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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CPA advice: reduce tax preparation fees on IRS Form 1040

Gary Bode, Wilmington NC CPA and tax accountant

Gary Bode, CPA: If you become uncomfortable while preparing your own tax returns, please consider calling us for a free consult at 399-2705

For a Simple Form 1040

Hand written returns are rare these days. I think it is still possible to self prepare an accurate Form 1040 without software.  If the return is simple enough IE just a few W-2s.

The IRS also affiliates with FreeFile which provides a basic free software if your Income is less than $57,000.  Here’s the limitation for self tax preparers of FreeFile, direct from the IRS website. 

Online Self Tax Preparation for IRS Form 1040

Taking your taxes into a chain  like Jackson-Hewitt, Liberty Tax Service or H&R Block is more expensive, generally speaking, than CPA firm fees.  And sometimes your own tax expertise is better than the chain preparers. But their tax software is all excellent, and you probably get the same software online as their retail outlet tax preparers do.  If you must file Schedule C tax IE as a sole propriortor or SMLLC, you should look for an online interview feature.  Check to see if the tax software, from TurboTax, Jackson-Hewett, Liberty Tax Service or H&R Block allows you to try it free.  Generally you pay if and when you file.  If your confidence fades as tax preparation proceeds, please consider calling us at 399-2705. 

QuickBooks Bookkeeping: Business Tax Return Preparation

Well organized QuickBooks bookkeeping reduces tax fees.  While we’re expert with Peachtree, Master Builder etc., few CPAs have enough of these clients to be as proficient as they are with Intuit QuickBooks.  QuickBooks helps lower your tax preparation fees.  However, we’ve seen plenty of QuickBooks bookkeeping that is less than adequate for IRS documentation.  But because QuickBooks is prevalent we’ve got the experience to quickly find and correct problems.

Shoebox Clients: poor documentation can increase tax preparation fees

Even though we’re a full service Wilmington NC CPA firm, we encourage good bookkeeping.  Solid accounting data is vital for good management.  But we’re happy to work shoe box cases.  It starts out with one of our QuickBooks bookkeepers doing a basic sort.  Followed by a CPA overview.  The receipts are then organized into QuickBooks bookkeeping, if we expect to do the tax preparation in future years, or, the client is ready to move up a notch organizationally. QuickBooks bookkeeping has the added advantage of importing accounting data into the tax program, if it is setup properly.

IRS Form 1120

Generally your local Wilmington NC CPA tax preparer will do this. But you can try the TurboTax version for IRS Form 1120 and NC CD405, and then call us at 399-2705 if you become uncomfortable. C Corporations are complex enough to warrant real expertise.  Tax positioning in the future is a main concern, at least for us. For example, 2010 is the last year favorable taxation on dividends exists.  A good CPA tax preparer balanced factors including E&P, AET (which is expected to increase 5%), dividends and shareholder-employee compensation, to help minimize Form 1120 liability in 2011 and beyond. 

IRS Form 1120S

Again, generally, your local Wilmington NC CPA prepares your company’s S Corporation return.  But TurboTax has a Form 1120S version if you want to try it.   You buy another TurboTax module for NC CD401S.  Please consider calling us if you get uncomfortable at 399-2705.  These returns are as complex as Form 1120 and require CPA expertise.  We don’t reccommend retail tax chains on site tax preparation: Jackson-Hewitt, Liberty Tax Service, H&R Block, Zip-Zap etc because they only specialize in IRS Form 1040.

Remember with tax preparation of Form 1120, Form 1120S and Form 1065, it’s not just the current year you’re paying for.  Tax positioning for following tax years is part of our service. 

LLC Tax Preparation

Please see IRS Form 1120S (NC CD401S) or IRS Form 1065 (NC CD403): LLCs are generally taxed as S Corporations or partnerships.  Single member LLCs (SMLLC) can file as a Schedule C company.  So the LLC is more of a legal distinction since tax preparation follows these other forms.  Tax planning varies as each of these taxation methods is so different. Choice of entity warrant a proactive consult with local Wilmington NC CPA firm or attorney. 

Form 1065 Partnership Tax Preparation

IRS Form 1065 and NC D403 for Partnerships require ongoing tax education and probably should be prepared by your CPA Wilmington NC. 

As a Wilmington NC CPA tax prepation firm, we understand many folks can prepare their own IRS Form 1040 using Turbotax.  If you become uncomfortable during that process, please consider calling us at (910) 399-2705.