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Tax Program Status
Hi all, The bivio tax programs for preparing Federal, CO, PA, CA and NJ tax forms are now available for you to use if you go to Accounting>Taxes. There are six steps to doing your taxes.A They all need to be completed to produce correct ...
8 messages
K-1 address to use for deceased member
What would be the appropriate address to use on the K-1 of our deceased member for the IRS: her last known address or the executor of her will?
2 messages
NY State Tax Program Released
The NY State tax program has now been approved and released. If your club or any of your members reside in NY.A You need to file NY state partnership tax forms as well as Federal taxes. Laurie Frederiksen Invest with your friends! www.bivio.com Become our ...
2 messages
Tried to Open a Fidelityy Account for GA Model Club
Just spent almost two months trying to transfer the GA Model Club from Folio to Fidelity. I have been a satisfied customer with Fidelity for more than 35 years but have never been treated like this. The lawyers and the 'back office" would not accept ...
5 messages
Member made partial withdrawal in 2017
One of our members made a partial withdrawal in 2017. I have the withdrawal report from Bivio and have attached the report to this message. How do I figure out how much capital gain she had? Is it the profit number at the bottom of ...
6 messages
Federal Tax Return Filing Address Changes
IRS tax filing addresses for federal investment club returns have changed for this year for clubs in some states.A Make sure you check the instructions shown here: Filing Addresses and send your investment club Federal return to the right place. It is also printed an ...
1 message
New IRS Form of investing partnerships
I remember reading an article about changes in the tax code that could potentially effect clubs in the future. Something about if the IRS finds problems in an audit, whoever happen to be the current partners may be liable for taxes and penalties even if ...
3 messages
New IRS Form of investing partnerships
See Better Investing, March 2018, page 18 : http://mydigimag.rrd.com/publication/?i=471507&p=&l=&m=&ver=&view=&pp=#{"issue_id":471507,"view":"articleBrowser","article_id":"2995326"} The author , Russell Malley of iClub Central , does NOT mention any particular IRS Form to use. If there is a special form, m ay be a board reader or the author could provide it ...
1 message
Mailing of tax forms to IRS and state agency
Don or Carolyn Original Message From: "ira smilovitz via bivio.com" [user*2883400001@bivio.com] Date: 02/14/2018 05:50 PM To: club_cafe@bivio.com Subject: Re: [club_cafe] Mailing of tax forms to IRS and state agency All tax documents should be mailed by first class, certified mail or priority, certified mail. Priority ...
2 messages
change in mutual fund share class
We have shares in an American Funds mutual fund that changed share class from B to A resulting in the investment switching symbols from CWGBX to CWGIX. Our brokerage has transferred all shares to CWGIX but Bivio has kept the share symbols separate. Is there ...
3 messages
Clubs Using Scottrade
As you may be aware, Scottrade accounts are being converted to TDAmeritrade accounts soon.A We have received several questions about what you need to do to handle this in bivio.A A Here is the answer: You will want to track your TDA transactions in a ...
1 message
Mailing of tax forms to IRS and state agency
What are the recommended method of mailing the tax forms, First Class First Class with Certified My State return ended up at 15.9 ounces which I guess does not qualified for First class. Priority mail ? Priority mail with Certified? Priority mail flat envelope rate?
2 messages
Club address changed states, where do we file?
I'm hoping someone can point me in the right direction on our scenario. I am the treasurer of our club and we filed our partnership with the state of Michigan. I moved last summer to North Carolina. I changed the address on our brokerage account ...
1 message
Qualcomm (QCOM) and Dividend Reclassification
Those of you who owned QCOM during 2016 and 2017 have some extra work to do to adjust their dividends before you prepare taxes.A A A portion of the Qualcomm (QCOM) dividends from both 2016 and 2017 has been reclassified as a "non-dividend" distribution.A This ...
4 messages
Adjusting cost basis
I have tried to adjust our cost basis on a stock we sold in July, but have not been able to do so. I think I have followed the instructions, but when I click on the cost basis that is shown, nothing happens.
2 messages