The two most commonly cited IRS Publications relative to investment clubs are IRS Publication #541 - Partnerships and IRS Publication #550 - Investment Income and Expenses The latest versions (1999 tax year) of each are available in the Trez_Talk files area. You'll find them in ...
Corporate mergers and spin-offs are the source of many questions from individuals and investment clubs. These questions usually focus on the calculation or allocation of cost basis and the determination of the holding period related to the sale of a security that was obtained as ...
Deborah Kearney courageously <g> disagrees with a recent column on non-refundable fees. She says I disagree - a fee is a fee is a fee. Well, each club, of course, is free to set its own policy. Having dealt with these questions for many years, ...
No sooner is the cyber space ink dry on my final, definitive treatise on fees than a reader chimes in, Yeah, but how about non-refundable fees. Our agreement calls for a $100 non-refundable fee to be paid by all members when they come into the ...
Entering members' fees continues to create confusion for club treasurers. Although we have written other columns on this subject, I am going to try, once more, to shed some light on this difficult topic. We are talking, here, about fee assessments against members, which will ...
Some users are having trouble figuring out how to enter certain transactions. Maybe I should dwell upon a few basic concepts in investment club accounting. When you go to Accounting in bivio, there are five different sections from which to choose - Accounts , Investments ...
Recently several people have asked about IRA's within an investment club. For example I would like to find out on how to set up IRA/Roth IRA account and offer this benefit of tax deferrel/avoidence to our club members. I understand each one of us can ...
A reader recently wanted to know where to start in researching the Beardstown Ladies Any research of the Beardstown Ladies should start with their book The Beardstown Ladies' Common-Sense Investment Guide : How We Beat the Stock Market-And How You Can, Too You can get ...
A reader raised the question of whether or not a monitoring committee should be set up to react quickly to unfavorable news about one of the holdings of an investment club. This would only be for an emergency situation. We were thinking of a core ...
Margaret Eskew writes Given the litigious nature of our society, what vehicle can an investment club use to protect individual members from being sued for the debts of other members of the group? Is a limited partnership or an LLC the safer vehicle? No argument ...
I thought it might be interesting for readers of this column to get a look at Compufest 2000, which was just held in Albuquerque, through my eyes. Understand that this is strictly how the affair struck me. It is not intended to be an impartial ...
The following was sent to the Trez_Talk inbox. It brings up some valuable considerations for a new club. Guy Russell wrote, I thought we planned our group very well, but we seem to keep hitting alot of obstacles. Maybe these questions are some that others ...
From the Trez_Talk mailbag Our club is organizing and we have all the legal/tax stuff done. Accounting software is our next priority. Can you recommend software from a company other than NAIC which costs $ 211.00 for non Members ? Sure! You can do your ...
Debbie Brown wrote We are just getting started on setting up this club. I want to know how we set up our money accounts so we may begin the investment process. I haven't seen this section. As a beginner in this I need all the ...
Deductible expenses with or without the use of petty cash continue to be a source of confusion for many investment clubs. Let's take the topic of petty cash first. As originally envisioned by the NAIC accounting manual, petty cash was not to be used for ...