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 ...
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 ...
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 ...
A bivio user recently asked As club treasurer, I proposed to move all our drips to our Buy and Hold Account. I met resistance from a few of our members who questioned the safety of Buy and Hold and our putting all our eggs in ...
Steve Denman reports that he has read my articles on spin-offs, and has entered the data on the Lucent/Avaya reorganization in both bivio and NCA. He reports a difference in the gain on the sale of fractional shares, and wants to know why. He says ...
This is part of a continuing series on entering Spin-Offs and Mergers in bivio and NCA. On October 25, 2000 Wells Fargo & Company [WFC] and First Security Corporation [FSCO] completed a merger where shareholders of FSCO received .355 shares of WFC for each share ...
This is part of a continuing series on entering Spin Offs and Mergers in bivio and NCA. Lucent [LU] spun off Avaya as of 10/1/2000. Lucent shareholders were to receive 1 share of Avaya for each 12 shares of Lucent owned. The tax basis for ...
I just got back from NAIC Chapter Fair in Denver. bivio had a booth there. In preparing for the event, I was forced to reassess bivio's progress in developing its club accounting program. So I hope you will excuse me if I digress for a ...
Corey recently asked I am in the process of setting up a club. We are organized and well on our way. We have a partnership agreement written up that was recently signed by all partners. Our next step is to fill out the tax id ...
Club members and treasurers often ask Should one or more remaining club members "buyout" a withdrawing member? First, before I answer that question, let's define a "buyout". A "buyout" is where one or more people buy the units of a withdrawing member directly from that ...
Bert recently wrote We are at the point now though where we have to choose an online broker. What we're looking for is basically a vehicle for making investments. We have other resources available to us for use in doing research etc. Can you guys ...
The Riverside Investment Club asks We have an established investment club that has been in operation for about 4 months now. Because of some difficulties with finding a reasonable cost checking account, we arrived at the solution of opening two E-Trade accounts, using one for ...
Marilyn recently wrote My two sons, my significant other, and I would like to begin to invest in stocks together through B&H. My question, is it possible for the four of us to have a joint account, or do we need to go through becoming ...
Jerry and I have constantly advocated using appreciated stocks to pay off departing members. Recently, we were asked An accountant in our club believes there may be tax liabilities to a partnership when transfering securties to a departing member (not selling stock, just transfering shares). ...
A reader recently asked I am in the process of starting up an Investment club. My question is if we have our monthly meeting on the 20th of the month, do we set the Valuation date for the 1st of the month or the last ...