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Gold
Someone in our club brought up purchasing Gold. Are there Gold Stocks? Seems like we looked into this once before and it wouldn't work. Can someone enlighten me. Thank you, Margaret Investment Queens
13 messages
Looking for Ideas - hydrogen?
FYI some follow-up from an expert in the hydrogen power sector (MIT) whom I know. He permitted me to share. Not a good short term investment if you are risk-averse but for long term buy and hold.A Just sharing, not defending the technology. From: J.A. ...
3 messages
Filing 2020 club tax
Just double checking - do I send the information page after each K-1 (opt out and expenses) to the IRS?
4 messages
Clubs in Fishkill/Poughkeepsie area?
Are there any clubs in the Fishkill/Poughkeepsie NY area? Asking for a family member who lives in that area and would like to join an investment club. Please share club name and contact information to our club email address (sacredorder@bivio.com) so we can pass on ...
2 messages
Member payment error
In auditing this year we found a strange issue that goes back several years. In a month from several years ago member payments were debited four times. I don't know when this glitch happened but we knew our account was off and couldn't Figure out ...
5 messages
State NY tax documents
The tax program for NY will be released early next week.A If your club or any of your members live in NY,A you will need to file a NY tax return. You'll be able to generate it from the Accounting>Taxes page once it is released. ...
14 messages
Looking for Ideas
I'm wondering if "sustainable", "renewable" energy companies might be an area where growth may be found. I've found some reasonably decent companies but they seem pretty expensive (high P/Es, and/or high in the HOLD range). Any thoughts from the cafe'?
5 messages
rounding up
Our 1099B shows a net tax gain of 15.61.. bivio has it rounded up to $16 Should they match?
3 messages
Tax Records
We've been in existence since 1988. How long should we keep club paperwork and tax information before we can safely destroy it? What are IRS regulations or recommendations?
3 messages
[bivio.com #240233] I don't know where to ask, so I'm asking here.
Hi Jose, Here are the instructions for that section from the Form 1065 instructions: Item L. Partner's Capital Account Analysis You aren't required to complete item L if the answer to question 4 of Schedule B is "Yes." If you are required to complete this ...
1 message
[bivio.com #240233] I don't know where to ask, so I'm asking here.
Hi Jose, If you have audited your club records and know your tax forms are correct, then it is fine to send and distribute the tax forms as generated. The IRS will be looking for forms from your EIN number. So that keeps you from ...
1 message
Schedule K-1 Item K is blank
Summary: - Club started 9/1/2020. No profits so 1099 is full of zeros - Members contributed about $1,500 each last year - Item K in Schedules K-1 is blank for every member. - Question: should it not show what each of the members have contributed? ...
3 messages
Trusts and Your Taxes - What's new for 2020
Hi All, If you have any trusts as members of your club,A you will have a little extra work when you take the partnership tax interview this year. You will be asked to supply the name and tax ID number of the "Beneficial Owner" of ...
5 messages
Centralized Partnership Audit Regime - Our recommendations
On Thu, Feb 18, 2021 at 5:38 PM Peter Dunkelberger via bivio.com <user* 26984900001@bivio.com > wrote: I wonder if Bivio, or any of the other clubs, have particularly lucid explanations for opting out (or not) of the centralized partnership audit regime? A You can find ...
2 messages
State NY tax documents
We are located in NY , when would the state forms be available ? Thanks ' Anat Benjamin
1 message