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.

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Delay in E-File Expands as More IRS Tax Forms Become Unavailable | Wilmington CPA Tax Preparation

Tax refunds delayed because of faulty IRS tax forms

Gary Bode, CPA: if you'd like a free initial consult with a tax accountant in a Wilmington NC CPA firm, please call us at (910) 399-2705.

More IRS tax forms were flagged today as being unavailable for E-File, expanding the delay in Form 1040 tax preparation for more taxpayers.  Until at least mid February.  News was sent to CPAs and tax software companies that the initial list of unavailable tax forms has now expanded, up from the first understated IRS news bulletin in December.  Previously, the IRS quietly announced that the re-instatement of three cancelled tax provisions would delay E-File for some taxpayers secondary to unavailable tax forms.  Please see our previous postings for the initial information.

One of the tax provisions involved Schedule A of Form 1040 which is used to itemize deductions.  Schedule A is a typical IRS tax form with six sub sections, each with its own set of rules.  They include medical expenses, taxes paid, interest paid, casualty losses, charitable contributions and miscellaneous deductions.  As part of prudent income tax preparation, most CPAs routinely prepare Schedule A to compare the client’s potential itemized deduction to the IRS standard deduction.  Under most circumstances, Schedule A is just too complex for “eyeballing”.  And it is where most tax refunds are generated.  So a delay in availability in Schedule A affects a lot of folks.

If you’d like a free initial consult with a tax accountant practicing in a Wilmington NC CPA firm, please consider calling us at (910) 399-2705.  We offer a friendly mix of current tax expertise, future tax positioning and customer service.

We don’t feel the IRS is to blame.  Congress continually delayed legislation and just trapped the IRS into last minute tax form modification.   But they did soft pedal the announcement as to the number of taxpayers affected and issues involved.   Now they’ve extended the E-File deadline to April 18 by choosing to celebrate Emancipation Day, a Washington DC holiday – go figure!

The list of currently known affected tax forms is:

Schedule A, Itemized Deductions
Form 3800, General Business Credit
Form 4684, Casualties and Thefts
Form 5405, First-Time Homebuyer Credit and Repayment of the Credit (Page 2)
Form 6478, Alcohol and Cellulosic Biofuel Fuels Credit
Form 8834, Qualified Plug-in Electric and Electric Vehicle Credit
Form 8859, District of Columbia First-Time Homebuyer Credit
Form 8910, Alternative Motor Vehicle Credit
Form 8917, Tuition and Fees Deduction
Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit

We’re a Wilmington NC CPA firm specializing in business and individual IRS and NC income tax returns.  But of course we offer a full range of CPA accounting services like payroll processing, financial accounting, business consulting and even QuickBooks training.  For a free initial consult, please call us at (910) 399-2705.

Our small business and estate tax preparation expertise includes the following: 

  • Schedule C  and NC D400:  Sole Proprietors and SMLLC(s).
  • Form 1120 and NC CD405:  C Corporations and LLC(s).
  • Form 1120S and NC CD401S:  S Corporations and LLC(s).
  • Form 1065 and NC D403:  Partnerships and LLC(s).
  • Form 1041 and NC A101: Trusts and Estates.

Many clients need these small business tax forms prepared as well: 

  • Form 941 – Payroll tax form preparation.
  • Form 940 and NCUI 101 – Unemployment tax form preparation.
  • County business property tax listing preparation.
  • NC Sales Tax preparation (E500).

2 comments to Delay in E-File Expands as More IRS Tax Forms Become Unavailable | Wilmington CPA Tax Preparation

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