In a message dated 2/7/2006 11:10:54 A.M. Eastern Standard Time, loutaormina@bivio.com writes: Great site Our club has been members since 2000. Was doing some thinking recently regarding possible tax deductions that I have may not have been taking advantage of in the past. I am ...
In a message dated 2/7/2006 11:46:29 A.M. Eastern Standard Time, garbagecop@foxinternet.net writes: Hi Ira, > the computer, shredder, and router would have to be capitalized and depreciated. I wouldn't take these deductions myself, but what if a member purchased them for use by the club? ...
In a message dated 2/7/2006 10:49:34 A.M. Eastern Standard Time, missy813@bivio.com writes: Is there a central location where I can find out if there are state filing requirements for each of my club members? We are located in Washington, DC, Maryland, Virginia, California, Alabama, Florida, ...
Bivio, Great site Our club has been members since 2000. Was doing some thinking recently regarding possible tax deductions that I have may not have been taking advantage of in the past. I am the President of our club which is a partnership registered in ...
In a message dated 2/2/2006 10:11:30 A.M. Eastern Standard Time, missy813@bivio.com writes: Our club applied for our EIN in July, but did not purchase any stock in 2005. We just made our first stock purchase in January 2006. Do we still have to file 1065 ...
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 ...
I sat down to do reports and tax forms in preparation for our upcoming annual meeting. The first surprise with the Form 8893, which we'd not had to file in the past. But the real puzzler was the list of half of our portfolio with ...
In a message dated 2/6/2006 1:16:34 A.M. Eastern Standard Time, blehnertz@bivio.com writes: I sat down to do reports and tax forms in preparation for our upcoming annual meeting. The first surprise with the Form 8893, which we'd not had to file in the past. You ...
In a message dated 2/5/2006 12:06:24 P.M. Eastern Standard Time, garbagecop@foxinternet.net writes: There's been plenty of debate over the years about this subject--even within our own state of Minnesota! The law reads that, if you make changes (wording; add or subtract members) to your Bylaws, ...
is it legal to rewrite our partnersip agreement? If I add admendments do you leave the original wording and add an admendment page restating a section?
In a message dated 2/5/2006 7:53:09 A.M. Eastern Standard Time, bbanna@bivio.com writes: Do you have any suggestions on how to handle a member having an overwhelming percentage of a stock club portfolio. This should be addressed in your Partnership Agreement. The model BI agreement, and ...
In a message dated 2/3/2006 7:39:46 A.M. Eastern Standard Time, mduke@bivio.com writes: Our investment club owns a REIT (WRI), so our dividend is "nonqualified". I have completed our 1065 and K-1's using bivio, and it looks like that dividend is showing up as a "short ...
Our investment club owns a REIT (WRI), so our dividend is "nonqualified". I have completed our 1065 and K-1's using bivio, and it looks like that dividend is showing up as a "short term" on the forms, when our brokerage statement shows it as a ...