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.

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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

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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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Wilmington NC Accountant comments on IRS Tax Preparer Regulations

Wilmington NC Tax Accountant

Gary Bode, CPA: the IRS is trying to protect taxpayers with new regulations on tax preparers

Several of our past posts focus on tax preparer fraud.  The IRS oversight agency publishes a blurb about specific infractions when tax  preparers are convicted.  While some convictions  involve taxpayer collusion, others are obviously manipulative and based on greed.  

New IRS tax preparer regulations are being phased in.  Generally speaking, these new IRS tax preparer initiatives affect non CPA, non tax attorney and non enrolled agents (whew)! 

Phase One

Amid some admitted vagueness, phase one requires all tax preparers to obtain a PTIN (preparer tax identification number).  This helps identify individual tax preparers that previously submitted their work under the umbrella of, say, a national tax chain franchise.  The main focus seems to be on individual federal tax return (Form 1040) errors. 

Phase Two

Phase two will require competency exams, in specific areas of basic Form 1040 tax preparation.  A real service to the public.  Criminal background checks, including electronic finger printing will be required too!

IRS Protecting Taxpayers

The main focus of the IRS is still collecting taxes.  But the new regs are an example of them protecting the public.  In this case from incompetent and fraudulent tax preparers.

 We’re a Wilmington NC CPA firm offering a friendly mix of expertise and customer service.  For a free initial consult, please call (910) 399-2705.

 

Few CPAs disagree with the IRS on these initiatives.  But the IRS caused a lot of confusion with their implementation.  All phases were to be in place last year.  Then initial registration was delayed.   Existing exempt tax preparers had to re-register.   Simultaneously, important issues like the actual tax laws weren’t finalized until December.  

3 comments to Wilmington NC Accountant comments on IRS Tax Preparer Regulations

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