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

Arizona

Business partnerships in Arizona are required to e-File their returns beginning with the 2020 tax year, however, investing partnerships using AZ Form 165 are not subject to the regulations and are able to file returns on paper generated using the ICLUBcentral Club State Tax Printer. No e-Filing waiver request is required to be submitted.


California

Partnerships in California 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. Clubs in California using Club Accounting 3 should contact our Support team for assistance in converting their data for use in myICLUB.com.

NOTE: Beginning in tax year 2014, the ICLUBcentral Club State Tax Printer supports filing for all clubs in California (previously, large clubs were excluded from using the program).


Indiana

All clubs in Indiana must file tax returns. However, not all clubs can use the ICLUBcentral State Tax Printer software. 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) and can not use the ICLUBcentral State Club Tax Printer.


Massachusetts

All clubs in Massachusetts must file tax returns. However, not all clubs can use the ICLUBcentral State Tax Printer software. 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). Clubs in Massachusetts using Club Accounting 3 should contact our Support team for assistance in converting their data for use in myICLUB.com.

  • 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). Clubs in New Jersey using Club Accounting 3 should contact our Support team for assistance in converting their data for use in myICLUB.com.


New York

Partnerships in New York are now 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. Clubs in New York using Club Accounting 3 should contact our Support team for assistance in converting their data for use in 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
  • California (e-File only)
  • Colorado
  • Georgia
  • Indiana
  • Iowa
  • Maryland
  • Massachusetts (e-File only)
  • Minnesota
  • Missouri
  • New Jersey (e-File only)
  • New York (e-File only)
  • Oregon (myICLUB.com only)
  • Pennsylvania
  • Wisconsin (e-File only)



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