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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. |
I’m a rental real estate CPA with lots of experience with Form 8825. The Form 8825 instructions cover only a few rental property tax issues. For a free consult please call (910) 399-2705. Your Form 8825 CPA probably reads the Form 8825 instructions every year. I do, at least. But I also look for . . . → Read More: Form 8825 CPA discusses the Form 8825 instructions | Form 1120S and Form 1065 | rental real estate 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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