Our club purchased ADP on 3/5/2021 and received a qualified dividend on 4/1/21. This doesn't meet the holding period for a dividend to be classified as qualified. Can someone enlighten me on why this might be right or wrong? Thanks - scott
We have moved from Folio to Fidelity. One of our members is having trouble setting up payments to our club account. She can't use Bill Pay from her credit union because they charge unless the member uses it 3 times a month. Anyone else have ...
Question - Wisconsin requires clubs to submit their tax returns (Form 3 and Schedule 3K-1) electronically. The only way I have found to submit these is using 3rd party vendors - nothing we can do ourselves. WI does not even allow us to deduct the ...
I have the taxes done. All set. However I have a withdrawn member. I am both the Treasurer and the Administrator. I seem to be able to see just my K-1. Is there a way to see the others K-1s or do I just copy ...
I have been a long time member of Poors Pupils for many years. In the last couple of years we have had members pass away who have also been members for many years with assets of well over $100,000.00. We have been a successful club ...
Our club mandates that every member must have an account with our broker , so that in the event of a death , we would be able to do a withdrawl by directly transfering stocks to their broker account. At this point as treasurer, I ...
One of our club's partners moved to Canada in August of 2020. She has left the club and we paid her out in full in October. Is she considered a foreign partner when I prepare our club taxes?
Do you have to go to the post office for certified or registered mail? Or is there a way to do it online? our post office is very small and very busy. Almost always a long line. I can pay for and print the label ...
Having issues gaining access to our InteractiveBrokers account into which our Foliofn stocks were transferred. I can only access the Application Status page on InteractiveBrokers webpage. Have called InteractiveBrokers call Center and they keep telling me the account should be approved in 2-3 days and ...
My club is formed in Colorado and has only domestic members. I have a US citizen who currently resides in the Netherlands for work (may be permanent) and is very interested in joining the club. Would I have to worry about any foreign tax implications?
Our club is based in NY but with members across a few different states. I was under the assumption that non-NY residents do not need to file NY state tax returns but a few members have expressed concern over this. Am I correct that only ...
Howdy clubs. Newby club and treasurer here - Investly. So we filed our federal 1065 and have confirmation that the return has been received. Q1. How can I check when IRS has processed it successfully. Is there a "where's my refund" equivalent for 1065 forms? ...