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 used Gary’s services to file my 2012 income tax return. This was my first year having an accountant do my return, as I have always done it myself using TurboTax. However, this year I had cancelled debt from my old primary residence which I was forced to convert to a rental property after relocating out of state.

While it didn’t cost me anything to do the short sale, the income tax consequence from the cancelled debt, roughly $50,000 in my case, was enough to move me from the 15% tax bracket to the 25% tax bracket.  Needless to say, I was concerned about that.

Finances were already tight and my husband and I are expecting our first child this fall. So the possibility of owing income tax was stressing me out. However, Gary was great at relieving my fears.

He is extremely knowledgeable, answered all my questions and was very thorough. I knew I was in good hands. He kept in constant contact with me throughout the process, keeping me updated on the progress of my return and letting me know what paperwork he needed to complete my filing.

In my mind, best case scenario would have been to not owe any taxes. Second best would be to only owe a little. Well, you can imagine my surprise and delight when Gary told me I was actually due a refund of a little over $2,700.00!

To top it all off, I found Gary’s fee for service to be fair, competitive and affordable; especially given the complexity of this type of return. I am so glad I did not try and go it alone this year. I am extremely pleased with Gary’s service and would recommend him highly to anyone, in fact I already have. If you have cancelled debt from a short sale or foreclosure, don’t freak out. Take a deep breath and call or email Gary. I am grateful I did.

Angie Falke of Holiday, FL

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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Form 2555 CPA discuses use of Form 2350 to Extend an Expat Tax Return

Form 2555 CPA discusses extending expat tax returns with Form 2350

Gary Bode, CPA: deadlines and extensions are important in expat tax work. For a free initial phone consult, please call (910) 399-2705.

I think most Form 2555 CPAs run into client frustration when there’s a large refund due, but the client can’t file the tax return until the end of the physical presence test period. The IRS looks at the physical presence period test as satisfied, when it is actually satisfied. If that date is after April 17th (in 2012) you must rely on the automatic two month extension, and Form 2350, a special type of type of tax extension used with Form 2555.

When do you file Form 2350?

We file Form 2350 on or before April 17th. But I’ve been criticized by other Form 2555 CPAs for my answer. Why? Because of the two month automatic extension available. Most expats filing Form 2555 have refunds coming. While we understand Form 2555 filers can get an automatic additional two months, we just like to lock it down tight as soon as possible. You’re not punished for filing Form 2350 early.

What about the State extension?

Make sure you or your Form 2555 CPA handle the State extension properly if it’s required. For example, we get Form 2555 clients from across the country. When we don’t know the State requirement, we look it up online, or, call their Depart of Revenue.

Form 2350 doesn’t extend the time to pay any tax due

With any US tax return extension, the tax is due on the return’s filing date. The extension, including Form 2350, only extends the time to provide the return, not pay the tax. So, expats face a potential trap here. Best to do a rough return preparation before the deadline to help determine how much tax to pay with Form 2350.

We’re an expat tax firm a virtual office to accommodate long distance clients. Of course, we handle expat’s domestic tax preparation needs too. We prepare:

  • Form 2555
  • Form 5471
  • FBAR
  • Form 1116
  • OVDI cases.

For a free initial phone consult, please call (910) 399-2705.

 

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