Re: Re: club_cafe: Tax: Members in multiple state (NY & NJ)Members don't file the K-1 with their personal tax return, they use the information on the K-1 to complete their returns. You should still provide a K-1 to every member, regardless. Ira Smilovitz Join me at Invest Ed 2011 Investor Education at Its Best TM ...

Re: bivio Upgrade-Changes to Files AreaOn Thu, Mar 17, 2011 at 7:48 PM, Lawrence Adams < ladams70559@gmail.com > wrote: Laurie: When I visited the site a few minutes ago, our club's Communications>Files page had changed completely. I wanted to add a new folder to it but could not find a ...

Closing Club- Tax ReportingWe closed our club in February and sold all stocks, leaving a small balance in the Money Markets account with the broker. We can't disburse all funds until a 1099 is published (say, February 2012) and the FINAL IRS tax Form 1065 is completed. Do ...

Re: [club_cafe] Closing Club- Tax ReportingDear James, You need to file your final tax return within 4 months and 15 days after your date of termination. The IRS does not specify exactly what you should consider the termination date but we recommend that you choose the point at which all ...

Re: [club_cafe] Closing Club- Tax ReportingHi James, Just one correction to my previous post. Your final return needs to be filed within 3 months and 15 days after the date your operations terminate. Which is the 15th day of the fourth month. -- Laurie Frederiksen Invest with your friends! www.bivio.com ...

Re: [club_cafe] Dividend Received After All Members WithdrawnHi Howard, Our friends at the SEC have a very nice writeup describing what an ex-dividend date is. You can read it here: http://www.sec.gov/answers/dividen.htm If you're a buyer on the ex-dividend date, you don't get it. If you're a seller, you do. It is up ...

Re: Dividend Received After All Members WithdrawnInvestment clubs operate on a cash, not accrual basis, so any dividends received after the valuation date used to calculate the value of the withdrawing member, would not be included in the withdrawing member's payout. You could include a provision in your agreement clarifying this ...

Re: [club_cafe] State Partnership Tax returnsDear Mark, A general partnership may need to file within the state in which it is organized but most states do not require a return just because you have a partner who resides there. I think in general states are most concerned that everyone pay ...

Non Monthly Investment Club Treasurer TasksJust a reminder that this Sunday we'll be doing the final session of our three part investment club treasurer training series. This webinar will give you an overview and chance to ask questions about some of the treasurer tasks you do less frequently. We'll discuss ...

2011 Taxes for Disbanded ClubI am wondering when the 2011 tax forms will be available from Bivio so we can file our final federal return. Our club stopped investing activity a couple of months ago. Howard Fabry, Treasurer Univestors, LLC

Re: [club_cafe] 2011 Taxes for Disbanded ClubThe ability to prepare short year 2011 forms in bivio is in test now and will be released within the next several days. You will know it's ready because 2011 will be a choice on the Tax menu. If you go through the proper disbanding ...

Re: [club_cafe] Performance Benchmark reportDear Linda, You are right. The number above the middle number is the ending market value of the benchmark investment. I have my circle in the wrong place on the slide. The number at the absolute bottom of the column is the total cash flow ...

Re: Cash WithdrawalMy earlier reply in this thresd (quoted below) was too definitive in its use of "incorrect". A more appropriate choice would have been "incomplete". There are other ways to determine the taxable gain that might be more favorable to the member. The approach used by ...

2011 tax return on 2010 tax formsI'm filing the final tax return for our club using 2010 forms. Do I need to cross out 2010 and write 2011 on all forms?

Closing out a ClubLaurie, A number of questions have arisen from some clubs in my area, so I thought I better seek clarification. These questions assume insufficient cash for payout. 1. When Partner 1 leaves, you MAY give stocks that have increased in value. (But, I still don't ...