Tax form question
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Tax form question Is it possible to generate a set of forms without the SSN that I can email to the individual members and later generate the same set to mail to the IRS and CA FTB? Your club members don't need a copy of the full return. They only need their individual K-1s and withdrawal reports. The only two ways to generate a set of forms without the SSNs is to (1) delete the SSNs before generating the return or (2) redact the SSNs using a good pdf editing program. Ira Smilovitz On Mon, Feb 22, 2016 at 3:01 PM, Gee, Norman <Norman.Gee@lc.ca.gov> wrote:
I'm our club's longtime treasurer. I do not and have never stored anybody's SS# in bivio or anywhere else online. Maybe I'm paranoid, but I figure if the SS#'s aren't there, it's harder (maybe almost impossible) for thieves to steal them. If you have a good PDF program that will redact (or erase) the SS#s (and you're not paranoid like me!), follow Ira's suggestions. Otherwise, here's what I do... When we're ready to prepare the club's federal and state tax returns, since I don't store SS#'s online, I manually enter the members' SS#'s, run the bivio program, and print the returns I'm going to submit. I then manually delete all the members' SS# from bivio. After that, I save an electronic copy of the federal return (which now has no SS#'s). From this "clean" file, I extract the individual K-1's and email them to the club partners. I admit that this is more work than just storing the SS#'s online--you have to be especially careful to enter the SS#'s correctly--and I'm probably giving you far more information than you care to have. From: "Gee, Norman" <Norman.Gee@LC.CA.GOV> To: "club_cafe@bivio.com" <club_cafe@bivio.com> Sent: Monday, February 22, 2016 1:01 PM Subject: [club_cafe] Tax form question Is it possible to generate a set of forms without the SSN that I can email to the individual members and later generate the same set to mail to the IRS and CA FTB?
I have been following this discussion and must address the paranoia. If you are leaving off partners' social security numbers for fear that 'someone' might access them, then perhaps you need to blur identities further by using aliases on Bivio as well and then handwriting real names and numbers on the forms before filing them with the IRS. OR You can treat your financial records as accurate representations of your club's/partnership's actions and trust that Bivio will control access to them. I have worked in data processing for 40 years and choose to trust Bivio. Nefarious creeps buy social security numbers in bulk and digging out a few hundred by finding a way to hack Bivio is not really cost effective for them. Mike Jones Wall$treet Wannabees Bloomington, MN From: A Hinds via bivio.com <user*28730700001@bivio.com> To: "club_cafe@bivio.com" <club_cafe@bivio.com> Sent: Monday, February 22, 2016 5:07 PM Subject: Re: [club_cafe] Tax form question I'm our club's longtime treasurer. I do not and have never stored anybody's SS# in bivio or anywhere else online. Maybe I'm paranoid, but I figure if the SS#'s aren't there, it's harder (maybe almost impossible) for thieves to steal them. If you have a good PDF program that will redact (or erase) the SS#s (and you're not paranoid like me!), follow Ira's suggestions. Otherwise, here's what I do... When we're ready to prepare the club's federal and state tax returns, since I don't store SS#'s online, I manually enter the members' SS#'s, run the bivio program, and print the returns I'm going to submit. I then manually delete all the members' SS# from bivio. After that, I save an electronic copy of the federal return (which now has no SS#'s). From this "clean" file, I extract the individual K-1's and email them to the club partners. I admit that this is more work than just storing the SS#'s online--you have to be especially careful to enter the SS#'s correctly--and I'm probably giving you far more information than you care to have. From: "Gee, Norman" <Norman.Gee@LC.CA.GOV> To: "club_cafe@bivio.com" <club_cafe@bivio.com> Sent: Monday, February 22, 2016 1:01 PM Subject: [club_cafe] Tax form question Is it possible to generate a set of forms without the SSN that I can email to the individual members and later generate the same set to mail to the IRS and CA FTB?
Thanks Sent from Verna's iPhone
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