Taxes

Tax transcripts

I recommend, but do not require, that tax clients allow me to get a tax transcript from IRS to check the data that IRS has reported to them vs. the data that we have available from our own sources. This procedure adds to the cost of service but catches many errors and avoids IRS trouble later.

A transcript is a report of all transnational data the IRS has about you from its  other reporting sources.

Sometimes it really pays off: today I found information in a tax transcript report that will save my client thousands of dollars in taxes.

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