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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.

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Client Testimonials

I became totally and permanently disabled after a working for 44 years. I returned to college late in life (while working full-time) to fulfill my dream of becoming an RN and at that time found it necessary to secure student loans. Three years after being declared totally and permanently disabled my student loans were discharged. In January 2013 we received a 1099-C form declaring said student loans that were discharged however that amount could be considered as income for 2012. This was a large amount of money and we live on two pensions and social security income.

I started looking on the internet for information regarding 1099-C and felt that this was something that we could not handle alone. I made phone calls locally to a very reputable tax group in a city near us and they said it would cost $500 for an appointment and that they really prefer to do corporate taxes and they referred me to a local person who had worked for them at one time, we called and explained the situation and an appointment was made and then the comment was made that "I will have to do some research on this" and flags immediately went up and we called back and cancelled that appointment. I had been researching the IRSwebsite and every place else I could think of and I was not comfortable doing our own taxes this year. We called another local tax preparer that we had used in the past and made an appointment, however prior to the appointment, while still seeking information regarding our situation,

I came across a website for Gary l. Bode, MSA, CPA, PC in Wilmington, NC. I called Mr. Bodeand explained our situation and asked if he could help. He spoke very knowledgeably regarding the situation and stated that yes; he felt he could help us. As Mr. Bode was in North Carolina and we were in New York I scanned all of our documents including back-up documents for all of our claims and forwarded all to him. Mr. Bode kept in touch with us via email; we have spoken on the telephone several times and have become very comfortable with his knowledge and professionalism. Also, as I am a true "worrier" I have continued looking into information regarding our tax situation and I came upon another web page for Mr. Bode that included testimonials which spoke of his experience with this type of tax situation as it became prevalent during the recession. This reinforced in our minds that we had made the right decision in hiring this person as our tax preparer.

I share all of this as our taxes are now ready to be filed (we do owe tax for 2012 but not the astronomical figure we thought we were facing), and we are confident that they have been prepared with the utmost care by a gentleman who has an excellent working knowledge of the situation we faced and the tax laws that were applicable to said situation.

 

Bill and Carol

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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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CPA Tax Preparer in Wilmington NC Discusses an IRS Motivation Tactic

A Wilmington NC and Wilmington NC Tax Preparer discusses IRS tactics

While the IRS is not a tax preparer, sometimes it motivates folks to find a tax preparer

IRS Notices.  I’ll tell a client’s story which demonstrates how the IRS will push a tax payer to provide an original or amended tax return, instead of  paying the amounts calculated on the Notice.  Even when proper tax preparation reduces the tax due !

True Story, as I heard it, as an Example

The IRS sent my (new) client a Notice in 2010 stating his/her 2007 taxes were being increased by $4148. Why? A Form 1099-C was sent to the IRS, from a local Wilmington NC bank, documenting a cancelled car loan.  Which wasn’t listed on the oroginal 2007, self prepared, tax return.  Cancelled debt can become taxable income.  Frantic, the client called the IRS three times.  All three agents noted the tax payer had prepared the return himself and omitted legitimate deductions.  All three agents suggested not paying the amount on the notice and finding a CPA tax preparer to file an amended return.  One agent told him to find a tax preparer who would ask for the penalties to be abated on the basis he hadn’t received the 1099-C, because the original return had used all other known documentation. 

 “The IRS is highly cooperative about sharing information they have with the taxpayer to expedite filing a back or amended tax return. But they are not tax preparers.”
Gary Bode, CPA | Wilmington NC Tax Preparer and Accountant

On IRS Notices, additional tax is calculated without regard to deductions and credits. This usually results in a scenario where the highest possible amount of tax is due, compounded by penalties and interest.  To me, this seems like a negotiating tactic to motivate taxpayers to find a CPA tax preparer who will file or amend a return using all the available deductions and credits. Which means the tax due is less, which lowers the interest component too. 

I think the horror stories about the IRS originate from the emotional response a tax payer has to any IRS situation.  To me this situation is analgous to a legal case, in which the lawyer proceeds with emotional detachment.  A CPA tax preparer can:

  • Represent you before the IRS.
  • Concentrate on the actual issues at hand.
  • Minimize damages to the least legal amount.
  • Look at how any remaining tax can be paid (IE Installment Agreements, Offers in Compromise).
  • Alleviate the emotional baggage associated with IRS interaction.

If you need a free initial consult on tax preparation, or any accounting, tax or business issue, please call us at (910) 399-2705.

2 comments to CPA Tax Preparer in Wilmington NC Discusses an IRS Motivation Tactic

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