker57 Offline
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Joined: Jul 2010
Posts: 439
Minnesota
Sole Proprietor w/own EIN #

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#1896959 - 02/13/14 06:57 PM Re: CTR transaction? Banker57
Banker57 Offline
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Joined: Jul 2010
Posts: 439
Minnesota
Thank you!

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#1896961 - 02/13/14 06:57 PM Re: CTR transaction? Banker57
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Both H & W are owners, but it's a "sole" proprietorship?
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In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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#1896962 - 02/13/14 07:01 PM Re: CTR transaction? Banker57
edAudit Offline
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edAudit
Joined: Jul 2008
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They can be classified as a Sole Prop. in California.

https://www.ftb.ca.gov/businesses/bus_structures/soleprop.shtml

As a person from NY I went out to audit a California branch and had to look it up (so I remembered it)
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#1896966 - 02/13/14 07:03 PM Re: CTR transaction? edAudit
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Oklahoma actually has a statute that says it's ok; I'm just asking if the statement is correct.
_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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#1896968 - 02/13/14 07:04 PM Re: CTR transaction? Elwood P. Dowd
edAudit Offline
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edAudit
Joined: Jul 2008
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You are here
Sorry
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Opinions can be considered as coming from anywhere but my employer.

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