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We prepare most type of tax returns:

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S Corporation.

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Partnership.

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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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As a professional with a busy schedule and layers of accounting complexity, I need the peace of mind that comes with knowing my financials are being handled professionally, in compliance with all laws and regulations, and with an eye to detail.

Gary Bode has provided tax preparation and business accounting assistance to me for three years now, and I can honestly say that I rest well at night, knowing that someone is tending to the details that I don't have time to master.  He is professional, always willing to work through a complex situation, and he explores every angle.

I look forward to working with Gary for many years to come, and wholeheartedly recommend his services to anyone who is looking for the assistance of a capable accountant.

Father Peter Robichau

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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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Form 1065 CPA warns of increased Tax Audit Rates for Partnership tax return | Form 1065 tax audit

Form 1065 CPA IRS tax audit of Partnerships

Gary Bode CPA: Partnerships should take any IRS tax audit of Form 1065 seriously. (910) 399-2705

The IRS says it will increase the tax audit rates of Form 1065 for “several” years, starting in 2012. The IRS audited 13,770 Partnerships, out of the 3.4 Million Form 1065(s) filed last year. But the “no change” rate was 46%. So Form 1065 CPAs suspect the IRS might be tuning up its selection process on which Partnerships to audit. For tax audits that did find changes I suspect that dollar amount is about $100,000, through inference to a published S Corporation figure.

What to expect on a Form 1065 IRS audit. Here’s an earlier post on Form 1065 tax audits.

  • Close examination of the Partner’s equity accounts. Who put what into the Partnership and who took what out.
  • Undisclosed Income: nothing special here, this is a given on almost any audit.
  • Employees being paid as subcontractors. Here’s our post on this IRS issue and their remedial VCSP.
  • Verification of deductions.

I’m a Form 1065 CPA with a virtual office to serve your Partnership where ever you are. Distance isn’t factor. Please read a few of the hundreds of posting on this website to help eval my abilities and proactive philosophy. For a free phone consult call (910) 399-2705.

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