Our club is breaking up
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Our club is breaking up our club is breaking up. our Bivio subscription ends on Feb 15 2016. do you think it is necessary for us to pay another year subscription from 2016 to 2017 to accommodate the tax preparation for next year. We will be closing all our accounts and distributing the proceeds so if we need to pay for another year we will have to do so before this is done. Any thoughts our club is breaking up. our Bivio subscription ends on Feb 15 2016. do you think it is necessary for us to pay another year subscription from 2016 to 2017 to accommodate the tax preparation for next year. We will be closing all our accounts and distributing the proceeds so if we need to pay for another year we will have to do so before this is done. Any thoughts Joy: Whether you have to pay to use the software after the expiration of your subscription can only be answered by bivio. if you are asking whether you should pay to use the software after the expiration of your subscription, then in my humble opinion the answer is yes. Your subscription expired on Feb 15th, some two months ago. Yet, you will need to use bivio's services to account for the sale of securities between Feb 15 and the ending of the partnership, to perform the calculations for member withdrawals, and produce the final partnership tax returns. (By the way, you cannot wait until 2017 to file the final federal partnership return. It is due, I believe, 4 months from the date the partnership ends.) All of these accounting services is what a bivio subscription provides, plus lots of hand-holding if you need help, why would you not want to pay for the services rendered? If your question is whether you should perform all the accounting tasks associated with winding up a partnership manually, I would say try to do it only if you are glutten for punishment and place little value on your time. Jack Ranby
Thank you all for the valuable information provided. I sent a question to support @bivio.com but got no response so decided to ask club cafe. Our subscription will end feb 15 2017 so I believe if we file the final tax within 4 months then we will not have to renew next year thank you all very much. Our club decided to disband last year. We held the stocks until near the end of the year so we would be within the time limit for filing. Our subscription ended mid March so it worked quite well. My only caution is that the tax program is not released until February. Make sure you have enough time left on your subscription to get the taxes done. Contact bivio about extending the program for a month if that is necessary to make sure there are no loose ends. They were most helpful throughout the years we were a club. Marcia Meltzer, former treasurer On Wed, Apr 20, 2016 at 8:01 PM, Joy Russell <jmariap50@gmail.com> wrote: Thank you all for the valuable information provided. I sent a question to support @bivio.com but got no response so decided to ask club cafe. Our subscription will end feb 15 2017 so I believe if we file the final tax within 4 months then we will not have to renew next year thank you all very much. I agree with Marcia. Rarely is the tax program released in the first two weeks of February. Make sure that you talk to Bivio about it. John On Wednesday, April 20, 2016 6:23 PM, Marcia Meltzer <marciainmd@gmail.com> wrote: Our club decided to disband last year. We held the stocks until near the end of the year so we would be within the time limit for filing. Our subscription ended mid March so it worked quite well. My only caution is that the tax program is not released until February. Make sure you have enough time left on your subscription to get the taxes done. Contact bivio about extending the program for a month if that is necessary to make sure there are no loose ends. They were most helpful throughout the years we were a club. Marcia Meltzer, former treasurer On Wed, Apr 20, 2016 at 8:01 PM, Joy Russell <jmariap50@gmail.com> wrote: Thank you all for the valuable information provided. I sent a question to support @bivio.com but got no response so decided to ask club cafe. Our subscription will end feb 15 2017 so I believe if we file the final tax within 4 months then we will not have to renew next year thank you all very much.
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