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January 30, 2013 -

In This Issue:


Club Tax Printers Released for myICLUB and Club Accounting 3!

ICLUBcentral's 2012 Club Tax Printers have been released for Club Accounting 3 and

Those who have pre-ordered can download them from for Club Accounting 3 or visit the Taxes tab in to start working on your tax forms. Those who ordered the program on CD should expect to receive them in the last week of February.

Remember, you won't be able to file until you have all of your 1099s from your financial institutions, though, which could be as late as February 15, and you shouldn't send a return to the IRS before January 31 this year.

The IRS forms and the state forms for all states except Colorado, Massachusetts, and Pennsylvania are final. We are awaiting final approval from those three states and hope to release them shortly.

To download or order, visit

Changes to Security Cost Basis Reporting that Affect 2012 Tax Returns

There are some changes to the 2012 IRS partnership tax return process that affect investment clubs, and these changes have been implemented into the 2012 Club Tax Printer programs developed by ICLUBcentral.

The IRS Form 1065 Schedule D-1 has been discontinued, and a new form is now required, Form 8949. This form includes much of the information on the Schedule D-1 but also includes some additional questions about capital gains reported by the partnership.

In Part I of the form, partnerships must indicate whether the short-term capital gains reported by the partnership have also been reported to the IRS by a financial institution or brokerage firm on Form 1099-B with the appropriate cost basis. A separate Form 8949 must then be filed for short-term capital gains that have been reported with cost bases, for short-term capital gains that have been reported without cost bases, and for short-term capital gains that have not been reported.

ICLUBcentral’s 2012 Club Tax Printers handle this reporting and will generate the appropriate forms. When preparing your 2012 forms, be sure to have all 1099-B forms from your brokerage in hand. Then, follow the prompts in the Club Tax Printer program:

  • If your club sold securities during the year, then the 1099-B Cost Basis window will appear at this point in the process. For each tax lot of each security sold during the year, you must enter the cost basis reported by your brokerage firm on Form 1099-B. Enter the amount reported even if it is different from the amount reported by your Club Accounting 3 or records.
  • If the basis is not provided by your brokerage, check the "Basis not reported on 1099" box. This may be the case for securities purchased prior to 2011.
  • If no Form 1099 was received for the sale, check "No 1099 received for sale."

Remember, there is still time to take advantage of early bird pricing on pre-orders of the 2012 Club Tax Printers — order today!

Following the Life Cycle of a Successful Company
From the SmallCap Informer

As a company succeeds and grows, it gets harder and harder for it to maintain the high growth rates it may have enjoyed when it was a much smaller business. For this reason, it is very important for investors to understand where a company stands in its life cycle to gauge its past results and likely future growth.

A successful company typically passes through several growth phases. The Startup Phase is when earnings are below the break-even point (the company is losing money).

Explosive Growth is when the percentage increase in sales and earnings tends to be spectacular, often approaching or exceeding 20% annually. The SmallCap Informer typically spotlights companies in this phase.

The Mature Growth period is when revenue becomes so large that it is difficult to maintain consistent growth rates. And when companies do not continue to rejuvenate their product mix and fail to expand their target markets, they can go into a period of Stabilization or Decline

Read more . . .

January 30, 2013


We're ICLUBcentral Inc.
We develop high-quality software products and web services for individual fundamental investors, and powerful accounting tools used by the majority of US investment clubs.

711 W. 13 Mile Rd
Suite 900
Madison Heights, MI 48071

ICLUB Links:
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Mutual Fund Informer
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Complete Roster

Events Calendar:
First Tuesday of each Month: Toolkit 6 User Group led by Doug Gerlach, ICLUBcentral Inc.

Third Tuesday of each Month: New Investment Club Orientation led by Doug Gerlach, ICLUBcentral Inc.

Doug Gerlach will also be speaking at the following events:

Jan. 30-Feb. 2, 2013: The World MoneyShow
Doug Gerlach, Speaker

Feb. 11, 2013: Lunchtime Learning Webinars
Doug Gerlach, Speaker

March 1 - 2, 2013 - Chicago BetterInvesting Investor Expo

Mar. 11, 2013: Lunchtime Learning Webinars
Doug Gerlach, Speaker

Mar. 23, 2013: Southeast Florida BI EduFair
Doug Gerlach, Speaker

Apr. 15, 2013: Lunchtime Learning Webinars
Doug Gerlach, Speaker

May 18, 2013 – Space Coast BetterInvesting Chapter Education Day, Lake Mary, FL

June 7-9, 2013 – InvestEd 2013, Wichita, KS

September 20-22, 2013 – BetterInvesting National Convention, Pittsburgh, PA

November 15-17, 2013 – AAII National Convention,  Orlando, FL

Submit Your Event!

Like 7-Eleven, we're not always doing business, but we're always open — go to the ICLUB Store and outfit yourself with the simple, yet powerful tools and services that smart investors have been using to grow their portfolios since 1989.

Got a Problem?
Support is here to help. You can reach them M-F, 9:30 AM-6:00 PM at 877-33-ICLUB (877-334-2582), or use the e-mail web form at ICLUB Support.

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