Hello. We are new and need to know the procedure for filing
tax returns.

K-1 to all memebers, correct?
1065 is a summary of k-1 to go to IRS, correct?

Do we get our forms from Bivio or should we get on our own?

If the filing date 4/15???

The members include on their personal tax returns, correct?

Note: We are at a loss - no sales/fees higher than
dividends as mentioned in prior email.

Thank you for your help.

Carmen,

You can print the club IRS forms directly from bivio. The year 2001 tax
forms will available in approximately one week from now.

Each club member will receive a K-1, that they include with their own
personal taxes. The club itself also files a return, but it is
"informational" only - i.e. the club doesn't pay taxes directly. The
informational return contains the 1065 and copies of the same K-1s. The
filing date is the usual 4/15 (unless you request extensions of course).

You'll probably need to file even if you haven't had any gains this past
year. Any capital gains and/or losses must be reported, and dividends,
interest, etc, as well.

--Ion

You helped so much.

Appreciated!