We Prepare Tax Returns!

We prepare most type of tax returns:


S Corporation.

C Corporation.




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

My husband and I had to deal with canceled debt from a Deed in Lieu of Foreclosure on a second home with our 2012 taxes. We never had to deal with this type of tax experience and needless to say, we were fearful. Owing taxes on possible additional income was stressful. We searched for CPA’s as well as info about DILs and how Insolvency worked. When we came across Gary’s website, we were impressed. We found his website 8 months prior to tax season. We kept it as a “Favorite” as we knew we would need to contact him for assistance. When it was time to get a CPA, we called Gary. We felt relieved that we actually had someone that not only understood our concerns but was an expert in this area. He walked us through the process and all the time telling us not to worry. When our taxes were completed, you cannot imagine the relief we had when we actually were able to get a refund.

Gary is a dedicated professional and attentive to his clients. We love the virtual office as it is convenient during tax time and he’s fees were fair and affordable when you consider the depth of work accomplished on our taxes!

We’ve already started recommending Gary to others. We are so blessed and grateful for all that Gary did to assist with our taxes.


Patty and Tim, Fredericksburg, VA

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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 2013 Medicare 3.8% Surtax Planning for IRS Tax Form 1041 | US Income Tax Return for Estates and Trusts | Medicare Surtax | Net Investment on Unearned Income tax

Form 1041 CPA Medicare Surtax

The new higher tax bracket for IRS Form 1041 kicks in at only $11,959 of Adjusted Gross Income. Here are a few planning tips. I offer a free phone consult for Estates and Trusts. (910) 399-2705.

The new 3.8% Medicare tax on “unearned” net investment income impacts 2013’s Form 1041, US Income Tax Return for Estates and Trusts. Why?

  • The Health Care and Education Reconciliation Act of 2010 kicked in on January 1st, 2013.
  • That means the 39.6% tax rate kicks in at only $11,959 of adjusted gross income for Estates and Trusts on Form 1041.
  • Capital Gains increases from 15% to 20% for Estate and Trusts when the adjusted gross income exceeds $11,959 on Form 1041.

I’ll present some tips for Form 1041 Fiduciaries and Grantors.

When does the 3.8% Medicare net investment unearned income tax factor into IRS Form 1041?

  • When the Estate or Trust’s undistributed net investment income exceeds $11,959.
  • Form 1041 has Adjusted Gross Income greater than $11,959 (2013).

What the 3.8% Medicare Surtax considers Net Investment Income

  • Interest.
  • Dividends.
  • Annuities.
  • Royalties.
  • Rents.
  • Gain secondary to sales of Estate or Trust assets.
  • Passive income.

Estate and Non-Grantor Trust Tips for IRS tax Form 1041

  • Consider distributing the Estate’s net investment income to beneficiaries in a lower tax bracket that doesn’t incur the 3.8% Medicare tax.
  • Changing the Fiduciary’s role to active instead of passive for an ongoing trade or business.

Grantor Trust Tax CPA tips for IRS tax Form 1041

Same as above. But the active role derives from the Grantor’s activities. If the Grantor passed away, a Trustee can take an active role in ongoing business issues.

I’m a Form 1041 CPA that stays sharp on Estate and Trust issues. Our virtual office allows us to serve regardless of the Estate or Trust’s location. (910) 399-2705.

Here’s an earlier IRS tax Form 1041 strategy post.

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