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Is Your Club Required to File a State Tax Return?
Is Your Club Required to File a State Tax Return? We focus so much on the federal filing requirements for investment clubs (partnerships) it's easy to miss the fact that your club MAY be required to file a state partnership tax return. Not all states ...
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The "gap" between reconciliation and payout of member withdrawals.
Ruth asks a very good question . This last year, we had five members withdraw at, or around,the same time. The actual "bookkeeping function" was, of course, simple. The payout sum had been calculated; the members notified. Then came the wait! We had all DRPs ...
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bivio and your club tax return
A bivio user recently asked What can you tell us about bivio and their tax reports?? bivio offers you a FREE and complete partnership tax return, including Form 1065, Form K-1 and all other required schedules. Your club tax return is created online by bivio ...
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Apogent / Sybron Dental Spin-Off
This is part of a continuing series on entering Spin-Offs and Mergers in bivio and NCA. Apogent Technologies InCorp. [AOT] spun off Sybron Dental Specialties[SYD] as of 12/11/2000. Apogent shareholders were to receive 1 share of Sybron for each 3 shares of Apogent owned. The ...
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How to start an overseas investment club
Here is a question that seems to come up a lot. It is a complicated subject, and I don't pretend to have all the answers. That being said, I will share my limited knowledge with you. I'm interested in starting a youth investment club overseas. ...
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Auditing your club's records
It's almost tax season again. Just about time to close out another year and move on to next year. But wait! Before you throw all those 1099's, bank & brokerage statements, and a copy of the club's tax return into a folder and forget about ...
4 messages
Allocation of Fees and Expenses
A question about individual dues to NAIC has been raised. I have become the treasurer of a newly formed club and have a question about year-end distributions. At the first meeting in October, we all contributed $20 towards start-up fees (i.e. no valuation units distributed) ...
4 messages
Does it Pay NOT to Claim Deductions?
It's that time of year again, and here is a question that keeps cropping up. Since there is a limitation on deductibility of investment expenses, none of our partners will benefit by taking this deduction. Yet the tax basis of each partner's interest in the ...
3 messages
Screening for small and mid cap stocks
A reader recently asked about screening stocks. My club has a portfolio of large cap stocks. We would like to add some small and mid cap stocks, but don't know how to find them. We've heard that marketguide.com can help, but I find their criteria ...
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How to handle "Company Paid" commissions and fees associated with Dividend Reinvestment Plans.
Some companies offering Dividend Reinvestment Plans (DRIP's) pay expenses such as commissions and fees on the behalf of plan participants. These commissions and fees, which are paid by the company, are considered by the IRS to be additional dividend income for your club in the ...
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Create an investment club or file under one members name and SSN?
Direct from the Trez_Talk mailbox Three friends and I are going to start an investment club as of the new year(1/1/01). I am curios since I will be in charge of the club if we should actually start a club and file a tax return ...
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Dissolving a club? Final tax return.
Steve recently asked We dissolved our Club in July 2000. As treasurer, I would like to know if any special return needs to be filed or what tax agencies need to be notified to insure no further actions or liabilities can be brought against any ...
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Amortizing Expenses
Aaron wrote My club has expenses for our post office box which are paid twice a year. We also have interest income from our money market account. It seems that our membership is being hit unfairly during these times when we look at the member ...
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Investment Club Tax Filing
A reader asks about the necessity of filing a partnership income tax return. Names have been omitted to protect the innocent <g>. Is there any way that a club can get out of having to file those silly 1065 K1 forms? We got hit with ...
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Petty Cash Revisited
A reader asks Rip, you are always advocating never to use the petty cash account. As a matter of fact you wrote a column to that effect at Petty Cash and Deductible Expenses http://www.bivio.com/trez_talk/mail-msg?t=1840500003 Now, I am hearing rumblings that Petty Cash may be all ...
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