Webinar Instruction will be emailed on your registered email address 3 days prior to webinar | Web Download / e-Transcript will be shared in 7 working days from the date of webinar
The IRS’s Integrated Data Retrieval System is a massive computer system that logs billions of data entries for hundreds of millions of business and personal taxpayers every year. That massive system is broken down into several separate accounts which store vital taxpayer information on a year-by-year basis. One of the most important first steps to successfully representing taxpayers before the IRS, or even to preparing current tax returns, is to get the client’s internal transcripts.
The problem is that are several internal transcripts that present various data. One must understand which transcripts to obtain depending on the information needed. But that’s only half the battle. Master File transcripts are heavily coded. Unless one understands the codes, there’s no way to make sense out of the transcripts. This webinar presents solutions to all these challenges.
We identify the various Transaction Codes used in the IRS’s Individual and Business Master File systems, and how to read and interpret those codes. And we address the IRS’s very obscure “mirrored transcript” which is created in innocent spouse and bankruptcy cases. Finally, we address the use of transcripts in calculating critical tax bankruptcy discharge eligibility dates.
The information you’ll learn in this Session will unlock the door to vital and indispensable information that the IRS keeps on your clients, which you absolutely must have access to if you’re going to be effective in your job.
Credits and Other information:
Who Will Benefit:
Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Credits and Other information:
Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.