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Social Security Numbers

I already have received my consolidated 1099 from TD Ameritrade. I hope the Bivio tax program will be ready soon.

Sent from Mail for Windows 10

From: ira smilovitz via bivio.com
Sent: Wednesday, February 12, 2020 12:54 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Social Security Numbers

Not yet, but very soon.

Ira Smilovitz

On Wed, Feb 12, 2020 at 3:50 PM V Johnson via bivio.com <user*37873600001@bivio.com> wrote:

Is Bivio ready for the 2019 tax process to begin?

On Wed, Feb 12, 2020 at 3:47 PM ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:

You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.

Ira Smilovitz

On Wed, Feb 12, 2020 at 3:43 PM Joe Farrell via bivio.com <user*14102900001@bivio.com> wrote:

The Social Security number of each partner must be on the K-1 delivered to the IRS.  Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.

> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote:
>
> Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand?
>
> This is our first year doing taxes.
>
> Thanks Zeta
> Keystone Investment Partners

If you have your 1099 already, you can get started now with the first three steps which are:

1.  Do an audit to verify your club information is correct in bivio:

https://www.bivio.com/site-help/bp/Audit_Presentation_Help

2.  Check your dividends reported on your 1099-DIV against the bivio 1099-DIV review report you can find on the Accounting>Reports page.

3.  Check your capital gains and losses on your 1099-B against the bivio 1099-B review form you can find on the Accounting>Reports page.

That is the most time consuming of the tax prep process.  If everything checks out correctly in the steps above,  you'll be able to do your club taxes in a few minutes when the program is released.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe


On Wed, Feb 12, 2020 at 3:59 PM Randall Robichaud via bivio.com <user*31432700001@bivio.com> wrote:

I already have received my consolidated 1099 from TD Ameritrade. I hope the Bivio tax program will be ready soon.

Sent from Mail for Windows 10

From: ira smilovitz via bivio.com
Sent: Wednesday, February 12, 2020 12:54 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Social Security Numbers

Not yet, but very soon.

Ira Smilovitz

On Wed, Feb 12, 2020 at 3:50 PM V Johnson via bivio.com <user*37873600001@bivio.com> wrote:

Is Bivio ready for the 2019 tax process to begin?

On Wed, Feb 12, 2020 at 3:47 PM ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:

You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.

Ira Smilovitz

On Wed, Feb 12, 2020 at 3:43 PM Joe Farrell via bivio.com <user*14102900001@bivio.com> wrote:

The Social Security number of each partner must be on the K-1 delivered to the IRS. Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.

> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote:
>
> Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand?
>
> This is our first year doing taxes.
>
> Thanks Zeta
> Keystone Investment Partners

I'm worrying too about how to mitigate the expense of printing and mailing K-1s, instructions, and state tax forms for every member. I know emailing has potential exposures. I'd love to hear ideas and suggestions.
Val J


On Wed, Feb 12, 2020 at 4:04 PM Laurie Frederiksen <laurie@bivio.biz> wrote:

If you have your 1099 already, you can get started now with the first three steps which are:

1.  Do an audit to verify your club information is correct in bivio:

https://www.bivio.com/site-help/bp/Audit_Presentation_Help

2.  Check your dividends reported on your 1099-DIV against the bivio 1099-DIV review report you can find on the Accounting>Reports page.

3.  Check your capital gains and losses on your 1099-B against the bivio 1099-B review form you can find on the Accounting>Reports page.

That is the most time consuming of the tax prep process.  If everything checks out correctly in the steps above,  you'll be able to do your club taxes in a few minutes when the program is released.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe


On Wed, Feb 12, 2020 at 3:59 PM Randall Robichaud via bivio.com <user*31432700001@bivio.com> wrote:

I already have received my consolidated 1099 from TD Ameritrade. I hope the Bivio tax program will be ready soon.

Sent from Mail for Windows 10

From: ira smilovitz via bivio.com
Sent: Wednesday, February 12, 2020 12:54 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Social Security Numbers

Not yet, but very soon.

Ira Smilovitz

On Wed, Feb 12, 2020 at 3:50 PM V Johnson via bivio.com <user*37873600001@bivio.com> wrote:

Is Bivio ready for the 2019 tax process to begin?

