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Fed 1065 acceptance status
Howdy clubs. Newby club and treasurer here - Investly. So we filed our federal 1065 and have confirmation that the return has been received. Q1. How can I check when IRS has processed it successfully. Is there a "where's my refund" equivalent for 1065 forms? ...
3 messages
Best way to mail tax return to IRS or State
We are a club based in NY , Is it better to send out Federal and state taxes Via Priority mail that is Tracked or certified mail with signature . thank you Anat benjamin (alchemy Investment club)
2 messages
1099 dividend reporting
Turns out it's not very complicated, and I've written it up for our Treasurer to follow, including specific examples from our 1099 and Bivio. For the ETF's with foreign taxes, foreign tax and qualified dividend are entered as provided on 1099. Ordinary in Bivio is ...
1 message
Ohio Club with Kentucky and Arizona members
What tax requirements are there for this topic. Thank you.
6 messages
1099 dividend reporting
Our club invests in ETF's only. Our 1099 shows Total ordinary dividends, qualified dividends, 199A dividends, and foreign tax paid. Accountsync shows the total dividend received so I have to edit to separate out the various amounts. When entering the values, should Total in Bivio ...
1 message
Change of Broker & Local Bank Account
As a result of Folio ousting investment clubs, we have had to find a new broker at year end and in a pandemic.A Our club has also made the decision to open a local bank account for members will set up their recurring deposits.A The ...
27 messages
Warrants
My club owned Occidental Petroleum (OXY) and in July, 2020 OXY distibuted warrants (OXY+), We sold all the stock plus the warrants in 2020. I cannot get the warrants recorded correctly in Bivio. (I'm using the spin-off button in the OXY investment.) The numbers are ...
4 messages
NJ Partnership Filing Fees
All: I have a question about the investment club exception for partnership filing fees in New Jersey. New Jersey Rev Stat § 54A:8-6 requires a partnership with New Jersey resident partners to file a NJ-1065 partnership return, even if the partnership operates in another state ...
8 messages
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