This course is a live and virtual presentation designed to equip tax professionals how to read and analyze tax transcripts with the aim of identifying and resolving matters on a client’s tax account.
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12-hours of IRS Continuing Education Units (CEU)
Setup an e-services account
Tools to offer Tax Refund Recovery Services
How to call the IRS Practitioner Priority Line
Identify transaction codes on Account Transcripts
Wage and Income Transcripts and Record of Accounts
How to get client’s into filing compliance
Filing missing tax returns and amendments
Address Under-reporter issues
Resolve unposted tax returns
Offer “assisted DIY” services to clients
Tax payer Advocate for assisting your clients.
You will earn 12 Continuing Education Credits (CEUs) upon successful completion of the course.
This course represents tax professional content that has been approved b the Internal Revenue Service.
This workshop welcomes both credentialed and non-credentialed tax preparers.
Register now to get early bird pricing of $299!
Our general registration covers event participations fees, course materials, as well as lunch and refreshments.
Maximize your investment and receive additional guidance and business consulting and future discounts.
Introduction
What is Tax Refund Recovery?
Order of the workshop
Gear Prep Essentials
E-services Overview: E-file application, delegate users, SOR mailboxes, CAF number
Resources overview: Efax, phone service, technology.
Introduction and overview to the form 8821
Introduction and overview of form 2848 and form 56
Introduction to The Search
Making calls to the IRS through Practitioner Priority Service Line
Various departments at the IRS
Call workflows and best practices
Calling with 8821, Checkbox, and verbal authorizations
Common requests and what to ask for
Requesting transcripts and transcripts overview
Discussion of transcript types
Reading and analyzing transcripts
Reviewing the Account Transcript
Unpacking transaction codes
Unpacking transaction codes
Analyzing Wage and Income Transcripts.
Introduction and overview to each tax form in wage and income transcripts
Introduction and overview to each tax form in wage and income transcripts cont.
Reading and analyzing the Record of Account
Introduction to The Rescue
Filing missing tax returns
Preparing amended tax returns
Case Study: Missing W-2
Case Study: Missing 1099-R
Case Study: Missing 1098-T
Case Study: Missing 1099-NEC
CP2000s and AUR Reconsiderations
Exams and Audit Reconsiderations
Overview of various resolutions: Penalty Abatements, Injured Spouse, RIVO, TPP, etc
Taxpayer Advocate
Appeals and RSED exceptions
Closing
