>>IRS has a new system " Form 1065 E-File Program" which
appears to available for tax year 2004.

>>Any comments re applicability for investment clubs?

Unlike the 1040 e-file program which maybe free if you qualify, the 1065
e-file program is definitely NOT free. You can expect to pay far more to any one
of these e-file partners than you will pay bivio to prepare your return.

Ira Smilovitz