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Cost basis on 1099 wrong
Hi, Laurie. I know that the cost basis from last year is not being reported to the IRS but ours has a large discrepancy when compared to our bivio cost basis report, all related to a sale of a stock (AIB) that dropped off the ...
4 messages
club_cafe: Form 8893 - One time or every year
In a message dated 2/11/2006 2:33:35 P.M. Eastern Standard Time, kdierking@bivio.com writes: I not certain about whether to make the consolidated audit election and file Form 8893 for our investment club with 10 members. Assuming we decide to do so, is the form and signatures ...
2 messages
SCh B
Why was our SCH B Line 5 "Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more details " ...
3 messages
Edit Opening Balances
Dear Sharon, Whether or not you need to enter information on the opening balances screens depends on how you were doing your accounting prior to switching to bivio. If you were using another accounting program, you would normally bypass them and read in all your ...
1 message
NY IT-204 and IT-204-IP Filing
The completed NY Tax Document includes both NY (Partnership Return) IT-204 AND (NY Partner's Schedule K-1) IT-204-IP. Question: Do I send BOTH IT-204 AND IT-204-IP to NY State Processing Center or just IT-204??? Thanks in advance
2 messages
Accounting for class action settlement
We have received a check for a class action settlement on a stock that we sold for losses in 2007 and 2009. I do not see a way to enter this money into Bivio for appropriate tax handing. Anyone know how to do it?
3 messages
Apple Valuation
You may be. Our SSG projects 10% growth (probably a lot less than AAPL will achieve), uses the average of the lowest 5 of 10 PE ratios (rather than the average of the last 5), and TTM EPS of 35.11. We have a buy up ...
11 messages
Fictitious Name Registration
I am curious about the avenues clubs have pursued for registration of fictitious name of their partnership. This is a requirement in Pennsylvania (PA Dept of State). Two notifications are required, both rather expensive when published in local newspapers "legal notice" section. Has any club ...
2 messages
Club Meeting - March 8
Was the above event taped for later viewing? I heard about it after the fact and would have liked to have attended. Is there a way to get the slides or text after the fact? Thank you, Judy Remiszewski jremisz3@gmail.com
1 message
club locations
Are there any bivio clubs in the Orlando Florida area. I know someone interested in joining. Thanks for your response
1 message
Wisconsin taxes
In a message dated 3/7/2012 7:49:16 P.M. Eastern Standard Time, sgrahamcook@gmail.com writes: I am still in the trial period, but my club has committed to transferring our books (done by hand by me for the last 16 years) to online accounting through Bivio. I have ...
1 message
Partial Withdrawals
We have not address clearly partial withdrawals our by-laws for our club. After seventeen years we have a couple members who would like to make partial withdrawals, Can some one help us with the wording to admend our by-laws. And do you feel a fee ...
3 messages
Account sync
It's part of the commission. Account sync handles all this directly. Ira Smilovitz In a message dated 3/7/2012 11:46:27 A.M. Eastern Standard Time, mkfotos@verizon.net writes: How to record sec fee for selling a stock ? Can I add this small fee to the commission or ...
1 message
Account sync
How to record sec fee for selling a stock ? Can I add this small fee to the commission or this needs to be recorded separately. Will this effect account sync with brokerage transactions? Thank you, Maskey
1 message
The Impact of Currency Exchange Rates
When you invest in foreign stocks and even in US companies with foreign subsidiaries, the value of your investment is impacted, not only by business results but also by changes in foreign currency exchange rates. Do you really know what it means when you hear ...
1 message