Big Changes for 2021 Investment Club Taxes

Learn more about them!

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There are major changes that you are going to find this year when you prepare your investment club taxes. Join us for a Webinar on Tuesday, February 15 at 8PM Eastern time to learn more about them.

We'll be discussing:

  1. The tax forms your investment club needs to prepare
  2. How to make sure your bivio accounting is correct
  3. What a 1099 form is, when you get it and what you do with it
  4. What you need to know about new foreign tax reporting requirements
  5. How the bivio tax interview works
  6. How to review what is filled in on your tax forms
  7. How to file your tax forms

Your 2021 investment club tax forms need to be filed by March 15, 2022. You won't be able to complete them until you get your 1099 forms and the bivio tax program is released in late February, but you can get most of the work done now.

You can register now for the webinar using this link:

Register now!

It's free and all are invited, but space is limited.

Filing for an Extension

The IRS continues to make changes to the partnership tax return instructions. To make it easier for you to amend your return if they change something after you file, we are recommending that, prior to March 15, all clubs apply for an automatic 6 month extension for filing their club taxes.

The process to amend a return (if it becomes needed) is much simpler if it is done before the due date or extended due date of the return, especially if your club has not opted out of the CPAR audit requirements.

This doesn't mean you need to wait to file your club taxes. It just gives you more flexibility if you need to amend them after you do.

  1. Send in IRS Form 7004 to Request the Automatic 6 month Extension

    Form 7004 Form and Instructions

See you online!
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