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We prepare most type of tax returns:

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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.

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Client Testimonials

Gary,

I would like to thank you for your time in helping me with this issue of tackling the exclusion of my 1099-C income from this years taxes. The Form 982 that the IRS makes you file is very confusing and makes you want to beat you into submission however with your guidance I was able to quickly and easily get through it and on top of that exclude 100% of the cancellation. I will suggest your site and assistance to anyone and everyone.

Sincerely,

Keith, CPA from CT

Keith

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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 8825 CPA discusses delay in the new Capitalization vs. Repair IRS Regs for Rental Property | Schedule E

Rental property CPA form 8825 CPA Schedule E CPA

Gary Bode, CPA: the interim between the old and new IRS Regs offers potential tax positioning for the 2013 tax year. (910) 399-2705.

As a Form 8825 CPA, and Schedule E too of course, I’ve fielded numerous client concerns over the new Capitalization and Expense IRS Regs. First proposed for 2013, the IRS has now delayed them to 2014 Why? The uproar over potential compliance costs from rental property CPAs and taxpayers. The IRS expects to simplify them. Interesting tax implications exist in the interim.

Rental Property Owners have a choice in 2013 for Form 8825 and Schedule E

For the 2013 tax year, rental property owners can choose whether to use the old/current regulations, or, the new temporary regulations. Even if the new regulations aren’t finalized. So there’s lots of potential tax positioning for the 2013 tax year.

“The IRS provides automatic consent procedures to change the accounting method on Form 8825 and Schedule E. Read Revenue Procedures 2012-19 and 2012-20 if you use the temporary regulations in 2013.” 
– Gary Bode, rental property CPA

2014 is looming. The new Regs are inevitable and pack a punch. It’s prudent to learn about the effect on your rental property and Form 8825 or Schedule E.

I’m a rental property CPA and can offer you service wherever you live, thanks to my virtual office. My extended family owns real estate, so I have to stay on top of emerging rental property issues. For a free phone consult call (910) 399-2705.

 

 

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