Minnesota State Partnership Tax Return

DELANO D FINCH on

Is bivio going to, or does it have the State of Minnesota
Partnership Tax form for Investment Clubs? It is a simple
two page form that reports all zeros as the answers to the
questions.

Laurie Frederiksen on

On Wed, Feb 22, 2012 at 2:20 PM, DELANO D FINCH wrote:

Is bivio going to, or does it have the State of Minnesota
Partnership Tax form for Investment Clubs? It is a simple
two page form that reports all zeros as the answers to the
questions.

Hi Del,

Not yet, but the more people that request it, the more incentive there is to add it to move it up in our development priorities.

As you have noted, however, MN taxes are extremely easy to complete yourself.

Thanks for letting us know your interest in having us add them.

--
Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
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Lynn Ostrem on

To clarify what Del wrote:

For those in Minnesota, the form is M3 and M3A (2 pages) that can be downloaded from the MN Department of Revenue website at http://taxes.state.mn.us/Pages/index.aspx. Type M3 in the search box and you're there. Simply fill in the header with club name and address, Fed ID and/or State ID, and number of K-1s and current # of partners, and print. If this is not your last return, then just place zeros in every box, sign and date. The mailing address is on the bottom of the form. Remember to attach a copy of your Federal return with all attachments.

The reasons for the zeros is because MN doesn't start charging partnerships on income under $250,000 per year (think interest, dividends and options premiums). Our dues and market values are assets and not subject to the tax.

Lynn O.

On Wed, Feb 22, 2012 at 1:29 PM, Laurie Frederiksen <laurie@bivio.biz> wrote:

On Wed, Feb 22, 2012 at 2:20 PM, DELANO D FINCH wrote:
Is bivio going to, or does it have the State of Minnesota
Partnership Tax form for Investment Clubs? It is a simple
two page form that reports all zeros as the answers to the
questions.

Hi Del,

Not yet, but the more people that request it, the more incentive there is to add it to move it up in our development priorities.

As you have noted, however, MN taxes are extremely easy to complete yourself.

Thanks for letting us know your interest in having us add them.

--
Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio

--
Lynn Ostrem
Resource Management Group, Inc.
4439 McAllister Av NE
St.Michael, MN 55376
Office: 763/497-5153
Fax: 763/497-5838
Cell: 612/750-4943
garbagecop@gmail.com

Marlene Fondrick on

Add us on to having Bivio develop a MN tax partnership form. Anything to make it easier.

Marlene

From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Laurie Frederiksen
Sent: Wednesday, February 22, 2012 1:30 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Minnesota State Partnership Tax Return

On Wed, Feb 22, 2012 at 2:20 PM, DELANO D FINCH wrote:

Is bivio going to, or does it have the State of Minnesota
Partnership Tax form for Investment Clubs? It is a simple
two page form that reports all zeros as the answers to the
questions.

Hi Del,

Not yet, but the more people that request it, the more incentive there is to add it to move it up in our development priorities.

As you have noted, however, MN taxes are extremely easy to complete yourself.

Thanks for letting us know your interest in having us add them.

--
Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio