You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.
The Social Security number of each partner must be on the K-1 delivered to the IRS. Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.
> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote: > > Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand? > > This is our first year doing taxes. > > Thanks Zeta > Keystone Investment Partners
Laurie Frederiksen on
If you have your 1099 already, you can get started now with the first three steps which are:
1. Do an audit to verify your club information is correct in bivio:
https://www.bivio.com/site-help/bp/Audit_Presentation_Help
2. Check your dividends reported on your 1099-DIV against the bivio 1099-DIV review report you can find on the Accounting>Reports page.
3. Check your capital gains and losses on your 1099-B against the bivio 1099-B review form you can find on the Accounting>Reports page.
That is the most time consuming of the tax prep process. If everything checks out correctly in the steps above, you'll be able to do your club taxes in a few minutes when the program is released.
Laurie Frederiksen Invest with your friends! www.bivio.com
You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.
The Social Security number of each partner must be on the K-1 delivered to the IRS. Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.
> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote: > > Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand? > > This is our first year doing taxes. > > Thanks Zeta > Keystone Investment Partners
V Johnson on
I'm worrying too about how to mitigate the expense of printing and mailing K-1s, instructions, and state tax forms for every member. I know emailing has potential exposures. I'd love to hear ideas and suggestions.
Val J
On Wed, Feb 12, 2020 at 4:04 PM Laurie Frederiksen <laurie@bivio.biz> wrote:
If you have your 1099 already, you can get started now with the first three steps which are:
1. Do an audit to verify your club information is correct in bivio:
https://www.bivio.com/site-help/bp/Audit_Presentation_Help
2. Check your dividends reported on your 1099-DIV against the bivio 1099-DIV review report you can find on the Accounting>Reports page.
3. Check your capital gains and losses on your 1099-B against the bivio 1099-B review form you can find on the Accounting>Reports page.
That is the most time consuming of the tax prep process. If everything checks out correctly in the steps above, you'll be able to do your club taxes in a few minutes when the program is released.
Laurie Frederiksen Invest with your friends! www.bivio.com
You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.
The Social Security number of each partner must be on the K-1 delivered to the IRS. Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.
> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote: > > Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand? > > This is our first year doing taxes. > > Thanks Zeta > Keystone Investment Partners
Candy Clemmons on
Our members have access to the Bivio website and print their own K1's so there is no mailing involved. If they can not navigate the website I have them available at the next meeting if they request that I do that for them. My issue is the withdrawn members and I am not sure if I should mail them certified for safety?
Candace Clemmons
On Wednesday, February 12, 2020, 02:16:06 PM PST, V Johnson via bivio.com <user*37873600001@bivio.com> wrote:
I'm worrying too about how to mitigate the expense of printing and mailing K-1s, instructions, and state tax forms for every member. I know emailing has potential exposures. I'd love to hear ideas and suggestions.
Val J
On Wed, Feb 12, 2020 at 4:04 PM Laurie Frederiksen <laurie@bivio.biz> wrote:
If you have your 1099 already, you can get started now with the first three steps which are:
1. Do an audit to verify your club information is correct in bivio:
https://www.bivio.com/site-help/bp/Audit_Presentation_Help
2. Check your dividends reported on your 1099-DIV against the bivio 1099-DIV review report you can find on the Accounting>Reports page.
3. Check your capital gains and losses on your 1099-B against the bivio 1099-B review form you can find on the Accounting>Reports page.
That is the most time consuming of the tax prep process. If everything checks out correctly in the steps above, you'll be able to do your club taxes in a few minutes when the program is released.
Laurie Frederiksen Invest with your friends! www.bivio.com
You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.
The Social Security number of each partner must be on the K-1 delivered to the IRS. Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.
> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote: > > Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand? > > This is our first year doing taxes. > > Thanks Zeta > Keystone Investment Partners
Curtis Meaux on
Fortune 20 of Alexandria - I have "taught" my members how to get into Bivio and download their own K1 data after I have completed the tax return and made available. We do not mail.
Suggestion - why don't you hand out printed K1s at your next meeting rather than mail if you can't get your members to take advantage of technology available?
Curtis P Meaux
On Wednesday, February 12, 2020, 4:16:11 PM CST, V Johnson via bivio.com <user*37873600001@bivio.com> wrote:
I'm worrying too about how to mitigate the expense of printing and mailing K-1s, instructions, and state tax forms for every member. I know emailing has potential exposures. I'd love to hear ideas and suggestions.
Val J
On Wed, Feb 12, 2020 at 4:04 PM Laurie Frederiksen <laurie@bivio.biz> wrote:
If you have your 1099 already, you can get started now with the first three steps which are:
1. Do an audit to verify your club information is correct in bivio:
https://www.bivio.com/site-help/bp/Audit_Presentation_Help
2. Check your dividends reported on your 1099-DIV against the bivio 1099-DIV review report you can find on the Accounting>Reports page.
3. Check your capital gains and losses on your 1099-B against the bivio 1099-B review form you can find on the Accounting>Reports page.
That is the most time consuming of the tax prep process. If everything checks out correctly in the steps above, you'll be able to do your club taxes in a few minutes when the program is released.
Laurie Frederiksen Invest with your friends! www.bivio.com
You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.
The Social Security number of each partner must be on the K-1 delivered to the IRS. Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.
> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote: > > Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand? > > This is our first year doing taxes. > > Thanks Zeta > Keystone Investment Partners
ira smilovitz on
Candace,
Copies mailed to your members can go by ordinary mail. If you want, you can black out their SSNs on their copy with a Sharpie. I would NEVER send any document with an SSN by email. Email is notoriously vulnerable to interception.
Our members have access to the Bivio website and print their own K1's so there is no mailing involved. If they can not navigate the website I have them available at the next meeting if they request that I do that for them. My issue is the withdrawn members and I am not sure if I should mail them certified for safety?
I'm worrying too about how to mitigate the expense of printing and mailing K-1s, instructions, and state tax forms for every member. I know emailing has potential exposures. I'd love to hear ideas and suggestions.
Val J
On Wed, Feb 12, 2020 at 4:04 PM Laurie Frederiksen <laurie@bivio.biz> wrote:
If you have your 1099 already, you can get started now with the first three steps which are:
1. Do an audit to verify your club information is correct in bivio:
https://www.bivio.com/site-help/bp/Audit_Presentation_Help
2. Check your dividends reported on your 1099-DIV against the bivio 1099-DIV review report you can find on the Accounting>Reports page.
3. Check your capital gains and losses on your 1099-B against the bivio 1099-B review form you can find on the Accounting>Reports page.
That is the most time consuming of the tax prep process. If everything checks out correctly in the steps above, you'll be able to do your club taxes in a few minutes when the program is released.
Laurie Frederiksen Invest with your friends! www.bivio.com
You will need to have the SSNs in order to complete the federal 1065 in bivio. You will not be allowed to complete and print the return without the SSNs entered in the software.
The Social Security number of each partner must be on the K-1 delivered to the IRS. Get it how you want, but the treasurer also needs a copy of the complete Form 1065 for the club's records.
> On Feb 12, 2020, at 2:32 PM, Zeta Creed via bivio.com <user*37534300001@bivio.com> wrote: > > Do we need to get the Social Security numbers for all partners to print the K1's or can we print the K1s and then have them add their social security number by hand? > > This is our first year doing taxes. > > Thanks Zeta > Keystone Investment Partners