We Prepare Tax Returns!

We prepare most type of tax returns:


S Corporation.

C Corporation.




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.

Pay Your CPA

Enter $ Below
Other Amount:
Your Email Address:

Internet Sales CPA discusses IRS interest in E-Commerce |Audit Technique Guide (ATG) Form 1099-K

interner sales CPA

Gary Bode, CPA: Form 1099-K isn't the only weapon in the IRS' e-commerce arsenal. (910) 399-2705.

Online and Internet sales CPAs have a new source of information on how the IRS audits e-commerce companies. The IRS publishes their own Audit Technique Guides. So, your Internet sales CPA knows what they’ll look for on your tax return and can proactively prevent red flags. And, if there is a red flag, I explain the underlying circumstances. Up to now, States waged the e-commerce war to target internet sales reporting, trying to insure collection of sales and use tax.

IRS Form 1099-K

As an Internet sales CPA, I noted most clients received a Form 1099-K in 2012, which summarized their credit card sales by month. Pay Pal too by the way. The IRS extended deadline for Form 1099-K to 2013, I believe most tax returns will use it in 2013; there won’t be any further extension. Form 1099-K is an income matching document reporting your credit sales to both you and the IRS. Pretty clever, especially when the cost of compliance falls on the credit card companies and Pay Pal.

Other sources of E Commerce Income

As an Internet sales CPA I expect the IRS will also look at:

  • Advertising Income.
  • Internet auctions and bartering. E-Bay has been problematic for the IRS for years.
  • Tip jars. For example, I use Word Press plug-ins on my website. They’re free, but I support them through donations. While I can’t deduct those donations, these small plug-in companies have to declare these donations as income.
  • Sales of Customer lists.
  • Referral fees.

Will there be new questions on your 2012 business tax return?

Probably. Note the IRS now asks if you made payments that required a Form 1099-MISC. This caught some folks taking money under the table as subcontractors. Even if the company doesn’t mind paying under the table, it doesn’t want to commit a felony lying about it. Here are other questions I think the IRS will ask eventually:

  • Unreported income from foreign customers?
  • Advertising income from ads on your site?
  • What other non credit card payments do you accept?
  • What websites do you own?
  • Do you sell items to other online businesses?

I’m an Internet sales CPA that deals with e-commerce. We have a virtual office to serve you wherever you live. For a free phone consult, call (910) 399-2705.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>