Re: club_cafe: Disbanding a clubIf you disband and distribute all of your assets by the end of December, you can file your return normally. Even if you were to disband in November, I would wait for the final release of the 2010 tax forms and file before April 15, ...

Re: [club_cafe] 2011 tax return on 2010 tax formsDear Carol, No. If you follow the disbanding instructions correctly, they will be marked as final. The IRS knows that short year returns will be filed on previous year tax forms. On Mon, Nov 21, 2011 at 12:06 PM, Carol Papke < cpapke@mindspring.com > wrote: ...

Re: [club_cafe] 2011 tax return on 2010 tax formsLaurie: Thank you for answering so quickly! carol On Nov 21, 2011, at 11:22 AM, Laurie Frederiksen wrote: Dear Carol, No. If you follow the disbanding instructions correctly, they will be marked as final. The IRS knows that short year returns will be filed on ...

Re: [club_cafe] Qualified dividendsOn Wed, Feb 8, 2012 at 10:43 AM, Linda Wheatley wrote: Our club has 3 foreign stocks. How do I find out if the dividends are qualified or unqualified so that I can enter that info into your tax questionaire? Do you think the TDAmeritrade ...

Re: [club_cafe] Qualified dividendsJust a quick FYI: Based upon various tax treaties the US has with other countries, not all foreign countries "qualify". IRS Publication 17 includes a list of qualified countries respect to foreign dividends. Look for table 8.1: http://www.irs.gov/publications/p17/ch08.html#en_US_2011_publink1000171592 Sharon On Wed, Feb 8, 2012 at ...

Re: [club_cafe] Qualified dividendsYou only need to refer table 8-1 if the stock doesn't trade in the US or trades only on the "Pink Sheets". Any dividend paid by a foreign corporation whose stock trades on a major US exchange (NYSE, NASDAQ National Market, AMEX, Boston, Chicago, Cincinnati, ...

Happy Final Day of 2012!We've all survived the end of the world in 2012 so we have a lot to be grateful for. As Guillaume Apollinaire, French poet and critic said: "Now and then it's good to pause in our pursuit of happiness and just be happy." Wishing you ...

Re: [club_cafe] Member Performance - Why Does Starting Value affect Result?I have a similar question/situation. We had two members, each with a 1/1/2012 starting value of 287.24. Each paid the same dues through the year, but one paid ahead by quarters and one paid monthly. The monthly payment one had a final investment amount of ...

Re: [club_cafe] Is there a special tax form when disbanding a club?Dear Phil, Thank you for your kind thoughts.A We have appreciated having your club use our services. Here are the instructions to follow if your club is disbanding: https://www.bivio.com/site-help/bp/Disbanding_A_Partnership_Help You should make sure to check your income and your capital gains and losses against your ...

Re: [club_cafe] Re: Disbanding ClubNick, The club might have to complete Schedule L on the final NJ-1065. When you are ready to prepare the return, drop a line to support@bivio.com and we'll take a look at your club's data to determine if Schedule L is needed.A You only need ...

Re: Our club is breaking upour club is breaking up. our Bivio subscription ends on Feb 15 2016. do you think it is necessary for us to pay another year subscription from 2016 to 2017 to accommodate the tax preparation for next year. We will be closing all our accounts ...

Re: [club_cafe] Re: Our club is breaking upJust to clarify. The final year tax return is due by the 15th day of the third month following the date of termination. A Unless your termination date is 12/31/2016, A the final return will be a partial year return.A The ability to prepare the ...

Metronic (MDT) Tax Joy - ContinuedAn alert club followed up on this email I sent in March to find out if there had indeed been any further adjustments that were made to the MDT dividends paid from April 2015 thru April 2016: Medtronic Tax Joy It turns out there were.A ...

Re: [club_cafe] FOLIOfn 1099 ReportingIf you do the audit we recommend in January, checking against brokerage information that will already be available then, you should have minimal adjustments that would need to be made when you get your 1099 form. For most clubs, A the audit will make sure ...

Re: Clubs Using ScottradeThere were probably final transactions in your Scottrade account that will need to be entered manually.A Most likely they were dividends received. You need to find out what they were and then,A if they were dividends,A enter them using the "Income" button on the Accounting>Investments ...