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

We short sold our home in 2014 and were concerned with the repercussions from the cancelled debt. We did a lot of research on the internet and were able to find Gary.  He provided a free consultation and let us know that we should be do.  Due to his expertise, we went from thinking that we would owe a significant amount of money to actually receiving a nice refund.

We would recommend Gary to anyone who finds themselves in a similar situation.  He’s very knowledgeable on the process and explains everything with you once he’s completed your tax forms.

Adam and Robin McNany

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:

Form 1065 CPA discusses IRS Form 8283 for Partnerships | 2012

CPA Wilmington NC discusses Form 8283 as an attachment to Form 1065.

Gary Bode CPA: I believe in documenting every aspect of Form 8283. For a free initial phone consult, please call 399-2705.

Form 1065 CPAs use Form 8283, Non-cash Charitable Contributions, when the Partnerships donates non-cash charitable items. Examples of such items include:

  • Conservation Easements; abuse of these gifts by developers, led to a $500 filing fee if the declared easement value is greater than $10,000.
  • Works of Art; here’s a link to our post on IRS valuation of charitable art donations.
  • The present value of the remainder interest ,in a charitable remainder trust, funded with non-cash property. Here’s our post on charitable remainder trusts.
  • Publicly traded securities.
  • Qualified vehicles.
  • LLC interests.

Unique Features of Form 8283

Form 8283 calculates the tax-deductible value for charitable items.  This can be subjective. And the IRS expresses ongoing skepticism over charitable contributions. So, the Partnership must essentially prove every aspect of the donation.

  • Section B, Part II of Form 8283 requires a Partner signature.
  • Section B Part III of Form 8283 requires an appraiser declaration.
  • Section B Part IV of Form 8283 requires a direct acknowledgement of receipt by the donee.
  • A copy of Form 8283 is given to every Partner whose Schedule K-1, from Form 1065, reflects the donation.

Form 1065 CPA Example Documentation for Form 8283

A good CPA looks at Form 8283 from the IRS perspective, to anticipate possible tax audit issues. For a donated vehicle, I would submit:

  • A Summary page of supplemental information attached, including my calculation of donated value.
  • Proof of the original cost.
  • The depreciation schedule for the vehicle.
  • An Internet print out of the blue book value.
  • A statement of receipt from the charitable donee.

Is this Form 8283 documentation overkill? Maybe, but it demonstrates a willingness for transparency and shows professional courtesy to the examining IRS agent.

We’re a CPA firm with a virtual office to serve your Partnership, where ever it’s located.

Please check some of our posts to better gauge our ability and proactive philosophy. We offer a free initial phone consult, for Form 8823 and/or Form 1065, at (910) 399-2705 .

Find me on Google+

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=""> <s> <strike> <strong>