What’s an IRS Account Transcript?
The IRS keeps a database of information regarding each Tax Identification Number (TIN). The information is recorded on Account Transcripts, that show activity on the TIN for each tax year.
What is Transcript Analysis?
To the untrained eye, these Account Transcripts can seem to be in a different language. With over 18 years of experience with transcript analysis and will decipher your IRS taxpayer history so that you are well informed and can take the necessary steps to resolve your IRS tax matter. Our Transcript Analysis service includes a breakdown of active IRS demand letters, penalties and interest you’ve accrued, any tax liens or levies filed or released, the Collection Statute Expiration Date (the Government’s right to pursue timeframe), your IRS payment history and if you are at risk for collection.
How can a Taxpayer of obtain their IRS Transcript (or Tax Record of Account?)
Anyone can obtain their taxpayer transcript from the IRS government website, however, obtaining it quickly and deciphering it can be complicated. The best course of action is to obtain your transcript with the help of an experienced tax expert. With your authority, a certified tax professional will immediately pull your record and inform you of what the IRS is most likely to do next regarding your tax problem.