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 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.

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=""> <strike> <strong>