On Wed, Feb 12, 2020 at 3:47 PM ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:

You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.

Ira Smilovitz

On Wed, Feb 12, 2020 at 3:43 PM Joe Farrell via bivio.com <user*14102900001@bivio.com> wrote:

The Social Security number of each partner must be on the K-1 delivered to the IRS. Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.

> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote:
>
> Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand?
>
> This is our first year doing taxes.
>
> Thanks Zeta
> Keystone Investment Partners

Our members have access to the Bivio website and print their own K1's so there is no mailing involved. If they can not navigate the website I have them available at the next meeting if they request that I do that for them. My issue is the withdrawn members and I am not sure if I should mail them certified for safety?

Candace Clemmons

On Wednesday, February 12, 2020, 02:16:06 PM PST, V Johnson via bivio.com <user*37873600001@bivio.com> wrote:


I'm worrying too about how to mitigate the expense of printing and mailing K-1s, instructions, and state tax forms for every member.  I know emailing has potential exposures.  I'd love to hear ideas and suggestions.
Val J


On Wed, Feb 12, 2020 at 4:04 PM Laurie Frederiksen <laurie@bivio.biz> wrote:

If you have your 1099 already, you can get started now with the first three steps which are:

1.  Do an audit to verify your club information is correct in bivio:

https://www.bivio.com/site-help/bp/Audit_Presentation_Help

2.  Check your dividends reported on your 1099-DIV against the bivio 1099-DIV review report you can find on the Accounting>Reports page.

3.  Check your capital gains and losses on your 1099-B against the bivio 1099-B review form you can find on the Accounting>Reports page.

That is the most time consuming of the tax prep process.  If everything checks out correctly in the steps above,  you'll be able to do your club taxes in a few minutes when the program is released.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend!  www.facebook.com/bivio
Follow us on twitter!  www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list.  Click here to  Unsubscribe


On Wed, Feb 12, 2020 at 3:59 PM Randall Robichaud via bivio.com <user*31432700001@bivio.com> wrote:

I already have received my consolidated 1099 from TD Ameritrade.  I hope the Bivio tax program will be ready soon.

 

Sent from Mail for Windows 10

 

From: ira smilovitz via bivio.com
Sent: Wednesday, February 12, 2020 12:54 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Social Security Numbers

 

Not yet, but very soon.

 

Ira Smilovitz

 

On Wed, Feb 12, 2020 at 3:50 PM V Johnson via bivio.com <user*37873600001@bivio.com> wrote:

Is Bivio ready for the 2019 tax process to begin?

 

On Wed, Feb 12, 2020 at 3:47 PM ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:

You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.

 

Ira Smilovitz

 

On Wed, Feb 12, 2020 at 3:43 PM Joe Farrell via bivio.com <user*14102900001@bivio.com> wrote:

The Social Security number of each partner must be on the K-1 delivered to the IRS.  Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.

> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote:
>
> Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand?
>
> This is our first year doing taxes.
>
> Thanks Zeta
> Keystone Investment Partners

 

Fortune 20 of Alexandria - I have "taught" my members how to get into Bivio and download their own K1 data after I have completed the tax return and made available.  We do not mail.

Suggestion - why don't you hand out printed K1s at your next meeting rather than mail if you can't get your members to take advantage of technology available?

Curtis P Meaux


On Wednesday, February 12, 2020, 4:16:11 PM CST, V Johnson via bivio.com <user*37873600001@bivio.com> wrote:


I'm worrying too about how to mitigate the expense of printing and mailing K-1s, instructions, and state tax forms for every member.  I know emailing has potential exposures.  I'd love to hear ideas and suggestions.
Val J


On Wed, Feb 12, 2020 at 4:04 PM Laurie Frederiksen <laurie@bivio.biz> wrote:

If you have your 1099 already, you can get started now with the first three steps which are:

1.  Do an audit to verify your club information is correct in bivio:

https://www.bivio.com/site-help/bp/Audit_Presentation_Help

2.  Check your dividends reported on your 1099-DIV against the bivio 1099-DIV review report you can find on the Accounting>Reports page.

3.  Check your capital gains and losses on your 1099-B against the bivio 1099-B review form you can find on the Accounting>Reports page.

