Our club is disbanding and we are required to file taxes
within 90 days of disbanding. Will the Bivio software
calculate for 1/1/05-disbanding date versus 2004?

Vonda Rodriguez wrote:
> Will the Bivio software calculate for 1/1/05-disbanding date versus 2004?

Yes. We're sorry to hear your club is disbanding. There
are several things that need to be done. 1) You'll need to
sell all of your investments through your broker and enter
those sales into bivio. 2) You will need to enter full
withdrawals for all club members. 3) You will need to
distribute checks to your club members. 4) Once all the
members have been withdrawn from your club you will need to
complete the partnership tax interview and download the
final tax forms for your
club. As you already note, the IRS expects a final tax
return to be filed for the partnership within 90 days of the
close of the club.

Once full withdrawals have been entered for all club
members, you will be able to prepare a final tax return
using last year's tax forms and this year's data.

We will keep the club data around indefinitely, although if
you like you can also export your club data in an open
format and download the tax forms from this and past years
for your own archives.