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 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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Estate CPA discusses Form 1041 and NC Form A101

estate cpa wilmington nc

Gary Bode, CPA: we try to be empathetic with Estate clients. Please call 399-2705 for a free initial phone consult.

Please accept our condolences on your personal loss. Unfortunately, when a loved one passes on, a myriad of unique government obligations arise. Truly bad timing. IRS Form 1041 and NC A101 tax preparation can be among these unpleasant duties.

The IRS instructions for Form 1041 tax preparation (Estates and Trusts) go on for over 40 pages, detailing issues for all the Schedules (A, B, D, G, I, J and K-1). Estate income tax returns must be filed for any estate that retains income-earning assets (stocks, rental properties, etc.) as of the end of the year.

Do You Need a Estate CPA for Form 1041 Tax Preparation?

Maybe not. But if you decide that preparing it yourself is not going to work, please call us. If you read any of our tax preparation posts, you’ll see we advocate self-preparation and using lower tiered tax preparers when appropriate. Not every IRS interaction requires a CPA. But preparing tax Form 1041, and the associated NC A101 return, is daunting. And often made worse by the grieving process.

“Unlike Form 1040, where many taxpayers can gain sufficient experience over the years to tackle a moderately complex return, Form 1041 is usually prepared only once or twice. Most tax preparation software doesn’t even cover the associated NC A101.”
– Gary Bode, Estate CPA and Tax Accountant

Self IRS Form 1041 Tax Preparation with Intuit’s TurboTax

TurboTax, one of the QuickBooks affiliated tax software divisions, offers stand alone Form 1041 tax preparation software for Estates and Trusts. While we don’t recommend a hand-prepared tax Form 1041, some folks can prepare an Estate or Trust return using Intuit TurboTax software, albeit augmented with the IRS Form 1041 instructions. This goes for around $180, which includes a State return, if available. TurboTax is excellent software. Some CPAs use it. Last we heard, Intuit TurboTax doesn’t support the associated NC A101.

Most Tax Preparers Don’t Handle IRS Form 1041 Tax Preparation

The major tax chains like Liberty Tax, H&R Block and Jackson Hewitt don’t generally offer Form 1041 tax preparation. The highly advertised tax resolution firms like TaxMasters, Roni Deutch, and JK Harris specialize in Offers in Compromise, not Estates and Trusts, IRS Form 1041. Non-CPA tax accountants don’t prepare a lot of these either, generally speaking, in our experience, preferring to offer standard tax preparation, accounting and payroll accounting services.

I’m an Estate CPA located in Wilmington NC. But we have a virtual office to serve long distance clients. There are hundreds of posts on this website that should help you gauge our abilities and attitude. Please call (910) 399-2705 for a free consult about your particular tax issues.

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