That is the most time consuming of the tax prep process.  If everything checks out correctly in the steps above,  you'll be able to do your club taxes in a few minutes when the program is released.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend!  www.facebook.com/bivio
Follow us on twitter!  www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list.  Click here to  Unsubscribe


On Wed, Feb 12, 2020 at 3:59 PM Randall Robichaud via bivio.com <user*31432700001@bivio.com> wrote:

I already have received my consolidated 1099 from TD Ameritrade.  I hope the Bivio tax program will be ready soon.

 

Sent from Mail for Windows 10

 

From: ira smilovitz via bivio.com
Sent: Wednesday, February 12, 2020 12:54 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Social Security Numbers

 

Not yet, but very soon.

 

Ira Smilovitz

 

On Wed, Feb 12, 2020 at 3:50 PM V Johnson via bivio.com <user*37873600001@bivio.com> wrote:

Is Bivio ready for the 2019 tax process to begin?

 

On Wed, Feb 12, 2020 at 3:47 PM ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:

You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.

 

Ira Smilovitz

 

On Wed, Feb 12, 2020 at 3:43 PM Joe Farrell via bivio.com <user*14102900001@bivio.com> wrote:

The Social Security number of each partner must be on the K-1 delivered to the IRS.  Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.

> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote:
>
> Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand?
>
> This is our first year doing taxes.
>
> Thanks Zeta
> Keystone Investment Partners

 

Candace,

Copies mailed to your members can go by ordinary mail. If you want, you can black out their SSNs on their copy with a Sharpie. I would NEVER send any document with an SSN by email. Email is notoriously vulnerable to interception.

Ira Smilovitz, EA

On Wed, Feb 12, 2020 at 5:23 PM Candy Clemmons via bivio.com <user*34661500001@bivio.com> wrote:
Our members have access to the Bivio website and print their own K1's so there is no mailing involved. If they can not navigate the website I have them available at the next meeting if they request that I do that for them. My issue is the withdrawn members and I am not sure if I should mail them certified for safety?

Candace Clemmons

On Wednesday, February 12, 2020, 02:16:06 PM PST, V Johnson via bivio.com <user*37873600001@bivio.com> wrote:


I'm worrying too about how to mitigate the expense of printing and mailing K-1s, instructions, and state tax forms for every member. I know emailing has potential exposures. I'd love to hear ideas and suggestions.
Val J


On Wed, Feb 12, 2020 at 4:04 PM Laurie Frederiksen <laurie@bivio.biz> wrote:

If you have your 1099 already, you can get started now with the first three steps which are:

1.  Do an audit to verify your club information is correct in bivio:

https://www.bivio.com/site-help/bp/Audit_Presentation_Help

2.  Check your dividends reported on your 1099-DIV against the bivio 1099-DIV review report you can find on the Accounting>Reports page.

3.  Check your capital gains and losses on your 1099-B against the bivio 1099-B review form you can find on the Accounting>Reports page.

That is the most time consuming of the tax prep process.  If everything checks out correctly in the steps above,  you'll be able to do your club taxes in a few minutes when the program is released.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe


On Wed, Feb 12, 2020 at 3:59 PM Randall Robichaud via bivio.com <user*31432700001@bivio.com> wrote:

I already have received my consolidated 1099 from TD Ameritrade. I hope the Bivio tax program will be ready soon.

Sent from Mail for Windows 10

From: ira smilovitz via bivio.com
Sent: Wednesday, February 12, 2020 12:54 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Social Security Numbers

Not yet, but very soon.

Ira Smilovitz

On Wed, Feb 12, 2020 at 3:50 PM V Johnson via bivio.com <user*37873600001@bivio.com> wrote:

Is Bivio ready for the 2019 tax process to begin?

On Wed, Feb 12, 2020 at 3:47 PM ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:

You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.

Ira Smilovitz

On Wed, Feb 12, 2020 at 3:43 PM Joe Farrell via bivio.com <user*14102900001@bivio.com> wrote:

The Social Security number of each partner must be on the K-1 delivered to the IRS. Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.

> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote:
>
> Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand?
>
> This is our first year doing taxes.
>
> Thanks Zeta
> Keystone Investment Partners