Tax Transcripts and Why They Matter

Описание: The best way to find out the tax history of a client is to request transcripts of the taxpayer’s filings for the past several years after the client signs a Power of Attorney (Form 2848) giving the tax professional the right to represent him or her before the IRS.

These transcripts contain a wealth of information (called transaction codes) which enable a trained tax professional (Yours Truly) to determine what happened every step of the way in the processing of the returns and the subsequent collection enforcement actions taken against the taxpayer by the IRS.

Having the training and expertise in reading these transcripts is critical to crafting a strategy to help the client resolve their tax problems.

For questions about this or any other tax topic feel free to email me at [email protected], call me at 203-434-5626 or visit my website at www.bythebooktaxes.net

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