Re: [club_cafe] withdrawal fees/languageI am guessing that Ira will ask the same thing: Why charge a partner 5% to withdraw his/her own money when there is nearly no cost to do so? I have said in the past, rules like this reward partners who outlast everyone else because ...

Re: [club_cafe] withdrawal feeThank you all for your information on the Withdrawal fee topic. On Tuesday 26/08/2014 at 11:34 am, John Rice wrote: I agree with Mike. We do have a withdraw fee, although we should call it a penalty to discourage someone from joining and then leaving ...

Re: club_cafe: Member withdrawHi Johnny, The first thing you must do is to prepare the members withdrawal form. You get to this by going to Accounting|Members and selecting withdrawal. The transaction date should be the date of the check that will be issued, and the valuation date should ...

Re: [club_cafe] Tax formAre you saying that it only needs to be given to the person who withdrew from the club. On Tuesday, March 10, 2020, 10:31:10 AM CDT, Laurie Frederiksen <laurie@bivio.biz> wrote: The withdrawal report needs to be given to the member who took the withdrawal because ...

Re: [club_cafe] payment to withdrawing membersIrina--Please share the benefits to the club. Heretofore, we have paid in cash as well. We have a longterm member who has submitted a withdrawal request effective December 31, 2013. We are in the process of withdrawing that member. So if it is a better ...

Re: help needed on how to i un-withdraw a member?Mike Taylor wrote: > I paid out a member on his withdrawal from our fabulous > club but made an error in the withdrawal amount in Bivio, > but the correct amount was transferred from the bank account > - and so the records don't ...

Re: [club_cafe] Member WithdrawalHow do I add our bank account to sync in Bivio? On Mar 18, 2024, at 1:58 PM, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:  How do you expect Bivio to record the payment of the withdrawal if your bank account is not part of Bivio? ...

Re: [club_cafe] Member WithdrawalHow do you expect Bivio to record theA payment of the withdrawal if yourA bank account is not part of Bivio?A I don't know quite what you mean aboutA linking your bank account to bivio--I don't think that you can expect Bivio to link to ...

Re: [club_cafe] Making Payments to Active Members, not Withdrawals?It's not bivio that determines how and when the capital gains are accounted for -- bivio reflects the IRS rules that govern this. On Tue, Jun 23, 2020 at 9:04 AM Glen Mallette via bivio.com <user* 18190000001@bivio.com > wrote: I you have to sell stock ...

RE: [club_cafe] Withdrawal QuestionWhen I took over as treasurer I had all sorts of issues with those dates and the way we did our payouts. It was complicated by people who took weeks to deposit their checks. I had the club rewrite the bylaws to specify the valuation ...

Re: club_cafe: Re: language for bylaws on withdrawing membersI like 10 days. There is no reason for any delay once the withdrawal contents have been fixed. As it is, the withdrawing member has from the date their withdrawal letter is submitted until the next valuation date to supply their information before the withdrawal ...

Re: [club_cafe] Withdrawing memberTHere are the tax consequences for the club and for the member if a partial withdrawal is paid with stock: Cash Versus Stock Partial Withdrawal Payout It is different for a full withdrawal payout. Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! ...

Re: [club_cafe] Withdrawing some cashKaren: Is your question how to insert the partial withdrawal in BIVIO? It is relatively simple. Use the Help menu for guidance. If your question is deeper than that, Your bylaws should spell out how partial withdrawals are to be done. if they don't then ...

Re: Withdraw member questionDavid, Thanks for your help, however we used the broker, Scottrade, to cut the check out of cash that was in the account and not invested (we didn't have to sell anything to pay the member off). Since I already withdrew the member by going ...

Re: Member Withdrawal-Tax implicationsIra, 1.) Where would one find the withdrawl report? 2.) What IRS form would a member use to report the loss ? Thanks! Chris IraS1@aol.com wrote: > In general, there isn't much difference between the K-1 an ongoing member and a withdrawn member receives -- ...