Each additional Part I section will include the location’s address along with all other location or entity data applicable to that location. ![]() When there are multiple DBA names involved in the transaction, Item 8 “Alternate name” should be left blank in the entity home office Part I section.Each additional Part I section should include the entity’s legal name in Item 4 and alternate name, if any, in Item 8.When multiple entity locations are involved a separate Part I section should be prepared for each location involved.When a CTR is prepared on a legal entity a Part I section should be prepared containing the home office/headquarters data (address, telephone number, identification number, etc.) of the entity.The amount and account number(s) entered in Item 21 (Cash In) or Item 22 (Cash Out) will be associated with the specific location corresponding to the reported transaction. ![]() If the individual owner operates under multiple DBAs, enter only one “Alternate name” in Item 8, then complete a separate Part I section should be completed for each different DBA involved in the transactions.If the individual owner is operating under a DBA name, then such name should appear in Item 8 “Alternate name,” and the rest of Part I (other than Items 4-6, 7, and 17 identifying the individual owner) be completed with reference to the DBA name.If the individual owner is doing business in his or her own name, then the rest of Part I should be completed reflecting the individual owner’s information.Complete a single Part I “Person Involved in Transaction” section with the individual owner’s name in Items 4 through 6, gender in Item 7, and date of birth in Item 17.This ruling replaces FIN-2006-R003 and FIN-2008-R001.įor sole proprietorships the ruling states: ![]() The changes will be effective April 6, 2020, September 1 for E-Filing batch filers. On February 10, 2020, the Financial Crimes Enforcement Network (FinCEN) issued ruling ( FIN-2020-R001) on currency transaction reporting (CTR) requirements, FinCEN Form 112, involving sole proprietorships and legal entities operating under Doing Business As (DBA) names.
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