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

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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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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