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 used Gary’s services to file my 2012 income tax return. This was my first year having an accountant do my return, as I have always done it myself using TurboTax. However, this year I had cancelled debt from my old primary residence which I was forced to convert to a rental property after relocating out of state.

While it didn’t cost me anything to do the short sale, the income tax consequence from the cancelled debt, roughly $50,000 in my case, was enough to move me from the 15% tax bracket to the 25% tax bracket.  Needless to say, I was concerned about that.

Finances were already tight and my husband and I are expecting our first child this fall. So the possibility of owing income tax was stressing me out. However, Gary was great at relieving my fears.

He is extremely knowledgeable, answered all my questions and was very thorough. I knew I was in good hands. He kept in constant contact with me throughout the process, keeping me updated on the progress of my return and letting me know what paperwork he needed to complete my filing.

In my mind, best case scenario would have been to not owe any taxes. Second best would be to only owe a little. Well, you can imagine my surprise and delight when Gary told me I was actually due a refund of a little over $2,700.00!

To top it all off, I found Gary’s fee for service to be fair, competitive and affordable; especially given the complexity of this type of return. I am so glad I did not try and go it alone this year. I am extremely pleased with Gary’s service and would recommend him highly to anyone, in fact I already have. If you have cancelled debt from a short sale or foreclosure, don’t freak out. Take a deep breath and call or email Gary. I am grateful I did.

Angie Falke of Holiday, FL

Free Consult

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 the Short Term Extension IRS Payment Agreement| ways to pay the IRS

Back tax CPA discusses the short term extension payment agreement
Gary Bode, CPA: we work every legitimate angle to reduce your back tax liability. For a free initial consult please call 399-2705.

A back tax CPA often earns a refund for the client. But this post discusses the IRS Short Term Extension payment agreement for when a tax liability exists. Note this option is unavailable if the IRS has already liened your property via Form 668(Y).

Reducing the Amount you Owe

Through preparation of un-filed tax returns, or amending existing returns, a back tax CPA reduces your tax liability using every legitimate technique. But, sometimes, a tax liability is still the result. But even then you might not have to pay it all. Offers in Compromise or Hardship Settlements might reduce that amount.

Delaying the Amount you Owe

Sometimes a CPA requests additional time to prepare the back tax returns. The IRS is considerate in this regard.

Actually Paying the Amount you Owe

But when money is actually due, the IRS has multiple ways to pay it. This post discusses the IRS Short-Term Payment Plan. The IRS was chastised for not offering this option more often. The reason? The short term extension payment plan requires no fees. But other Installment Agreements (Form 9465) do incur fees.

The IRS short term extension payment plan allows you to pay, in full, during the next 11-120 days. My CPA firm likes to be certain the client can fulfill that obligation, because of the potential consequences of default. But the IRS was also criticized for allowing later Installment Agreements, even after multiple defaults. So maybe this is a moot point.

The application process is via the Online Payment Agreement Application (OPA). Which renders an immediate decision on acceptance. Acceptance is not guaranteed, but, under most cases, some other Installment Agreement is acceptable, albeit with fees and greater inconvenience.

We’re a back tax CPA firm in Wilmington NC with a virtual office to serve international clients and offer greater convenience for local clients. Of course, we have a free initial phone consult policy on any back tax or IRS tax audit issue. (910) 399-2705

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