|
||||||
|
Gary Bode, CPA: the IRS allows you or your company to deduct Ponzi scheme losses. For a free phone consult, please call 399-2705. Ponzi scheme losses are tax-deductible through Section B of Form 4684. Ponzi scams siphon off later investment funds to pay distributions and withdrawals to earlier investors. Typically, no true investment is ever made. . . . → Read More: Form 4684 CPA explains how to deduct Ponzi scheme losses on Section B of Form 4684 Gary Bode, CPA: we always prepare Schedule A during tax preparation. Why? So we can determine if itemizing reduces your tax liability. For a free initial phone consult, please call 399-2705. Schedule A calculates your itemized deductions on IRS Form 1040. It’s a typical IRS tax form: six sections, each with their own rules. . . . → Read More: Schedule A discussed by CPA Accounting Firm in Wilmington NC | Itemized Deductions Gary Bode, CPA: We understand divorce tax issues. For a free initial phone consult, call 399-2705. Divorcing? Every CPA sees harsh divorces that culminate in higher aggregate taxes paid to the IRS and NC. Why? Because, in the last calendar year before the final divorce decree, acrimony causes some couples to file using the . . . → Read More: Divorce Issues with Form 1040 Tax Preparation discussed by a Wilmington NC CPA | Married Filing Separately Gary Bode, CPA: the IRS inadvertently made this issue more complex by expanding the Standard Deduction. If you wander out of your comfort zone during tax preparation, consider giving us a call for a free initial consult at 399-2705. During Form 1040 tax preparation, you can choose to use the IRS Standard Deduction or . . . → Read More: CPA in Wilmington NC comments on Standard Deduction vs. Itemized Deductions | Schedule A |
||||||
|
Copyright by Gary Bode, CPA © 2011 Gary L. Bode, MSA, CPA, pc -Disclaimers- All Rights Reserved |
||||||
