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 became totally and permanently disabled after a working for 44 years. I returned to college late in life (while working full-time) to fulfill my dream of becoming an RN and at that time found it necessary to secure student loans. Three years after being declared totally and permanently disabled my student loans were discharged. In January 2013 we received a 1099-C form declaring said student loans that were discharged however that amount could be considered as income for 2012. This was a large amount of money and we live on two pensions and social security income.

I started looking on the internet for information regarding 1099-C and felt that this was something that we could not handle alone. I made phone calls locally to a very reputable tax group in a city near us and they said it would cost $500 for an appointment and that they really prefer to do corporate taxes and they referred me to a local person who had worked for them at one time, we called and explained the situation and an appointment was made and then the comment was made that "I will have to do some research on this" and flags immediately went up and we called back and cancelled that appointment. I had been researching the IRSwebsite and every place else I could think of and I was not comfortable doing our own taxes this year. We called another local tax preparer that we had used in the past and made an appointment, however prior to the appointment, while still seeking information regarding our situation,

I came across a website for Gary l. Bode, MSA, CPA, PC in Wilmington, NC. I called Mr. Bodeand explained our situation and asked if he could help. He spoke very knowledgeably regarding the situation and stated that yes; he felt he could help us. As Mr. Bode was in North Carolina and we were in New York I scanned all of our documents including back-up documents for all of our claims and forwarded all to him. Mr. Bode kept in touch with us via email; we have spoken on the telephone several times and have become very comfortable with his knowledge and professionalism. Also, as I am a true "worrier" I have continued looking into information regarding our tax situation and I came upon another web page for Mr. Bode that included testimonials which spoke of his experience with this type of tax situation as it became prevalent during the recession. This reinforced in our minds that we had made the right decision in hiring this person as our tax preparer.

I share all of this as our taxes are now ready to be filed (we do owe tax for 2012 but not the astronomical figure we thought we were facing), and we are confident that they have been prepared with the utmost care by a gentleman who has an excellent working knowledge of the situation we faced and the tax laws that were applicable to said situation.

 

Bill and Carol

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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 CPA Firm comments on Interesting IRS Issues in March

CPA Wilmington NC comments on IRS issues

Gary Bode, CPA: we follow IRS developments as part of the job. If you'd like a free initial consult with a Wilmington NC CPA and tax accountant, please give us a call at 399-2705.

As many Americans are in the middle of tax preparation, the IRS had some interesting developments.

$1.1 Million Paid to Enron Whistleblower

The IRS Whistleblower program hasn’t been all that active. Our previous post on the subject delineated how the IRS can pay you 15% of taxes discovered by your tip. I think the IRS Whistleblower program hasn’t been more successful because Americans typically don’t tattle, the rewards are vaguely defined and the process takes a lot of time to percolate through the IRS system.

But it did pay an anonymous Wall Street type $1.1 Million for an Enron whistle blowing tip. Enron and similar scandals like Madoff typically are treated as white collar crime. We instinctively cringe when a street thug robs someone at knifepoint. But folks who steal millions from thousands often get a slap on the wrist. So, this is a good example of a positive result from an unpopular IRS program. And an example of how the IRS sometimes actually helps protect taxpayers, in this case from fraud.

IRS Internal Controls Reported as Problematic

Per an article in Accounting Today: Specifically, the IRS did not consistently implement controls that were intended to prevent, limit, and detect unauthorized access to its financial systems and information, the GAO found. For example, the agency did not sufficiently restrict users’ access to databases to only the access needed to perform their jobs; secure the system it uses to support and manage its computer access request, approval, and review processes; update database software residing on servers that support its general ledger system; and enable certain auditing features on databases supporting several key systems. In addition, 65 of 88—about 74 percent—of previously reported weaknesses found in earlier GAO audits remain unresolved or unmitigated.

I think this is probably typical for any government agency. While it sounds bad, implementing such changes is difficult while keeping the IRS up and running. And, these very same internal controls make it harder to get information from the IRS. They have everything so compartmentalized; no single person seems to be able to access everything I would expect if it was a private company. As a Wilmington NC CPA, I think I understand how remarkable the IRS in all its ability. That might be an unpopular opinion. But you have to respect their effectiveness in light of the obvious enormous challenges it faces.

IRS Subcontractors were paid despite Owing Taxes

The IRS doesn’t handle everything internally. A scandal has developed concerning the fact the IRS paid these folks $356 Million while these subcontractors owed $3.8 Million in back taxes. OK. But the subcontractors know how to work the system and keep those back taxes in dispute.

We’re a CPA firm in Wilmington NC. Why do we track IRS developments? Just part of our job to follow IRS regulations as they develop. Tax Court cases help us gauge where a tax loophole may develop and/or close. Tax regulations evolve as more taxpayers contest, exploit or abuse them. Since we stay in tune with the IRS, lots of stories like the above come our way. If you’d like a gratis initial consult, please consider calling us at (910) 399-2705. With the Internet and cell phones, we can represent you even if you aren’t lucky enough to live in the Wilmington NC area. We offer tax preparation, both personal and business.

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