The Internal Revenue Service keeps a database of information. Each set of data is tied to each Tax Identification Number (TIN). The information is then recorded on account transcripts. It displays activity on the TIN for each tax year. If you have an unresolved IRS tax issue, it is recommended that you keep track of what’s on your IRS account transcript. At Tax Defense Partners, we are experts at transcript analysis.
To the untrained eye, account transcripts can be challenging to comprehend and digest. A transcript analysis is a gateway into the IRS’s future and current actions with taxpayers who have a heavy tax burden. This type of analysis provides critical information that is useful for the development of a permanent resolution to a personal or business tax problem.
According to the IRS, account transcripts can be used to validate income and tax filing status during tax preparation, for small business loan applications, for student loan applications, for mortgage applications, and more. Clearly, these transcripts contain useful information, and that’s why you should what the IRS knows about you.
Tax Defense Partners covers the following areas of transcript analysis. They include:
At Tax Defense Partners, our dedicated tax resolution experts have nearly two decades of experience with transcript analysis. We can accurately decipher IRS taxpayers’ history so that our clients are well informed and can take effective steps to resolve their IRS tax matter permanently.
Our transcript analysis solutions include a breakdown of your risk for collection, your IRS payment history, the collection statute expiration date (CSED), any tax liens or levies released or filed, interest and penalties you have accrued, and active IRS demand letters. All in all, you can rest assured that we have the means and expertise to secure your transcripts.
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