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 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.  "We first selected Gary Bode because of his familiarity with a creative financing scheme for our new small business. During our time with Gary, his insights have helped us better structure our small businesses, save money, and learn to be better small business managers. When it comes to small business accounting, a little hand-holding goes a long way."—Justin and Joelle LeBlancOcracoke Coffee Co. Ocracoke Coffee Co. |
Schedule E instructions don’t completely cover the landlord’s rental property tax reporting obligations. If you don’t have a local rental property CPA, consider calling me for a fee consult at (910) 399-2705. As a rental property CPA I re-read the IRS Schedule E instructions every year. However I mostly keep up with rental real . . . → Read More: Rental Property CPA tax accountant augments the Schedule E instructions | landlord tax issues I’m a cancellation of debt CPA well versed in all aspects of Form 982 and it’s implications. If you don’t have a local cancellation of debt CPA I offer a free phone consult on any Form 1099-C issue. (910) 399-2705. Cancellation of Debt CPAs field all sorts of Form 1099-C and IRS Form 982 . . . → Read More: Cancellation of Debt CPA answers FAQs on Form 1099-C and Form 982 The Form 1120S instructions ignore S Corporation cancelled debt - go figure. If you don’t have a local Form 1120S CPA knowlegable in cancelled debt, consider calling me for a free consult. (910) 399-2705. IRS Form 1120S CPA tax accountants see rental property cancelled debt too. Rental real estate foreclosures and short sales aren’t . . . → Read More: IRS Form 1120S CPA tax accountant discusses rental property cancelled debt for S Corporations | Form 1120S instructions for line 11 of Schedule B | Form 8825 Most IRS CP2000 Notice responses don’t require a CPA. But if yours does, and you don’t have a CP2000 CPA, consider calling for a free consult. (910) 399-2705. IRS CP2000 Notice CPA tax accountants don’t always amend tax returns as a CP2000 response. As I’ll discuss below, an amended tax return Form 1040-X generally . . . → Read More: IRS CP2000 Notice CPA tax accountant discusses aprropriate CP2000 responses and amended tax returns | Form 1040X CPA | IRS audits There’s more to being a cancelled debt CPA than just knowing the Form 1099-C and Form 982 tax reporting rules. For a free consult call (910) 392-2705. Cancelled Debt CPAs don’t really finish on October 15th, the last date for extended tax return submission, like most tax CPAs do. Why? Lots of Form 1099-C . . . → Read More: Cancelled Debt CPA discusses the 2014 Form 1099-C issues for the tax season IRS Form 1099-C CPA tax accountant discusses Form 982 | using IRS Insolvency for HAMP cancelled debtWe’re stuck using IRS insolvency for HAMP cancelled debt 1099-C(s) in 2015. For a free consult call (910) 399-2705. As a Form 1099-C CPA, my composition of calls from potential cancelled debt tax clients is changing; from mostly rental real estate foreclosures and short sales to more requests for help with HAMP tax positioning . . . → Read More: IRS Form 1099-C CPA tax accountant discusses Form 982 | using IRS Insolvency for HAMP cancelled debt The tax reporting rules for rental property cancelled debt sometimes confuses landlords. Preparing Schedule E isn’t enough when you have a rental property foreclosure. I offer a free consult on rental property issues, including Form 982. (910) 399-2705. Schedule E CPAs work with rental property cancelled debt and Form 982 daily. And, of course, . . . → Read More: Schedule E CPA offers tips on rental property foreclosures | rental property cancelled debt | Insolvency and Discharge of qualified real property business indebtedness exclusions on Form 982 |IRS Form 1099-A and Form 1099-C S Corporation cancelled debt is more than just line 11 of Form 1120S Schedule B. For a free phone consult call (910) 399-2705. As September 15th approaches, I’ve received several calls from S Corporation officers and CPAs asking about using Form 982, Reduction of Tax Attributes, with Form 1120S, U.S Income Tax Return for . . . → Read More: S Corporation CPA tax accountant discusses use of Form 982 with Form 1120S | Schedule B line 11 of Form 1120S page two | Form 1120S cancelled debt Folks complain to me about the Form 982 instructions. Maybe this post will help clarify. I offer a free phone consult on cancelled debt. (910) 399-2705. As a Form 1099-C CPA tax accountant I often hear frustrated Folks state the IRS Form 982 instructions are too complex. Here’s a tip. For people, as opposed . . . → Read More: Form 1099-C CPA tax accountant augments the IRS Form 982 instructions | tax reporting for debt canellation I’ll address common misconceptions about cancelled debt tax reporting, Form 1099-C, Cancellation of Debt, and Form 982, Reduction of Tax Attributes. I offer a free debt cancellation consult. (910) 399-2705. As a Form 982 CPA I’ve talked with hundreds of Folks dealing with a Form 1099-C, Cancellation of Debt, so far in 2014. Probably . . . → Read More: IRS tax Form 982 CPA tax accountant discusses Form 1099-C, Cancellation of Debt |
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