Tax question
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Tax question Is there ever any hold up at tax time with companies that are "Partners". We are considering KMP but have been told it might be a problem and we do not want any problems at tax time. Are the rules different for that type of company? Dear Lillian, Yes. The rules are very different. There is no investment club accounting program including bivio that can handle the accounting and tax issues associated with owning partnerships such as KMP correctly. If your club purchased it, you'd need to hire a CPA to correctly update your accounting records and prepare your taxes for you. 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 Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Tue, Jul 16, 2013 at 12:23 PM, Lillian G. Caldwell <kittiecaldwell@gmail.com> wrote: Is there ever any hold up at tax time with companies that |
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