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Extension
If the club files for an extension does that require members to file for one also?

Thank you in advance.

There is no blanket answer to this question. Each member will need to discuss that topic with their personal tax advisor to figure out what is appropriate for their personal tax situation.

Laurie Frederiksen
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On Tue, Feb 22, 2022 at 5:12 AM Gayle Freeman via bivio.com <user*30100001@bivio.com> wrote:
If the club files for an extension does that require members to file for one also?

Thank you in advance.
Don't we need our K1's to file personal taxes

On Tue, Feb 22, 2022 at 8:49 AM Laurie Frederiksen <laurie@bivio.biz> wrote:

There is no blanket answer to this question. Each member will need to discuss that topic with their personal tax advisor to figure out what is appropriate for their personal tax situation.

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 Tue, Feb 22, 2022 at 5:12 AM Gayle Freeman via bivio.com <user*30100001@bivio.com> wrote:
If the club files for an extension does that require members to file for one also?

Thank you in advance.

Yes. If your club doesn't get them to you in time for you to file by April 15, you'll need to file for a personal extension.

But just because a club files for an extension doesn't mean they won't get them to you in time for you to file by April 15.

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
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On Tue, Feb 22, 2022 at 8:59 AM Herb Lemcool via bivio.com <user*20718500001@bivio.com> wrote:
Don't we need our K1's to file personal taxes

On Tue, Feb 22, 2022 at 8:49 AM Laurie Frederiksen <laurie@bivio.biz> wrote:

There is no blanket answer to this question. Each member will need to discuss that topic with their personal tax advisor to figure out what is appropriate for their personal tax situation.

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 Tue, Feb 22, 2022 at 5:12 AM Gayle Freeman via bivio.com <user*30100001@bivio.com> wrote:
If the club files for an extension does that require members to file for one also?

Thank you in advance.
Laurie,
That extension form looks complicated. Can Bivio help? Perhaps with a sample filled in?
Peg Wentworth

On Tue, Feb 22, 2022 at 9:04 AM Laurie Frederiksen <laurie@bivio.biz> wrote:

Yes. If your club doesn't get them to you in time for you to file by April 15, you'll need to file for a personal extension.

But just because a club files for an extension doesn't mean they won't get them to you in time for you to file by April 15.

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 Tue, Feb 22, 2022 at 8:59 AM Herb Lemcool via bivio.com <user*20718500001@bivio.com> wrote:
Don't we need our K1's to file personal taxes

On Tue, Feb 22, 2022 at 8:49 AM Laurie Frederiksen <laurie@bivio.biz> wrote:

There is no blanket answer to this question. Each member will need to discuss that topic with their personal tax advisor to figure out what is appropriate for their personal tax situation.

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 Tue, Feb 22, 2022 at 5:12 AM Gayle Freeman via bivio.com <user*30100001@bivio.com> wrote:
If the club files for an extension does that require members to file for one also?

Thank you in advance.
It's actually quite simple:
Fill in name, address, EIN.
Part 1, put 09 on the box for filing Form 1065.
Line 5a fill in tax year.
And that's it!
File attached
If you go to help under Bivio and look at the Taxes entry the first line is "Filing for an Extension" as shown below. When you click on this, at bivio and not on this e-mail, it will explain what needs to be done and it will show a sample form filled out. Ken did a nice job of summarizing it.

Paul

Screen Shot 2022-02-22 at 10.53.58 AM.png

On Tue, Feb 22, 2022 at 10:44 AM Kenneth C. Smith via bivio.com <user*17824500001@bivio.com> wrote:
It's actually quite simple:
Fill in name, address, EIN.
Part 1, put 09 on the box for filing Form 1065.
Line 5a fill in tax year.
And that's it!
Thanks for your help. Much appreciated.
Peg

On Tue, Feb 22, 2022 at 10:58 AM Paul Madison via bivio.com <user*31595900001@bivio.com> wrote:
If you go to help under Bivio and look at the Taxes entry the first line is "Filing for an Extension" as shown below. When you click on this, at bivio and not on this e-mail, it will explain what needs to be done and it will show a sample form filled out. Ken did a nice job of summarizing it.

Paul

Screen Shot 2022-02-22 at 10.53.58 AM.png

On Tue, Feb 22, 2022 at 10:44 AM Kenneth C. Smith via bivio.com <user*17824500001@bivio.com> wrote:
It's actually quite simple:
Fill in name, address, EIN.
Part 1, put 09 on the box for filing Form 1065.
Line 5a fill in tax year.
And that's it!