Investment Club Tax Printer Software
2014 Federal and State Club Tax Printers Now Available for Order and Download
Download your Club State Tax Printer for Club Accounting 3.2.
Select the Taxes tab in your myICLUB.com website.
Current Form Status*:
Federal Forms: FINAL
State Forms for AZ, CA, CO, GA, IA, IN, MA, MD, MN, MO, NJ, NY, PA, WI: FINAL
You can't avoid the tax, but you can avoid the rush. Order your Federal and State Club Tax Printers from ICLUBcentral -- the #1 tax preparation software for investment clubs.
Order for Club Accounting 3.2 for Windows
Order for myICLUB.com
Club Accounting 3.2 Tax Printers can be purchased as either a download or as a pressed CD. myICLUB.com Tax Printers are accessible in the Taxes tab on your myiclub.com website following purchase.
$69.99 for StockCentral Members: Order Today
$99.99 for Non-Members: Order Today
To receive discounts on ICLUBcentral software, including the lowest available prices for the 2014 Club Tax Printers, join StockCentral.com today!
New For 2014 - Club Tax Printer Has Been Enhanced With Even More Features
- Now supports large clubs (having assets greater than $600,000) with additional forms required.
- New workflow saves user-entered cost basis details from 1090 for sold securities from session to session.
- New single-screen questionnaire replaces old step-by-step wizard with streamlined interface that saves details from session to session.
- New worksheet aids in preparing constructive ownership form for family clubs.
Plus all the great standard features that makes ICLUB Tax Printer the #1 tax preparation software for investment clubs:
- Prints required IRS Forms and Tax Forms for 14 States.
- Available for Club Accounting 3 and myICLUB.com.
- Investment Club Accounting Solutions Trusted by Thousands of Clubs Since 1989.
…and much more.
Frequently Asked Questions about Investment Club Tax Preparation
Does my investment club have to file a tax return with the IRS?
- While investment clubs that are formed as general partnerships do not have to pay taxes directly to the IRS, every investment club must file an informational return with the IRS. It doesn't matter how new your club is, whether or not you had any income during the year, whether or not you bought or sold any securities -- you must still file the appropriate forms with the IRS.
What forms do I have to submit?
- To file your club's Federal tax returns with the IRS, you'll need to complete three different kinds of forms. Form 1065 is used by general partnerships (like most investment clubs) to file their taxes with the IRS. It's what is called a "pass-though" filing -- it allows the liabilities of the total tax due to be "passed-through" to the members of the partnership.
- Schedule D is part of Form 1065 and covers the Capital Gains and Losses for your club. Schedule K-1 is an individualized report specific to each member of your club covering their individual share of the tax liability. Each member receives their own Schedule K-1, and they use the information on this form to prepare their personal IRS tax returns. There may be additional schedules prepared or provided depending on your club's status or situation.
- ICLUBcentral's Federal Club Tax Printer software includes all sections of Form 1065, and allows you to print out a Schedule K-1 for each member of your club.
What about the state taxes?
- Tax filing procedures differ from state to state. Some states do not require investment clubs to file returns, while others provide stiff penalties for investment clubs that do not file. Contact your state's tax agency (such as the Department of Revenue or Department of Taxation) for more information about your particular state's requirements. Note that tax laws do change, so even if a state did not require filings in the past, they may have changed their requirements for the 2014 tax year.
- All clubs that are located in Arizona, California, Colorado, Georgia, Indiana, Iowa, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, Pennsylvania, or Wisconsin must file a return with their state agencies. Fortunately, clubs in these states can use ICLUBcentral's State Club Tax Printer software to generate the necessary forms.
- Clubs that are located in Massachusetts, New Jersey, or Wisconsin should also be aware that they are subject to certain conditions.
- Please note that even if ICLUBcentral does not offer a State Club Tax Printer for your state, you may still need to file a state return, so check with your state tax agency for specific requirements.
- Finally, an increasing number of states require partnerships to file a return if the partnership has any partner who resides in that state, regardless of where the partnership is officially located. This may require some clubs to file with more than one state tax agency. To determine whether or not your club needs to file in adjacent states, please contact the appropriate state tax agency.
To learn more about filing your taxes, visit our Club Tax Printer Support page or the official IRS website.
* A special note about "Draft" and "Final" forms: Some tax printer modules are initially released using "draft" forms. Final forms will be released and automatically updated in your tax printer when forms are approved by the IRS and the appropriate state agencies, which could occur as early as mid-January or as late as early March. By installing the draft forms package, you can make sure that the program works correctly and that you have entered the necessary data properly. Then, when final forms are released, you can quickly prepare and print final forms for your club members. You may not prepare your club tax filings before you have received final year-end documents from your club's financial institutions, which by law do not have to arrive until February 17, 2015.