We have a club consisting of 12 members and are looking for new ways to have some fun with it. We have kicked around a couple of ideas and thought that some friendly competition would be fun. We are hoping to find another club(s) similar ...
So when we enter the dollar amount that each member contributes (ie..payments) per month, those are converted into "units?". The more one contributes the more units are obtained? I'm feeling a little slow today..thanks for the help
Why is there a delay in having the tax forms delayed until early February? I understand that deadline for some 1099 has been moved to Feb 15th, but that shouldn't delay having the tax forms ready to go.
I've recently filed a "Disagreement with Findings" letter with the NY State Dept. of Taxation & Finance. Does anyone know how much time the tax authority has to respond to this kind of filing? Is it 90 days or is there no limit? Thanks in ...
Help again! We are just over one year old and we have a member who wants out. We figured what it would cost and are trying to follow the guidelines of our Partnership Agreement. It came up at our last meeting that we should just ...
We need to change a line in our club's Partnership Agreement and we have added two more partners since it has been signed. I would assume that if we add an admendment we will need to have everyone sign it. If that is so, then ...
Help! One day I know this is going to run smoother, but I am in a bind with each member's contribution. I realized too late that I probably should have done the penny method, but I now need to correct some mistakes made last year. ...
Our Brokerage Account Password changed, and our Bivio account hasn't updated since 12/11/08. I've reset everything up, but how can I get the unrecorded transactions bewteen 12/11/08 and now?
Hi: I've been reading about tax allocation methods, and my current impression is that the more commonly used methods accepted by the IRS are the Layered and Aggregate methods. (http://www.aicpa.org/pubs/taxadv/online/aug2003/clinic7.htm) I was wondering if anybody knew if the Snapshop and Timebased allocation methods supported by ...
I belong to two investment clubs. We have approved a merger of the two clubs. What would be the accounting process. One club is using Bivio and the other Naic club accounting.
Please advise whether your club uses online voting to select stocks and whether this has worked well for the club. Also, if you would, please recommend online voting software or tools. Thanks in advance.
Heads up for all treasurers. The deadline for issuing 1099s is now February 15 and not January 31. This was part of the TARP legislation and is a permanent change to the tax code. Be prepared for irate club members when you delay issuing their ...
What happens if our club hits the "400 transactions/yr." limit during a specific subscription year. Will we be locked out of our club? What will it cost to add transactions to our account? Will we be notified? Thanks, Ed Stein CentralWestEnd Investment Club Treasurer
Our club was established as an LLC instead of a partnership. I took over as treasurer and in previous clubs I was a member of I have always been familiar with the schedule K1 and 1065's. As an LLC can we still distribute income and ...