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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.

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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

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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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CPA Discusses IRS Form 2290 Delayed Deadline | HVUT | Trucker Tax

CPA Wilmington NC discusses IRS Form 2290, HVUT for truckers.

Gary Bode, CPA: We serve truckers through a virtual accounting and tax office. You already have enough logistical problems. For a free initial phone consult call 399-2705.

Form 2290, Heavy Highway Vehicle Use Tax Return, usually due Aug. 31, will instead be due on Nov. 30, 2011. The IRS states this may reduce confusion and potential multiple filings of Form 2290 once Congress finalizes the changes in Highway Use Tax that expire September 30th. Under temporary and proposed regulations filed today in the Federal Register, the Nov. 30 filing deadline for the tax period that begins on July 1, 2011, applies to vehicles used during July, as well as those first used during August or September. Returns should not be filed and payments should not be made prior to Nov. 1. Note the IRS is not at fault for here. Congress continues to stall on legislation that impedes required IRS infrastructure support of these changes.

So, What About Obtaining a Stamped Form 2290 Schedule 1 during the Delay?

To aid truckers applying for state vehicle registration on or before Nov. 30, the new regulations require states to accept as proof of payment the stamped Schedule 1 of the Form 2290 issued by the IRS for the prior tax year, ending on June 30, 2011.

For those acquiring and registering a new or used vehicle during the July-to-November period, the new regulations require a state to register the vehicle, without proof that the highway use tax was paid, if the person registering the vehicle presents a copy of the bill of sale or similar document showing that the owner purchased the vehicle within the previous 150 days.

Form 2290 Basics and Recent Developments

Last year, the IRS received about 650,000 Forms 2290 and highway use tax payments totaling $886 million. The tax of up to $550 per vehicle is based on weight, and a variety of special rules apply to vehicles with minimal road use, logging or agricultural vehicles, vehicles transferred during the year and those first used on the road after July 31st.  For trucks and other taxable vehicles in use during July, the Form 2290 and payment are, under normal circumstances, due on Aug. 31.

Under federal law, state governments are required to receive proof of payment of the federal highway use tax as a condition of vehicle registration. Normally, after a trucker files Form 2290 and pays the HVUT, Schedule 1 is stamped by the IRS and returned to filers for this purpose. A state normally may accept a prior year’s stamped Schedule 1 as a substitute proof of payment only through Sept. 30. In general, the highway use tax applies to trucks, truck tractors and buses with a gross taxable weight of 55,000 pounds or more. Ordinarily, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound threshold.

“Recent IRS capability to E-File Form 2290 allows the tax processor, or website, to produce a watermarked (stamped) Schedule 1 immediately. Truckers can use the EFTPS online IRS service, which expedites proof of payment. These developments make compliance on HVUT easier.”
Gary Bode, Wilmington NC CPA and tax accountant

We’re a Wilmington NC CPA firm that serves the trucking industry through our virtual international office. Truckers have enough logistical problems already and don’t need to be tied to a specific geographic location at tax time. We handle issues through cell phones, email, faxes and Internet portals. If you’d like a free initial consult on any tax issue, please call us at (910) 399-2705.

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