Mike:

I also have been doing my own taxes since 1990 using Turbo Tax, Tax Cut, Tax Act, etc with some fairly complicated situations, You are correct that 99% of people do not have a tax adviser. However, I view the "consult with your tax adviser"statement as a synonym for (in no particular order):

a) A CYA statement,
b) An acknowledgement that there are many different city, state, federal and international laws, and again as many judicial interpretations of those laws and how they apply,
c) A plea for the person to carefully consider their actions and their impact on past, current and future tax liabilities.

Irina Clements
Treasurer, Streetbeaters Investment CLub



--------------------------------------------
On Thu, 9/4/14, Mike Jones via bivio.com <user*21595500001@bivio.com> wrote:

 Subject: Re: [club_cafe] Disbanning
 To: "club_cafe@bivio.com" <club_cafe@bivio.com>
 Date: Thursday, September 4, 2014, 10:25 AM
 
 I am amazed at how
 many people suggest consulting with your 'tax
 adviser' as if anyone really has one any more. Since
 TurboTax was introduced, I have been able to handle sales of
 stocks and rental properties as well as depreciation and
 consulting expenses without needing a tax adviser.
  
 I
 believe that people who own a 401(k) need to know how they
 work and
  whether it is to their advantage to, at some point, roll
 their holdings into an IRA.  They can figure this out by
 reading articles in magazines or on the Internet.  If you
 are wise enough to have saved for retirement, you need to
 also take responsibility for protecting your assets and that
 means spending some time learning about your
 options.  Mike
 JonesWall$treet
 WannabeesBloomington, MN
       
  From: Tim Hoyman
 <tim@timhoyman.com>
  To: club_cafe@bivio.com
 
  Sent: Wednesday, August
 27, 2014 6:36 PM
  Subject: RE:
 [club_cafe] Disbanning
    
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 #yiv9635255989 I would suggest you tell
 each member to consult with their tax advisor and let them
 decide.   Tim
 HoymanColorado
 Leprechauns      
  From:
 club_cafe@bivio.com [mailto:club_cafe@bivio.com] On
 Behalf Of Linda
 Sent: Wednesday,
 August 27, 2014 5:34 PM
 To:
 club_cafe@bivio.com
 Subject: Re:
 [club_cafe] Disbanning  No,
  the money cannot be put in a 401k if that is what the
 person is asking.The fairest thing to do is to
 sell stocks and pay cash to everyone. Otherwise tax
 implications will be unequal. You will still need to file a
 tax return for 2014 and issue k-1's so you may want to
 hold back $20 to cover cost of mailing k-1's and tax
 returns. Depending on your renewal date for Bivio you may
 need to pay for renewal to have the tax return prepared.
 Check with Bivio on that.Linda (tax
 preparer)  Sent via the Samsung
 GALAXY S®4, an AT&T 4G LTE
 smartphone  --------
  Original message --------From: Kittie Caldwell
 Date:08/27/2014 5:25 PM
 (GMT-05:00) To: The Club Cafe
 Subject: Re: [club_cafe]
 Disbanning
  Thank you so much for your
 replies on disbanding.  I checked our agreement and it say
 decisions will be made by 2/3 vote.  I now have 6 of 7
 wanting to disband.  I have been the treasurer for at least
 6+ years and no one wants the job.  I never could get
 anyone to shadow me and now I am moving to Georgia.  The
 club was formed in 1995 and it has been a great club but the
 members are not that interested in
 continuing.My next question is:  Can
 some members take stock for payment and some take cash or do
 we have to do it all the same?  One member is considering
 stock.  Another member asked if her money could be sent to
 her 401? I told her to ask her accountant. Cash seems the
 easiest to me. Thanks,Kittie
 CaldwellTWIG
    On Wed, Aug 27, 2014 at 9:13
 AM, Laurie Frederiksen <laurie@bivio.biz>
 wrote:What rules has your club set
 up in your partnership agreement or operating procedures for
 making decisions?  You'll need to follow those rules to
 determine whether a decision is binding on all members if 5
 out of 7 people agree to it.Even if the decision is final
 for the current club, there is nothing wrong with the two
 people that want to continue participating in a club
 starting up a new one.Or, as Bob pointed out, if 5
 people want to leave the club, you don't necessarily
 have to vote to disband it entirely.   If you have more
 than 1 person working together at a business, it is a
 partnership.  You could certainly continue an investment
 group with only 2 people in it if it worked for those two
  people.
 Laurie Frederiksen
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