Tax Account Transcript Review

Tax Account Transcript Review

A taxpayer or their representative may request an IRS Account Transcript for most returns. The transcripts contain information on the financial status of a taxpayer account, such as payments made on the account, penalty assessments, and adjustments made by the taxpayer or IRS after the return was filed. Return information is limited to items such as tax liability and estimated tax payments. We can review this information for various tax years to determine whether a balance is owed, what actions have been taken by the IRS, when your liability was assessed, whether the IRS sent your Intent to Levy Collection Due Process notice, whether a Form 900 Waiver was signed and when the statute of limitation for collection will expire. If you are a non-filer, this will tell us whether the IRS filed a Substitute for Return – the IRS version of your unfilled tax return.