Gary L. Bode, CPA
@GaryLBode_CPA
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When it comes to your taxes, we speak English not Financialese!
Joined February 2012
10 SMART END-OF-YEAR TAX MOVES Due to tax reform changes, it’s more important than ever to plan for the upcoming tax season. And it is not too late to take some of the following smart end-of-year moves suggested by Intuit senior tax analyst Mike...
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MAJOR LIFE EVENTS THAT AFFECT YOUR TAXES This year is coming to an end, and there’s one thing we can all agree on: 2018 was significant not only for tax practitioners but taxpayers as well. And while your CPA was making heads or tails of the...
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MAJOR LIFE EVENTS THAT AFFECT YOUR TAXES This year is coming to an end, and there’s one thing we can all agree on: 2018 was significant not only for tax practitioners but taxpayers as well. And while your CPA was making...
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IRS WARNES OF PHISING EMAILS The Internal Revenue Service and Security Summit are warning the public of fraudulent emails which claim to be providing information on tax...
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DECIDING BETWEEN A ROTH VS. TRADITIONAL IRA Both accounts offer ways to save for retirement, but is a Roth or traditional IRA better? If you are looking to boost your retirement...
money.usnews.com
Before you contribute to an IRA, consider future tax brackets, withdrawal rules and the long-term benefits for heirs.
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MEALS AND ENTERTAINMENT EXPENSES FOR 2018 The Tax Cuts and Jobs Act of 2017 has made significant changes to the deductibility of business meals and entertainment starting in 2018. At a high level,...
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The new QUALIFIED BUSINESS INCOME deduction New Sec. 199A, enacted by P.L. 115-97, known as the Tax Cuts and Jobs Act...
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ROLLOVER FOR BUSINESS STARTUPS - ROBS: The Ultimate Guide A rollover for business startups (ROBS) is a way to invest funds from your retirement account — like a 401(k) or individual retirement account (IRA) — into...
fitsmallbusiness.com
A ROBS can give you tax and penalty-free access to your retirement accounts for business funding. Find out here if a ROBS works for you.
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Discharged Student Loan Debt No Longer Taxable Under New Tax Law Among its many other provisions, the newly enacted Tax Cuts and Jobs Act offers significant tax savings for people forced to default on their...
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This tax season, there’s good news for people struggling with debt. Under a new IRS rule, people will no longer be squeezed for taxes just because an old debt has gone unpaid. Before coming to that, however,...
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Please help this Wilmington business to recover from the hurricane. Both locations are owned and operated by kind and hardworking local family. They have over 30 employees depending on them. Donate if you can, support...
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Please help this Wilmington business to recover from the hurricane. Both locations are owned and operated by kind and hardworking local family. They have over 30 employees depending on them. Donate if you can, support...
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GET YOUR TAX WITHHOLDING JUST RIGHT OR HOW TO TELL IF YOUR WITHHOLDING IS WRONG AND WHAT TO DO ABOUT IT (Form W-4) The IRS doesn’t want to wait until the end of the year to collect taxes from you. It wants...
thebalancemoney.com
Form W-4 lets your employer know how much income tax to withhold from your paycheck. You can provide additional information to increase or reduce withholding.
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TAX REFUND GOT YOU EXCITED? DON'T COUNT ON IT IF YOUR STUDENT LOANS ARE IN DEFAULT Jamie McKnight, 35, a mother of two, filed her federal tax return in late January,...
usatoday.com
The federal government seizes refunds for student loan borrowers whose debts are in default. Those refunds typically were funded through an anti-poverty program.
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Social Security myths that could affect your retirement Social Security is expected to be a major source of retirement income for baby boomers, 50 million of whom will turn...
cnbc.com
How well you understand the ins and outs of Social Security entitlements could make a big difference in how much you receive over your lifetime.
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