My Account Store Store
Accounting
Taxes
Investing

Clubs in Indiana, Massachusetts, New Jersey, New York & Wisconsin

Indiana

All clubs in Indiana must file tax returns. Beginning with the 2020 tax year, an investment club partnership in Indiana that has more than 24 partners must by law file electronically (e-File). The ICLUBcentral State Club Tax Printer will support e-Filing for the 2021 tax year and all clubs will be required to e-File their returns.


Massachusetts

All clubs in Massachusetts must file tax returns. If your investment club partnership is in Massachusetts and meets any one of the following criteria, you must e-File your return using the Club State Tax Printer for myICLUB.com (beginning with the 2020 tax year).

  • Have 25 or more partners (as determined by number of Schedule K-1s at the federal level or Schedule 3K-1s at the state level); or
  • Have more than $50,000 in gross income (sum of interest, dividend, and other income for investment clubs); or
  • Have more than $100,000 in stock sale proceeds (gross sales proceeds, not taxable capital gain).


New Jersey

All clubs in New Jersey must file tax returns. If your investment club partnership is in New Jersey and has 10 or more members (as determined by the number of Schedule K-1s at the federal level), then you must e-File your return using the Club State Tax Printer for myICLUB.com (beginning with the 2020 tax year).


New York

Partnerships in New York are required to e-File their returns if they are using tax preparation software, and thus paper forms are no longer provided in the Club State Tax Printer. Clubs using myICLUB.com may e-File their return using the Club State Tax Printer for myICLUB.com.


Wisconsin

Partnerships in Wisconsin are now required to e-File their returns, and thus paper forms are no longer provided in the Club State Tax Printer. Clubs using myICLUB.com may e-File their return using the Club State Tax Printer for myICLUB.com. According to the state, clubs that disband mid-year may not file their required short-year final return on paper or electronically, and should wait to file until the release of the forms for the next tax year before filing.


Useful Tax Links

Pre-order Club Tax Printers

The Internal Revenue Service

Support for Tax Printers

The State Tax Printer is available for the following:

  • Arizona (e-File)
  • California (e-File)
  • Colorado
  • Georgia
  • Indiana (e-File)
  • Iowa
  • Maryland
  • Massachusetts (e-File)
  • Minnesota
  • Missouri
  • New Jersey (e-File)
  • New York (e-File)
  • Oregon
  • Pennsylvania
  • Wisconsin (e-File)


  •  
      
    About    Press    Management    Privacy Policy    Terms of Service    Contact

    copyright © 1989 - ICLUBcentral Inc. or its affiliates