The IRS makes transcripts available to both taxpayers and tax professionals, but few are utilizing them to their fullest potential. Incorporating transcripts into your tax preparation practice can assist you in vetting clients, setting proper pricing, preparing returns when information is missing, and preventing surprises from coming back to haunt both you and the client. This presentation will review using transcripts to efficiently onboard your tax prep clients and best practices to simplify the preparation of tax returns and avoid headaches down the road. Unlock a powerful tool to improve your tax prep practice! 

Learning Objectives:

• Summarize how to access Taxpayer Transcripts and utilize software to analyze the information


• Identify how to onboard Tax Prep clients and get the information you need quickly


• Organize the information contained in the transcripts to better screen clients, assist in the preparation of tax returns, and appropriately set pricing for new clients 


• Select transcripts to spot taxpayer omissions early and help your clients avoid problems down the road