Filing 2015 Tax Forms for New Club

Dene M. Alden on

We have just started a small family club with few members.
We have $5.35 in dividends and interest. No realized gains
or losses at this point. Am I still required to file with
the IRS and issue K-1s?

Laurie Frederiksen on

Hi,

Yes. We'd suggest you do. The IRS will be looking for a return from your EIN number.

If you want to avoid having to address an IRS computer generated "Love note" telling you you owe thousands of dollars of late filing penalties, we'd suggest you just generate and file the return.

It's easy to do in bivio and the ability to prepare it is already included in your active bivio subscription.

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 Fri, Dec 11, 2015 at 12:41 PM, Dene M. Alden <dalden@one.net> wrote:

We have just started a small family club with few members.
We have $5.35 in dividends and interest. No realized gains
or losses at this point. Am I still required to file with
the IRS and issue K-1s?

Mail