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
Please help relieve the knots in my stomach! We started with bivio the beginning of '08. We have 11 members now. One joined this past summer. I have another member who wants out and that will probably happen in January. I have not done a ...
Happy Holidays! Does anyone know of a MAC version of Take Stock? The technical support people at iClub, suggested using Stock Central. I want to have the same software as others in my Club. Thanks. Tosha
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! 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. ...
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 ...
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?
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.
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.
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 ...
Our club was started on August 20, 1963. We do not file taxes as a club, but individually. In 1997 the IRS declared that Investment Clubs that were formed before 1997 would continue to file separately, and their rules would not change. Will we have ...
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
We are dissolving our investment club, FOG. We have a question on Form 1065 line 19a. The instructions state that we have to enter the members valuation and cost basis in this section. The instructions seem to state that the distributed securities will constitute taxable ...