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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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The recession was hard on me. In 2009 the banks foreclosed a few of my rental properties, than issuing me 1099C's to make the situation even worse. This made my tax liability enormous, as a result I didn't file taxes for a couple of years. I started receiving letters about my unpaid taxes from the government and my job. The accountant I hired in the past really didn't know much about 1099C,,s. That's when I searched the web and found Gary a life saver to say the least, he knew exactly what to do. If I would not have waited three years to file I would not have lost thousands for filing late. I wish I would have found him sooner, the fact that he does taxes in any state is a plus. I truly cant say enough positive things about my experience doing business with Gary. Thanks Again.

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Form 990 CPA discusses changes recommended by the AICPA for 2013 | Non-Profit CPA

Form 990 CPA non profit organization tax changes

Gary Bode, CPA: Form 990 can use some common sense changes. (910) 399-2705.

Form 990 CPAs know how strongly the AICPA (American Institute of CPAs) advocates for common sense and tax transparency. In 2012 they’ve recommended changes to the Form 990 preparation process for 2013. The goal of Form 990 is to:

  • Prove the non-profit organization has a charitable function.
  • Has IRS approval as a non-profit organization.
  • Spends its funds to support that function.
  • Provide a publicly available tax return contributors can examine.

Form 990 is a dozen pages long with an alphabet of sub-schedules. While it’s easy to point Form 990 out as an example of overly complex tax preparation, it does apply to vast array of different types of non-profit organizations.

“While you don’t have to be a non-profit CPA to understand Form 990, I have to say the average contributor might have difficulty following it.” 
– Gary Bode, Form 990 CPA

 Here are some of the common sense changes the AICPA proposed to the IRS:

  • Changes in the Form 990 instructions, specifically to highlight changes in 2013 from 2012.
  • Making it easier for a non-profit organization to change its name.
  • Defining what audited Financial Statements mean for hospitals.
  • Clarifying compensation for short year returns.
  • Easing Board approval on policy changes.
  • Making pension expense more transparent.
  • Making accrued compensation reporting more like business tax returns such as Form 1120-S and Form 1065.
  • Closing a loophole that allows short year compensation to go un-reported.
  • Making a recent temporary sub schedule permanent to better reflect non-profit organizations that have Partnership ties.
  • Changing the definition of support to mean financial support instead of both financial support and service support.
  • Making the non profit’s lobbying efforts more transparent.
  • Clarify Net Unrealized Gains and Losses on Investments.
  • Making foreign activity more transparent.
  • Making repetitive answers more concise through aggregate check boxes.
  • Making housing benefits to employees more transparent.
  • Making Form 990 instructions consistent with Form 990 itself.

I’m a Form 990 CPA with a virtual office to serve non-profit organizations wherever they are. (910) 399-2705.

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