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#2284650 - 05/18/23 03:26 PM CTR question
unknown Offline
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Joined: Apr 2005
Posts: 162
Jane deposits $8,000 cash into ABC, Inc

Joe deposits $8,000 cash into ABC, Inc

Jane also deposits $500 into her personal account

We would only file for ABC, Inc totaling $16,000 and listing Jane and Joe as the conductors, correct? Jane's $500 deposit would not be included since Jane did not conduct over $10,000?

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#2284658 - 05/18/23 04:01 PM Re: CTR question unknown
Sunshine Lady Offline
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Sunshine Lady
Joined: Apr 2014
Posts: 706
Correct, Jane did not handle over 10k on her own, so I would on file for ABC for the 16k listing Jane and Joe as conductors.
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#2286092 - 06/28/23 08:53 PM Re: CTR question unknown
Susielou Offline
Gold Star
Joined: Aug 2005
Posts: 362
Midwest
Want to double check before sending CTR.

Jane Doe deposited cash totaling 10,900. Jane deposited $300 into a personal account with John Doe and $10,600 of multiple deposits into a City Recreation account for softball tournament concessions. Would this be correct:

Part 1 Jane 2.a – Person conducting transaction on own behalf and 3 – Multiple transactions $300.00
Part 1 Jane 2.b – Person conducting transaction for another and 3 – Multiple transactions $10,600
Part 1 City Recreation 2.c Person on whose behalf transaction was conducted and 3 – Multiple transactions $10,600
Part 1 John Doe 2.c – Person on whose behalf transaction was conducted $300

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#2286094 - 06/28/23 09:00 PM Re: CTR question unknown
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,978
Illinois
My only question is if the "City Recreation" happens to be a public park district with taxing authority that would qualify it as a Phase I exemption.
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#2286105 - 06/29/23 12:59 PM Re: CTR question BrianC
Susielou Offline
Gold Star
Joined: Aug 2005
Posts: 362
Midwest
They have their own EIN and do not receive any funds from the city.

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#2286108 - 06/29/23 01:23 PM Re: CTR question unknown
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,978
Illinois
Then I agree with how you have laid out completing Part I.
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