How to file for state taxes?
| HelpRegister |
How to file for state taxes? Printed out the documents now what. This will be our first time filing.. help It depends on what state your club is in. In California we snail mail it into our tax authority. John On Wednesday, March 8, 2017 10:34 PM, Joseph and Larena Pruitt <larena42@gmail.com> wrote: Printed out the documents now what. This will be our first time filing.. help We are in Mo On Thu, Mar 9, 2017 at 12:43 AM <rice.j1969@att.net> wrote:
Page 4 of the Form 1065 instructions lists the different IRS addresses for filing Form 1065, K-1s, along with the various schedules and attachments, based on state. Make sure that you sign page 1 of the Form 1065. The Form 1065 instructions can be found on the bivio taxes page. From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of rice.j1969@att.net It depends on what state your club is in. In California we snail mail it into our tax authority. John On Wednesday, March 8, 2017 10:34 PM, Joseph and Larena Pruitt <larena42@gmail.com> wrote: Printed out the documents now what. This will be our first time filing.. help You will probably need to file in the state where your club is located. You may also have to file in other states where your members reside. You can see the state filing requirements here: https://www.bivio.com/site-help/bp/State_Tax_Requirements_Help. If you still have questions, send a message to support@bivio.com. Ira Smilovitz On Thu, Mar 9, 2017 at 1:34 AM, Joseph and Larena Pruitt <larena42@gmail.com> wrote: Printed out the documents now what. This will be our first time filing.. help I thought you said we didn't have to file in Indiana. Please check this out. On Thu, Mar 9, 2017 at 8:01 AM, ira smilovitz <ira.smilovitz@gmail.com> wrote:
As a resident of Indiana, we do have to file an IT-65 (11800) as a general partnership. Forms IT-20S (49181), Schedule E (49105), and Schedule Composite (49188) if there are out of state residents members must be included as well. After a tip that it was not necessary, I contacted the State Office for clarification. The tip turned bad just like a bad stock tip. :( Marty Eckerle Marty, The State Filing Requirement help page suggests contacting support regarding IN filing requirements. The reason is that the IT-65 instructions state that partnerships "doing business" in Indiana must file, but the definition of "doing business" doesn't seem to include investment clubs. On the other hand, IC 6-3-4-10 states "...every partnership doing business in this state, every partnership any partner of which is a resident, and every partnership which has gross income derived from sources within this state, shall make a return..." (emphasis added) Sometimes the obvious answer based on the form instructions doesn't fully reflect the law. Ira Smilovitz On Thu, Mar 9, 2017 at 10:28 AM, Marty Eckerle <bmeckerle@comcast.net> wrote:
Ira and Marty, >> Sometimes the obvious answer based on the form instructions doesn't fully reflect the law. << How true. And, the few times I have talked to an actual rep of the Indiana Department of Revenue, they have always said, "file the return." Ed Berners in South Bend, IN From: ira smilovitz <ira.smilovitz@gmail.com> To: "club_cafe@bivio.com" <club_cafe@bivio.com> Sent: Thursday, March 9, 2017 10:57 AM Subject: Re: [club_cafe] How to file for state taxes? Marty, The State Filing Requirement help page suggests contacting support regarding IN filing requirements. The reason is that the IT-65 instructions state that partnerships "doing business" in Indiana must file, but the definition of "doing business" doesn't seem to include investment clubs. On the other hand, IC 6-3-4-10 states "...every partnership doing business in this state, every partnership any partner of which is a resident, and every partnership which has gross income derived from sources within this state, shall make a return..." (emphasis added) Sometimes the obvious answer based on the form instructions doesn't fully reflect the law. Ira Smilovitz On Thu, Mar 9, 2017 at 10:28 AM, Marty Eckerle <bmeckerle@comcast.net> wrote:
Ira, I guess you can call this a first class ambiguous, hazy, abstruse or obscure (take your pick; Webster has more) situation. 😊 Question: How can the state prove that an investment club's gross incomes are or are not derived from sources within this state? We do file Indiana partnership tax forms and doubt that we will ever stop. Thank for your reply. Marty The State Filing Requirement help page suggests contacting support regarding IN filing requirements. The reason is that the IT-65 instructions state that partnerships "doing business" in Indiana must file, but the definition of "doing business" doesn't seem to include investment clubs. On the other hand, IC 6-3-4-10 states "...every partnership doing business in this state, every partnership any partner of which is a resident, and every partnership which has gross income derived from sources within this state, shall make a return..." (emphasis added) Sometimes the obvious answer based on the form instructions doesn't fully reflect the law. Ira Smilovitz On Thu, Mar 9, 2017 at 10:28 AM, Marty Eckerle <bmeckerle@comcast.net> wrote:
The general rule is that income from intangible assets has no geographic source. Income from sources within a state usually is income derived from real estate, tangible personal property, a business operating within a state or providing goods/services within a state, etc. Of course, each state is free to define this as it sees appropriate. Ira Smiloivtz On Thu, Mar 9, 2017 at 11:15 PM, Marty Eckerle <bmeckerle@comcast.net> wrote:
|
|
||||||