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.

Pay Your CPA

Enter $ Below
Other Amount:
Your Email Address:

CPA discusses Innocent Spouse Relief vs. Injured Spouse Allocation | Form 8857 vs. Form 8379 | Wilmington NC

CPA Wilmington NC discusses Form 8857 and Form 8379: Innocent Spouse Relief and Injured Spouse Allocation

Gary Bode, CPA: the IRS does a great job on their documentation for Forms 8857 and 8379. But if you'd like a free initial phone consult, please call 399-2705.

Form 8857 and Form 8379 have similar names, neither of which is intuitively obvious.  While the IRS does a great job with documentation, these forms, especially Form 8857, entail complex issues.

Form 8857; Request for Innocent Spouse Relief

Here one spouse, usually after separation or divorce, tries to avoid IRS tax liability from a previously filed Form 1040. Filing a joint return means both spouses are responsible for the taxes, penalties and interest due.  Now you’re asking the IRS to make you “un” responsible for tax liability you previously signed off on.  The new Form 8857 is four pages long and asks very personal questions.  Like if the innocent spouse was abused.  Generally, you have two years to file Form 8857, but recent tax court cases allowed a longer time period.  We feel Form 8857 is a potential mine field that deserves a CPA consult. 

Form 8379; Injured Spouse Allocation

Here, one spouse is asking to receive their fair share of a tax refund, on a current or past, Married Filing Jointly, Form 1040 tax return.  Without filing Form 8379, an entire refund, including the injured spouse’s share, can be offset (snatched) by the IRS and passed along to satisfy the other spouse’s debts, i.e. past child support, defaulted student loan, etc.  A partial refund is better than no refund.  Please see our past post on Form 8379 and Injured Spouse.

So, Form 8857 and Form 8379, serve different purposes, despite having similar and misleading names. 

I’m a CPA in Wilmington NC who understands the tax consequences of separation and divorce.  Unfortunately, tax and legal obligations intrude during difficult life events.  My goal is to reduce your taxes by every possible legal means, in an empathetic, non-stressful manner.  If you’d like a free initial phone consult on Form 8857 or 8379, please call (910) 399-2705.  We serve a broader base then just the greater Wilmington NC area.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>