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We prepare most type of tax returns:

Individual. 

S Corporation.

C Corporation.

Partnership.

Payroll.

Amended.

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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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Back Tax CPA discusses IRS Notice CP 90 – Final Notice of Intent to Levy and Notice of Your Right to a Hearing

back tax cpa wilmington nc discusses IRS Notice CP 90

Gary Bode, CPA: IRS Notice CP 90 probably deserves CPA attention. For a free initial phone consult, call 399-2705.

Back tax CPAs take IRS Notice CP 90 seriously. By the time CP 90 arrives, the IRS probably has a federal lien in place. This instantly kills your credit. The IRS will levy you in 30 days! Generally they start with wage garnishment, which is embarrassing and annoys employers. CPAs think of IRS Notice CP 90 as the end game in chess. Make every move count.

Actions a Back Tax CPA might take to Counter Notice CP-90

I’m happy to discuss steps I might take, as a CPA, to counter, or at least mitigate, CP-90.  But you can’t reasonably rely on this post or website alone for advice. Why? Your particular circumstances have to be factored in.

Related posts:

In no particular order:

  • Make sure all back tax returns are filed with the IRS. Sometimes you can invoke an economic hardship case with the IRS. This could delay, indefinitely, when they’ll levy. But all your back tax returns have to be filed first.  And you have to prove that levying would destroy your family’s stability.
  • Don’t assume the IRS figures are correct, especially if you have unfiled back tax returns. Notice CP-90 only presents their version.
  • Try to get a local IRS Agent assigned to the case. This is different from calling them and speaking to a Rep. You can receive Notice CP-90 and still be their Automated Collection System. An Agent can cut through all that red tape.
  • Hire an experienced CPA, us, if don’t already have one. Usually the IRS is happy there is a professional to work with and allows us additional time to prepare your case. Few cases with professional representation proceed as far as Notice CP 90.
  • The IRS must follow their own rules. Read Publication 594, What You Should Know About The IRS Collection Process. Any back tax CPA would tell you it pays to watch them. They’re not malicious. But, while you have recourse against violations, it may be too late to actually help you.
  • File Form 12153, Request for a Collection Due Process Hearing, if the IRS demand is incorrect. Be very sure they are, in fact, not correct!
  • Read Publication 1660, Collection Appeal Rights, in case you lose the Collection Due Process Hearing.
  • Make an Offer in Compromise, IRS Form 656. Don’t use one of those late night TV offer mills, or least read our posts on actions the government has taken against them. However, an Offer in Compromise takes time and expertise. But the IRS delays the levy while they are considering it.
  • Setup an Installment Agreement with the IRS.
  • Pay the IRS in full. I understand this is unrealistic. But sometimes families will help. You might have equity in your home to tap.
  • Call the Taxpayer Advocate.
  • Think about re-structuring your finances after CP 90 consequences play out.
  • Consider bankruptcy. Talk to an attorney. Generally you can’t discharge taxes through bankruptcy. And if it is possible, timing is crucial. The threat of bankruptcy might make your IRS Agent amenable to other alternatives listed above.

We’re a back tax CPA firm in Wilmington NC. But our virtual office allows us to offer excellent service to long distance and international clients. Please read any of our posts to help gauge our expertise and proactive philosophy. We offer a free initial phone consult. (910) 399-2705

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