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Finance
Understanding IRS Transcripts: Key Insights and Analysis

Course Description:

This course equips tax professionals with critical skills to interpret IRS transcripts, which provide a comprehensive record of taxpayer activity by Tax Identification Number (TIN). Participants will learn to analyze key transcript types - including Account, Return, Wage & Income, and Record of Account transcripts - to review filing histories, identify IRS actions, and detect compliance issues. The training focuses on decoding Transaction Codes and IRS notations to enhance case resolution strategies, verify return accuracy, and develop actionable client plans. Essential for effective tax representation and proactive planning.

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Learning Objectives:

  1. Interpret key IRS transcript types (Account, Return, Wage & Income, and Record of Account)
  2. Decode frequently encountered Transaction Codes (TCs) and their implications
  3. Request IRS transcripts through proper channels and procedures
  4. Generate analytical reports from transcript data to identify compliance issues
  5. Apply transcript insights to tax resolution and planning strategies

 

Key Learning Outcomes:

1.IRS e-Services Tools

  • Transcript Delivery System (TDS) navigation
  • Secure transcript request protocols

2.Critical Transcript Types

  • Account, Return, and Wage & Income transcripts
  • Record of Account compilation

3.Key Information Returns

  • Form W-2 (Wage Verification)
  • Form 1098 (Mortgage Interest)
  • Form 1099 Series (INT, B, etc.)

 

Credits and Other information:

  • Credit: 1.5 hours (Taxes)
  • Level: Basic
  • Format: Live online webinar
  • Duration: 2 hour
  • Requirement: Full attendance
  • Prep: None needed

Who Will Benefit:

  • CPA
  • Enrolled Agents (EAs)
  • Tax Professionals
  • Attorneys
  • Other Tax Preparers
  • Finance professionals
  • Financial planners

Speaker: Marc Dombrowski, EA

Marc Dombrowski is an Enrolled Agent specializing in IRS/state tax resolution, including collections cases, settlements, lien releases, and corporate officer assessments. With over 25 years of lecturing experience, he is a recognized educator who has received both the NAEA President’s Award and Excellence in Education Award.

A frequent speaker for state EA societies and NATP, Marc has presented at all levels for the National Tax Practice Institute. His expertise has been featured in CNBC, The Wall Street Journal, and the EA Journal. He currently develops CE content through Tax Practice Pro and serves as a FINRA Arbitrator.

 

Reading: Ut enim ad minim veniam

14 minutes 2 questions

Video: Greetings and introduction

15 minutes

Audio: Interactive lesson

7 minutes 3 questions

Reading: Ut enim ad minim veniam

22 minutes

Reading: Ut enim ad minim veniam

14 minutes

Video: Greetings and introduction

15 minutes

Audio: Interactive lesson

7 minutes 2 questions

Reading: Ut enim ad minim veniam

22 minutes

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  • Eleanor Fant

    July 14, 2022

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  • Shahnewaz Sakil

    July 17, 2022

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Overview:
  • Speaker : Marc J. Dombrowski
  • Duration :60 Minutes
  • Date :07/25/2025
  • Time :

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