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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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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