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 Testimonials

I had a 1099-C for about $135,000. My husband didn't have any withholding on Social Security. His employer couldn't withhold due to incompetence. I felt utter dread wash over me. Memories of owing the IRS before were constantly on my mind. I called a local CPA. Besides being clueless, he wanted to charge me for every question I had about insolvency. I looked on line and found little hope of the countless stories of permanently disabled people like myself getting their student loans forgiven only to be asked to pay taxes on it as if it were income.
Somewhere, somehow, I find an article by Gary Bode. I bookmarked it for when it's time to do the actual taxes. With his excellent help in how to do all of this out of a virtual office I get my part of the work done. My questions got answered, for free. I give a retainer, do what I said I did and wait. I hear from Gary. I go into shock! How can this be? Not only do I not owe on the 135,000....Gary itemizes and after paying what was almost nothing in taxes we get $950.00 back! No more hubby doing the taxes online! I will use Gary Bode as long as he will agree to work with me!
It was so easy, no worries, but professional and top notch. I know I have thanked you Gary but I am so grateful. Thank you ever so much again!

Carla Bray

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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Rental Property CPA suggests sources of help on Form 8825 and Schedule E

Gary Bode, CPA: lots of help exists. But if you need a professional, consider calling us for a free phone consult. (910) 399-2705.

As a Rental Property CPA, I field lots of calls on Form 8825 and Schedule E. But for the new repair and capitalization rules (in the 2013 tax season), the only source of information is the Internal Revenue Bulletin 2012-14, TD 9564. But even then you’d need experience in depreciation calculations. Some rental property owners essentially face a change in their accounting method. Ouch.

But for other rental property issues for Form 8825 and Schedule E, many forms of help exist:

  • The IRS’ Passive Activity Loss Audit Technique Guide. IRS agents use it to set up audit protocols. It’s online and has a great section on passive activity rules. I think most rental property CPAs read this just to prevent audits and then see what the playing field is like if our clients are audited. It’s a good source of info for anyone preparing Form 8825 or Schedule E.
  • Schedule E and Form 8825 themselves. It may seem strange, but some folks become concerned even before they look at the forms!
  • IRS Instructions: even rental property CPAs read these. And the IRS presents some good examples too.
  • Bookstores: there’s annual tax book that present good information.
  • Tax research databases: your local University probably subscribes to at least one.
  • Seminars: not always the best route.
  • Internet: be careful. Even our website has disclaimers, not so much for accuracy, but how you’d apply the information to your specific situation.

If all that doesn’t work, try us for a free phone consult. We try to be genuinely helpful and don’t sell you our services. But of course some consults result in new clients; after all rental property tax returns get complex. We have a virtual office to serve you wherever your rental property is located. (910) 399-2705.

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