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club_cafe: My thoughts on 2005 Bivio taxes
In a message dated 2/6/2006 11:39:58 A.M. Eastern Standard Time, lynn@bivio.com writes:
Lucky for me, I have home phones for both Rip AND Ira!  I'm
lucky to have friends in high places! <grin>  As a club of 7
people, we did not choose the Consolidated Audit and
therefore did not have to file the 8893.  I don't think I
will elect the Consolidated Audit next year if we DO get
over 10 members, either.
I'll just reply to this last statement. If you have more than 10 members, you do not have to elect consolidated audit as it is mandatory. There is no election to make and this question should be answered "no".
 
Ira Smilovitz