removal of social security numbers
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removal of social security numbers The members of our club are concerned about the security of our social security numbers. Is there a way to remove our SS numbers from our bivio site??? Elnora Hutchinson, treasurer, Bright Visions Investment Club, Hi Elnora,
There sure is. Just click on the Administration tab at the top. The member roster should be the default. Just click on any member, then click "modify". The social security number is at the bottom in the "Tax ID" section. Just click on that section to delete the number. Do that with all members.
--
Lynn Ostrem, Minneapolis garbagecop@gmail.com Join me at InvestEd 2009 August 7-9, Salt Lake City, UT www.investor-education2009.org Is this something we should all do? Do we replace
them here before tax time or is there a place to do it on the tax form next
year?
<<Is this something we should all
do?>>
Only if you are paranoid. I have heard many expressions of
fear about SSNOs being vulnerable on bivio's and IClub's servers, but I have
never heard of a case where someone had the identity stolen because of that
vulnerability.
Rip West Saint Paul, MN Kittie, The folks at bivio will tell you that their servers are SO secure, you would never have to worry about it. And they are probably right. But we're just not comfortable so we don't keep ours online. When you do your taxes, bivio generates a PDF K-1 file that lets you fill in the social security number. But I just noticed that it also put it back on the roster! So I just removed them myself. It's probably not a big deal. But I believe in "better safe than sorry."
Lynn Ostrem
,
I would be less worried about them being online at bivio where they were entered once by the treasurer and discarded, than in a file at a treasurer’s house J
Jeff
I would be less worried about them being online at bivio where they were entered once by the treasurer and discarded, than in a file at a treasurer's house J Ha! You and Rip are both right! I'm a little paranoid, plus, not only do I keep those SS numbers in my club's tax files at my house, but our secretary is the keeper of the member binder with their club applications which ALSO include that number! Now I'm going to be REALLY paranoid! <G>
Lynn Lynn,
Just because you're paranoid, doesn't mean they are not out to get
you.<g>
<<I'm a little paranoid, plus,
>>
Rip West Saint Paul, MN I would argue strongly AGAINST removing SSNs from your bivio file. The penalty for failing to include a SSN on a K-1 that is submitted to the IRS is $90/month (or portion of a month) the error is uncorrected TIMES the total number of persons who were partners at any time during the year. For a 10 member club, the minimum penalty is $900. While the penalty can be waived for reasonable cause, paranoia might not be considered reasonable cause.
Ira Smilovitz
In a message dated 03/21/09 10:06:28 Eastern Daylight Time, kittiecaldwell@earthlink.net writes:
Hello,
How can I get a friend to start receiving these notes? You guys are the most informative and it is so casual. I love it when I see Q&A…
Myrelle
From:
club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of iras1
I would argue strongly AGAINST removing SSNs from your bivio file. The penalty for failing to include a SSN on a K-1 that is submitted to the IRS is $90/month (or portion of a month) the error is uncorrected TIMES the total number of persons who were partners at any time during the year. For a 10 member club, the minimum penalty is $900. While the penalty can be waived for reasonable cause, paranoia might not be considered reasonable cause.
Ira Smilovitz
In a message dated 03/21/09 10:06:28 Eastern Daylight Time, kittiecaldwell@earthlink.net writes:
No virus found in this incoming message. >How can I get a friend to start receiving these notes? You guys are the most informative and it is so casual. >I love it when I see Q&A…
Hi Myrelle, When you login to your bivio club account, you will see a drop down box at the top of the page. One of the items on the drop down list is Club Cafe. Select this and you will be taken to the Club Cafe Email list archive. At the top of the list is a button that says “Join” That is what you use to become a member. Once you are a member you wll receive copies of all emails sent to the list. You will also be able to send your own questions by addressing them to club_cafe@bivio.com
Laurie Frederiksen bivio Inc.
Thanks…. I will forward this to her…….. Myrelle
From:
club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Laurie Frederiksen
>How can I get a friend to start receiving these notes? You guys are the most informative and it is so casual. >I love it when I see Q&A…
Hi Myrelle, When you login to your bivio club account, you will see a drop down box at the top of the page. One of the items on the drop down list is Club Cafe. Select this and you will be taken to the Club Cafe Email list archive. At the top of the list is a button that says “Join” That is what you use to become a member. Once you are a member you wll receive copies of all emails sent to the list. You will also be able to send your own questions by addressing them to club_cafe@bivio.com
Laurie Frederiksen bivio Inc.
No virus found in this incoming message. Ira- Just to be clear are you saying: if the K-1s that are bundled with the IRS 1065 filing do not have SSNs listed you are subject to penalty OR is it the K-1s that are submitted with the individual filings that don't have SSNs subject to penalty...or BOTH? Thanks! iras1 wrote: > I would argue strongly AGAINST removing SSNs from your bivio file. The penalty for failing to include a SSN on a K-1 that is submitted to the IRS is $90/month (or portion of a month) the error is uncorrected TIMES the total number of persons who were partners at any time during the year. For a 10 member club, the minimum penalty is $900. While the penalty can be waived for reasonable cause, paranoia might not be considered reasonable cause. > > Ira Smilovitz > > > In a message dated 03/21/09 10:06:28 Eastern Daylight Time, kittiecaldwell@earthlink.net writes: > > > > .aolmailheader {font-size:8pt; color:black; font-family:Arial} > a.aolmailheader:link {color:blue; text-decoration:underline; font-weight:normal} > a.aolmailheader:visited {color:magenta; text-decoration:underline; font-weight:normal} > a.aolmailheader:active {color:blue; text-decoration:underline; font-weight:normal} > a.aolmailheader:hover {color:blue; text-decoration:underline; font-weight:normal} > > > > > > Is this something we should all do? Do we replace them here before tax time or is there a place to do it on the tax form next year? > > ----- Original Message ----- > From: Lynn Ostrem > To: The Club Cafe > Sent: Saturday, March 21, 2009 9:46 AM > Subject: Re: club_cafe: removal of social security numbers > > > Hi Elnora, > > There sure is. Just click on the Administration tab at the top. The member roster should be the default. Just click on any member, then click "modify". The social security number is at the bottom in the "Tax ID" section. Just click on that section to delete the number. Do that with all members. > > -- > Lynn Ostrem, Minneapolis > garbagecop@gmail.com > Join me at InvestEd 2009 > August 7-9, Salt Lake City, UT > www.investor-education2009.org > > > > > A Bad Credit Score is 600 or Below. See yours in just 2 easy steps! There are no K-1s submitted with individual filings. You only transfer numbers from the K-1 to other forms in the 1040 package.
It's the K-1s that are submitted to the IRS with the 1065 that must have the SSNs.
Ira Smilovitz
In a message dated 04/29/09 20:44:37 Eastern Daylight Time, mizzenmast71@bivio.com writes:
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