Monday, September 22, 2008

Reminder from IRS for Casinos and Card Clubs

The Internal Revenue Service wants you to know that effective September 1, 2008, casinos and card clubs are required to file Currency Transaction Reports using a revised form. FinCEN announced in April that it was revisingFinCEN Form 103, the Currency Transaction Report for Casinos and Card Clubs (CTR-C). This revision incorporates regulatory changes and accommodates database-programming requirements.

Additionally, FinCEN has issued revised specifications for casinos and card clubs who wish to electronically file (E-File) the revised form.

Questions regarding the revised form may be directed to the FinCEN Regulatory Helpline at 1-800-949-2732. Casinos and card clubs with questions regarding E-Filing of the new form should call the Bank Secrecy Act (BSA) E-Filing Helpline at 1-888-827-2778.

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