In a message dated 1/10/2006 1:19:48 P.M. Eastern Standard Time, jane_smith@bivio.com writes: First time for a partial withdrawal request. Is there a best way to do this?We are thinking of selling some stocks and then paying the member, charging them commission fees. Will this make ...
First time for a partial withdrawal request. Is there a best way to do this?We are thinking of selling some stocks and then paying the member, charging them commission fees. Will this make a difference to our tax situation? Is there a better way to ...
Here's a tentative workaround, but you may have to change things. Assuming your club did NOT make any charitable contributions during 2005 and the backup withholding took place in 2005: Enter the backup withholding as a charitable contribution to a 50% organization. This will segregate ...
In a message dated 1/5/2006 2:56:32 P.M. Eastern Standard Time, biegelboy@bivio.com writes: Sorry I didn't see your posting, when I posting that. I was commenting on the posting that adviced to get a broker who allows AccountSync. But I do have a few more questions: ...
KRB merged with BAC, on 01/03/2006. Not only did shareholders get 0.5009 for every share of KRB, they also received $4.125 in cash for each share held as well. My question is this: How do I enter the CASH received in BIVIO? Do I discount ...
>>KRB merged with BAC, on 01/03/2006. Not only did shareholders get 0.5009 for every share of KRB, they also received $4.125 in cash for each share held as well. >>My question is this: How do I enter the CASH received in BIVIO? >>Do I discount ...
It's highly unlikely that the IRS will bother the club for $22 in interest if that's the only 2006 income reported to it via 1099 series documents. If you're still in contact with the members of your club, I would suggest having a check issued ...
Strict interpretation of the tax code would indicate that you have to file 2006. However, if the amount is small enough, there are ways to work around this. How much money is involved? Ira Smilovitz In a message dated 1/4/2006 1:10:41 P.M. Eastern Standard Time, ...
Our club shut down as of 12/31/2005. As the club manager, I did everything possible to close it out cleanly so that there would be no tax work to do for tax year 2006. All stocks were sold and all members cashed out with a ...
My club recently joined Bivio and noticed that two previous members are included on the Accounting Members and Reports. They each have negative Units and Market Value. They have not been members for 6 years. How do I get them deleted from the Bivio Accounting ...
In a message dated 12/30/2005 10:49:41 P.M. Eastern Standard Time, merlinater@bivio.com writes: Has anyone ever heard of or know how to split Valuation Units? My problem is our VAU started out at $25 but is now at $91. I would like to take on new ...
Has anyone ever heard of or know how to split Valuation Units? My problem is our VAU started out at $25 but is now at $91. I would like to take on new members with a $500 minimum buy in. I think it would be ...
Our ten year old club joined Bivio as of Jan. 1, 2005. The switch-over date and account amounts are as of that date. Is there an easy way to figure out the Paid amount and Earnings Allocated amount for each member given that they entered ...
In a message dated 12/22/2005 7:33:25 P.M. Eastern Standard Time, rrichow@bivio.com writes: I will be dissolving our club next week before EOY 2005, I know we will need to file the "final" tax reports although is there just a tax reporting fee I can pay ...