Thanks, everyone, I thought I'd get a rise over the 15% withdrawal fee. Wish I'd brought it up sooner. I have brought this up every time a member left and the response (charter members , of which there are fewer and fewer) is that "we ...
Need help in entering information with bivio sold shares in MRK I entered correct information from broker but message appears which states, shares sold exceeds share owned, Jennifer Smalls
Our club is based in NJ and now has more than 10 members so I need to file NJ 1065 electronically. However, the NJ taxation dept requires a 12-digit ID: https://www1.state.nj.us/TYTR_BusinessFilings/jsp/common/Login.jsp?taxcode=43 {Your Federal or NJ Taxpayer Identification Number must be twelve digits long. Enter number ...
Hi everyone, For those who have asked for a PDF of the Audit webinar, I've posted it on Club Cafe www.bivio.com/club_cafe You can find it as a link on the right side. Laurie Frederiksen
Is the 14 page form at http://www.irs.gov/pub/irs-pdf/i1065sk1.pdf the one I'm to give each club member along with their K-1? ? If so, is it OK to email them a PDF copy rather than print a copy for each partner. thx Jay
Bivio, Cllub name: CCI Model Club Ended Business - Sept 1, 2009 Reason for message: I, M. Jean Fisher, Treasurer, contacted you and had a nice chat. My problem was OUR TAXES. You assured me that I should contact you in February and you would ...
Are membership dues entered as a payment? In doing our audit our dues are listed as a non-deductible expense because they were entered as a payment. But how else can we enter this info into Club Acctng?
Hello, I am slightly confused on what to file. I got this text message when I completed the questionnaire for K-1. Investment clubs are required to file one copy of Form 1065, one copy of Schedule K-1 for each member, and the Schedule D and ...
What is the average fee charged a member who withdraws? I believe our club may hold the record, at 15%. I was not around for the chartering of this club and don't know how they hit upon that fee but i recently visited with a ...
I am the financial partner. I have been signing the "Preparer's signature" on the front page of the 1065 but have not put the information requested on the line below it because it indicates it is for a "Paid" preparer. i am not paid. also, ...
We have completed our taxes and distributed all to members. What address does one mail the Club tax form to. Is is Cincinnati we are ad Chicago area club
The 1065 form shows we had ordinary dividends of $93 but on the 1099 it shows ordinary dividends of $96. It also shows federal tax withheld of $3 so the difference would equal the $93 showing up on the 1065. Am I thinking about that ...
THis question may be answered in the tax webinar, but here goes: OUr investment club is very new, we began in July, 2009 and bought our first stocks in late August of 2009. Therefor, we have made very little money. TD Ameritrade (our broker) says ...
Thank you, I will share this with our members. Marilyn hutson PFP On Feb 19, 2010, at 9:37 AM, "Laurie Frederiksen" < laurie@bivio.biz > wrote: Hello Everyone, FYI, here is a very nice, brief overview of Capital Gains and Losses provided by the IRS. As ...
Hello Everyone, FYI, here is a very nice, brief overview of Capital Gains and Losses provided by the IRS. As a member of an investment club, you will be dealing with these in two ways. Each year, as your club sells stocks, your portion of ...