We Prepare Tax Returns!

We prepare most type of tax returns:

Individual. 

S Corporation.

C Corporation.

Partnership.

Payroll.

Amended.

Gary Bode, CPA is a Master's Degreed, nation wide accountant offering tax and business services. Member of AICPA and NCACPA. Our virtual office provides excellent service to long distance and international clients. Call (910) 399-2705 for a free phone consult.

Client Video Testimonials

Click here to watch some of our clients in their video testimonials!

Client Testimonials

I became totally and permanently disabled after a working for 44 years. I returned to college late in life (while working full-time) to fulfill my dream of becoming an RN and at that time found it necessary to secure student loans. Three years after being declared totally and permanently disabled my student loans were discharged. In January 2013 we received a 1099-C form declaring said student loans that were discharged however that amount could be considered as income for 2012. This was a large amount of money and we live on two pensions and social security income.

I started looking on the internet for information regarding 1099-C and felt that this was something that we could not handle alone. I made phone calls locally to a very reputable tax group in a city near us and they said it would cost $500 for an appointment and that they really prefer to do corporate taxes and they referred me to a local person who had worked for them at one time, we called and explained the situation and an appointment was made and then the comment was made that "I will have to do some research on this" and flags immediately went up and we called back and cancelled that appointment. I had been researching the IRSwebsite and every place else I could think of and I was not comfortable doing our own taxes this year. We called another local tax preparer that we had used in the past and made an appointment, however prior to the appointment, while still seeking information regarding our situation,

I came across a website for Gary l. Bode, MSA, CPA, PC in Wilmington, NC. I called Mr. Bodeand explained our situation and asked if he could help. He spoke very knowledgeably regarding the situation and stated that yes; he felt he could help us. As Mr. Bode was in North Carolina and we were in New York I scanned all of our documents including back-up documents for all of our claims and forwarded all to him. Mr. Bode kept in touch with us via email; we have spoken on the telephone several times and have become very comfortable with his knowledge and professionalism. Also, as I am a true "worrier" I have continued looking into information regarding our tax situation and I came upon another web page for Mr. Bode that included testimonials which spoke of his experience with this type of tax situation as it became prevalent during the recession. This reinforced in our minds that we had made the right decision in hiring this person as our tax preparer.

I share all of this as our taxes are now ready to be filed (we do owe tax for 2012 but not the astronomical figure we thought we were facing), and we are confident that they have been prepared with the utmost care by a gentleman who has an excellent working knowledge of the situation we faced and the tax laws that were applicable to said situation.

 

Bill and Carol

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Even though Gary enjoys helping colleagues, we no longer provide free consults to other tax preparers. He's happy to consult on an hourly billing basis if our schedule allows.

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An accountant in Wilmington NC discusses how the IRS protects consumers

An accountant in Wilmington NC discusses IRS consumer protection

The IRS protects taxpayers too!

Most accountants think of tax scams as those perpetrated against the IRS by unscrupulous taxpayers.  And of course that does happen.  But the IRS also protects taxpayers against fraud.  Every year the IRS publishes its Dirty Dozen tax scam list.  In 2010, while nine of the list still concentrate of taxpayer scams, three concern educating taxpayers against fraud.

Phishing

Phishing is any scheme that attempt to gain personal information for means of identity theft.  I think every accountant in Wilmington had clients asking about simulated IRS E Mails this year.  For awhile, these E Mails played on greed, offering refunds to the tax payer if they would provide proof their social security number, address, bank account information etc.  Remember your accountant can verify if the IRS is actually contacting you.  The IRS put out lots of PR to help folks avoid these schemes. 

“Just good common sense avoids most of these scams.”
Gary Bode, CPA
Accountant, Wilmington NC

Return Preparer Fraud

Unfortunately, there are unscrupulous tax return preparers out there.  While this could be as innocent as the accountant filling in a missing figure, based on common sense and last year’s return, it can transcend into fraud against the taxpayer too, not just the IRS. See previous post on a unique scam by a Wilmington NC bookkeeper. See my Frivolous Positions post to for common tax return claims the IRS finds unacceptable.  Apparently accountants use these prohibited tax positions and charge good fees to do so. 

Other common sense precautions:

  • Beware of accountants offering refunds through some special tax secret.  You can call the IRS or walk in to the local Wilmington NC office on Jackyl off of Randall Parkway.
  • Avoid accountants who base their fee on a percentage of the amount of the refund.  This is defined as unethical by the NC CPA Board for example.
  • Find out if the preparer is affiliated with a professional organization that provides its members with continuing education and resources and holds them to a code of ethics.  CPAs are accountants who have been certified through extensive testing, background, character reference.  Their ongoing licensure depends on a strict code of ethics and Continuing Professional Education. 
  • Apparently accountants skim refunds too. Probably through those fast RALs, Refund Anticipation Loans, which allow the accounting and loan fees to be taken off the top before remitting to the client. BTW these RALs charge usurious interest rates generate huge profits for the bank and accountant.  Hundreds of dollars that could and should go into the taxpayer’s pocket.
  • Understand your fees and pay close attention to costs.
  • Never sign a blank return.
  • Review your return carefully.  A good accountant is happy to help you understand it, or at least we are.

The IRS is vigorous about stopping and punishing accountants and other tax preparers who prey on taxpayers.  Fines can be stiff, the ability to practice before the IRS can be suspended and criminal charges can be pressed against the accountant.

Zero Wage Scams

Even though the IRS doesn’t list this as preparer fraud, it seems to me only accountants with some tax background could perpetrate them.  Here a Form 4852 (the Substitute Form W-2) is attached to the Form 1040 showing less wages than the original W-2.  The accountant includes an explanation on the return that the employer submitted inaccurate information to the IRS and now refuses to change it.  Perhaps using the pretense of fear over IRS consequences. 

Similar tactics include the accountant using an incorrect “corrected” Form 1099 Misc showing lower non employee payments than the original.  These zero return scams seem like they couldn’t work, but the IRS may be so over whelmed that some do slide by.  The employer would have to be contacted and the “corrected” amounts verified as false.  The expected amount of additional tax collected may be small. Etc.

The Softer IRS

Lately the IRS has tried to change its image through real reforms in taxpayer service.  They’ve become more user friendly, especially since the recession.  For example, because of the recession they allow the accountant to file an Installment Agreement, if you can’t pay all your tax at the time of filing, and it is pre-approved under certain conditions.  Consumer protection against Phishing and unscrupulous accountants shows another side of the most feared agency in America. 

For a free initial consult with a Wilmington NC CPA accountant, call us at (910) 399-2705.

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