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

Hi Gary,


 


Now that we're a few months past filing our taxes, I wanted to send you a quick THANK YOU!!!  We were so overwhelmed with our taxes when we reached out to you and really feel like you were a blessing to us during that stressful time.  Thanks again for all of your help, professionalism, and expertise!


 


Katie Griffin



Katie Griffin

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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Wilmington NC CPA discusses re-institution of the Educator Expense Deduction on Tax Form 1040

Tax Accounting Firm in Wilmington NC

Gary Bode, CPA: If you'd like a free initial consult with a Wilmington NC tax accountant, please consider calling us at (910) 399-2705.

Congress rescinded the Educator Expense Deduction in 2010, then re-instituted it on December 17th!  So, the IRS must update their tax forms, making teachers wait until mid to late February to file Form 1040.  Strange, but true.  The IRS also recommends that teachers E-File to avoid confusion.

As a Wilmington NC CPA, with teachers in the family, I know educators personally provide supplies for their classrooms—even paper and pencils.  Up to $250 of qualified expenses can be deducted on line 16 of tax Form 1040, as an adjustment to Gross Income.  What is the actual tax savings to teachers for the $250 deduction?  It depends on the teacher’s marginal tax rate; in most cases it is probably $62-$75.  This is certainly just a fraction of what teachers actually provide over the year!  But it is token recognition of a deplorable condition and how teachers come through for their students under adverse circumstances. 

We’re a Wilmington NC accounting firm offering a free initial consult with a CPA specializing in tax preparation.  Please consider calling us at (910) 399-2705.

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