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 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 real estate CPA discusses how to obtain IRS information | Form 4506-T instructions

rental real estate CPA. Form 4506-T instructions

Your rental real estate CPA often needs to see what the IRS has on file for you. Form 4506-T is the only way to get a wage and income transcript. And the 4506-T instructions are easy to follow. For a free consult cal (910) 399-2705.

Every rental estate CPA has a new problem; the IRS Get Transcript tool on the IRS website got hacked in 2015 and generated thousands of fraudulent tax returns with refunds going to the hackers. So no reasonable person would use that tool now. It had problems anyway. For example it said I wasn’t me. But after some reflection I felt they were in error. And the IRS stopped offering tax transcripts at the local offices. I lost a Client because even though I filed 4506-T according to the Form 4506-T instructions, Form 4506-T, Request for Transcript of Tax Return, was denied. It’s possible that she was a scam artist but I spent a lot of time with her. I think the IRS just made a lazy mistake.

“An IRS wage and income transcript gives the rental real estate CPA all the information the IRS has on you.”
– Gary Bode, rental real estate CPA

IRS transcripts are available by tax year. And they’re not always complete. For example I’m working a case now where the Client received four 1099-C(s), all with the same date, and her IRS transcript only lists three.

If we’re working a back tax case, for example, where the taxpayer hasn’t filed returns, original documentation is often missing. And gathering it from original issuers is time-consuming. Sometimes we can’t rely on the taxpayer to even know all the sources of original documentation. So, after authorization from the client, in the approved IRS manner, we obtain transcripts to see what the IRS has on file by using Form 4506-T. We have to charge extra for that. Form 4506-T uses valuable tax defense time. That’s a real problem for folks who’ve already exhausted the IRS timeline.

The plus side of 4506-T instructions? The average tax payer can understand them.

“If you’re married both spouses must file a separate IRS Form 4506-T. Sometimes, during a divorce or separation you can’t file jointly and filing with Married Filing Separately status, I think, an IRS red flag.”
– Gary Bode, rental real estate CPA

IRS transcripts are seldom complete. They include most sources of income, like W-2s from employers, Form 1099-C, Cancellation of Debt, Form 1099-INT from banks, Form 1099-MISC, etc. Plus things like Form 1098 reporting your mortgage interest paid for the year, information from Health Savings Accounts, Educational Expenses paid, Student Loan interest paid, etc. Let’s look at an example. If you receive a Form 1099-MISC for income received as a rental real estate subcontractor, the IRS also receives a copy. This is part of their revenue matching program that helps close the tax gap; that’s what the IRS calculates America make as income and what taxpayers actually report as income.

Your rental real estate CPA can file Form 4506-T but since the 4506-T instructions are so easy I recommend you do it your yourself and save fees. Form 4506-T and the 4506-T instructions are one of the few examples where the taxpayer can fully understand the IRS obligations.

If you’d like a free initial consult, please consider calling us at 399-2705. The CPA license is national and our virtual office makes use easy to deal with regardless of your location or your rental property location.

Why am I rental real estate CPA? Well I managed a 52 unit apartment complex during graduate school. I was the staff tax accountant for a large construction company. I was controller for a real estate developer with over 30 partnerships. I have rental real estate in my extended family. And, unfortunately, rental real estate cancelled debt became a specialty for me.

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