Help! One day I know this is going to run smoother, but I am in a bind with each member's contribution. I realized too late that I probably should have done the penny method, but I now need to correct some mistakes made last year. ...
We need to change a line in our club's Partnership Agreement and we have added two more partners since it has been signed. I would assume that if we add an admendment we will need to have everyone sign it. If that is so, then ...
Our Brokerage Account Password changed, and our Bivio account hasn't updated since 12/11/08. I've reset everything up, but how can I get the unrecorded transactions bewteen 12/11/08 and now?
Please advise whether your club uses online voting to select stocks and whether this has worked well for the club. Also, if you would, please recommend online voting software or tools. Thanks in advance.
Hi: I've been reading about tax allocation methods, and my current impression is that the more commonly used methods accepted by the IRS are the Layered and Aggregate methods. (http://www.aicpa.org/pubs/taxadv/online/aug2003/clinic7.htm) I was wondering if anybody knew if the Snapshop and Timebased allocation methods supported by ...
I belong to two investment clubs. We have approved a merger of the two clubs. What would be the accounting process. One club is using Bivio and the other Naic club accounting.
Heads up for all treasurers. The deadline for issuing 1099s is now February 15 and not January 31. This was part of the TARP legislation and is a permanent change to the tax code. Be prepared for irate club members when you delay issuing their ...
Our club was started on August 20, 1963. We do not file taxes as a club, but individually. In 1997 the IRS declared that Investment Clubs that were formed before 1997 would continue to file separately, and their rules would not change. Will we have ...
What happens if our club hits the "400 transactions/yr." limit during a specific subscription year. Will we be locked out of our club? What will it cost to add transactions to our account? Will we be notified? Thanks, Ed Stein CentralWestEnd Investment Club Treasurer
We are dissolving our investment club, FOG. We have a question on Form 1065 line 19a. The instructions state that we have to enter the members valuation and cost basis in this section. The instructions seem to state that the distributed securities will constitute taxable ...
Our club was established as an LLC instead of a partnership. I took over as treasurer and in previous clubs I was a member of I have always been familiar with the schedule K1 and 1065's. As an LLC can we still distribute income and ...
I have stepped down as treasurer of my club and changed the roster to indicate the new officers. However, I am still getting emails about unidentified transactions, etc. How do I get out of the loop? Judith Greenberg jgreenb@bellsouth.net
My Club has some outside, "other income" (from a settlement) and even a little bit of formalized debt forgiveness. I've entered these transactions into our Bivio accounting, but I don't know where Bivio is going to put them on the Schedule K-1 form. Are the ...
The rack out our data center tripped a breaker so all our computers were shut down. They are all back up. However, bivio.com didn't come back up until a little while ago. We are working with our data center company to make sure this doesn't ...