Disbanding Club

Judith Hotovec on

We are in California. There is no way to file a partial
return. Can I just wait and file the normal year end tax
return to the IRS and to California? I am requesting checks
be cut to payoff each individual member as of 6/15/2010. I
really do not want to have to deal with the whole partial
tax form nightmare.
Thank You

iras1 on

I'm not sure where you got the impression that you can't file a short year return in CA, but it's wrong. See Instruction I on page 6 of the CA 565 booklet.

Ira Smilovitz

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In a message dated 06/20/10 22:28:05 Eastern Daylight Time, jhotovec@bivio.com writes:

We are in California. There is no way to file a partial
return. Can I just wait and file the normal year end tax
return to the IRS and to California? I am requesting checks
be cut to payoff each individual member as of 6/15/2010. I
really do not want to have to deal with the whole partial
tax form nightmare.

Judith Hotovec on

it's not that I cannot but I don't want to do the manual
work. So we are leaving our brokerage account open. Ditto
for the Bivio account. I will file the final returns next
year when all the forms are updated.

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