7.5 Irs Transcripts

• Jurisdiction: United States

7.5 WHAT ARE IRS TRANSCRIPTS?

The IRS is a huge beast that looks out on the world, and upon your client, through special filtered eyes. The filters are called transcripts, and in order to properly evaluate your client's potential for tax discharge you must see your client the way the IRS sees your client . . . through the filter of transcripts.

Tax transcripts⁴⁵⁸ are abbreviated chronological histories. Officially called the IDRS⁴⁵⁹ transcripts, some are fairly easy to read, others consist almost...