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

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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