We have a large club.  I do not feel comfortable mailing out the tax return which is a lot of paper.  Some states do not even allow filing on paper.  I spent over 40 hours entering all Bivio's information into my tax program at work.  A smaller club would not take that long.  The tax program is not capable of allocating information to the partners because everyone puts in different  amounts at different times, so I need to enter the tax info, and then manually enter the info from all the K-1's.  I can never get it to match exactly due to rounding issues, but a dollar or two here or there is not a big issue.  I file the return electronically, but I put us on extension because I cannot get it all done during tax season.

If you go to a tax preparer to E-file, they are going to charge a lot, depending on the size of the club, because it is a lot of work.

I am sure it would cost Bivio a lot to become a participant in E-file because of the extra programming it would entail.  The problem is, the IRS and states do not want paper returns anymore and can decide to penalize people who don't e-file.

Linda Wiltse

From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of ira smilovitz
Sent: Thursday, January 26, 2017 9:38 AM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] 2 Tax Questions