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 had a 1099-C for about $135,000. My husband didn't have any withholding on Social Security. His employer couldn't withhold due to incompetence. I felt utter dread wash over me. Memories of owing the IRS before were constantly on my mind. I called a local CPA. Besides being clueless, he wanted to charge me for every question I had about insolvency. I looked on line and found little hope of the countless stories of permanently disabled people like myself getting their student loans forgiven only to be asked to pay taxes on it as if it were income.
Somewhere, somehow, I find an article by Gary Bode. I bookmarked it for when it's time to do the actual taxes. With his excellent help in how to do all of this out of a virtual office I get my part of the work done. My questions got answered, for free. I give a retainer, do what I said I did and wait. I hear from Gary. I go into shock! How can this be? Not only do I not owe on the 135,000....Gary itemizes and after paying what was almost nothing in taxes we get $950.00 back! No more hubby doing the taxes online! I will use Gary Bode as long as he will agree to work with me!
It was so easy, no worries, but professional and top notch. I know I have thanked you Gary but I am so grateful. Thank you ever so much again!

Carla Bray

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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No 2011 W-2? A CPA explains what to do! | Form 4852

wilmington nc CPA form 4852

Gary Bode, CPA: make every attempt to obtain a W-2 before using Form 4852. For a free phone consult, please call 399-2705.

CPAs field calls from frustrated folks who can’t get a W-2, usually from a former employer. Sometimes just contacting the employer’s payroll department works. Generally, there’s a legitimate snafu, like a new address. But remember, it’s illegal to withhold a W-2.

Form 4852 to the Rescue

Form 4852 is a self-produced, substitute W-2. But it’s a last resort. Be sure to exhaust all avenues to get an original or corrected W-2 first. I’m sure the IRS uses Form 4852 to identify employers breaking the law.

Potential Form 4852 Problems

Generally, Form 4852 is produced using the last pay stub of the year. But, sometimes the figures on Form 4852 can’t be 100% accurate. I think the IRS is tolerant of a few bucks here or there when an employee can’t obtain a W-2. But there are limits. If the IRS disagrees with the figures on Form 4852, you will have to amend your tax return. When CPAs amend the return, we generally include an explanation of how the figures were calculated. This helps build in a defense against possible reporting penalties.

I’m a Wilmington NC CPA with a virtual office to serve long distant clients. For a free phone consult, please call (910) 399-2705.

2 comments to No 2011 W-2? A CPA explains what to do! | Form 4852

  • George

    Hello,

    I’ve looked at your website from specific topics. My direct question is: If I had exempt income for 4 years, and did not meet the defined obligation to file because I did not receive any “taxable income”, why should I file a 1040 and if you recommend filing a 1040 for those 4 years, on which line do I declare “exempt” income?

    Thanks for your time,

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