Course Description:

The IRS maintains a detailed record for every Tax Identification Number (TIN), capturing data across various tax years. This information is stored in different types of transcripts, with Account Transcripts showing the activity tied to a specific TIN. The type of transcript requested determines the scope and detail of the tax information displayed. 

For tax professionals, IRS transcripts are a powerful tool. They provide a window into both the taxpayer’s actions and the IRS’s responses — offering insights into past filings, current account status, and potential future developments. Mastery of transcript analysis is essential for effective tax resolution and can be equally valuable during tax return preparation. 

In representation work, understanding how to accurately read and interpret IRS Account Transcripts is non-negotiable. Other key transcript types include the Return Transcript, Wage and Income Transcript, and the Record of Account Transcript (a combination of the others). Yet many practitioners struggle with decoding Transaction Codes and interpreting IRS notations. Transcripts tell the full story of a taxpayer’s journey through the IRS system. They not only explain how a client arrived at their current situation but also serve as a critical guide to shaping the case strategy moving forward.

This course covers the following Major Topics:

• Transcript Delivery System (TDS)

• Transcript Types 

• Form W-2 Wage and Tax Statement

• Form 1098 Mortgage Interest Statement

• Form 1099-INT

• Form 1099-B Proceeds from Broker and Barter Exchange Transactions

(Learning Objectives:

• To review the basic transcripts.

• To analyze the most common Transaction Codes (TC).

• To explain how to request IRS Transcripts.

• To discuss various IRS transcripts analytical reports. 

Credits and Other information:

• Recommended CPE credit – 2.0

• Recommended field of study – Taxes

• Session Prerequisites and preparation: None

• Session learning level: Basic

• Location: Virtual/Online

• Delivery method: Group Internet Based

• Attendance Requirement:  Yes

• Session Duration: 120 Min

Who Will Benefit:

• CPA

• Enrolled Agents (EAs)

• Tax Professionals

• Attorneys

• Other Tax Preparers

• Finance professionals

• Financial planners

Speaker: Marc Dombrowski, EA

Owner, Tax Help Associates

Marc J. Dombrowski, EA specializes in IRS/State Collections Cases, settlements with the IRS, Tax Lien Releases and Corporate Officer Assessments.  He has lectured since 1994 on advanced collection topics. As an Enrolled Agent, he is licensed to practice before the IRS in all 50 states. He received the NAEA President’s Award for his contributions to the practitioner community.

As an educator, he received the NAEA’s Excellence in Education Award. He is a former contributor to CNBC, the NAEA's EA Journal and the Wall Street Journal Online. He is a Level I, Level II, Level III and Graduate Level instructor with the National Tax Practice Institute. In addition to several Chapter EA speaking engagements, he has spoken for the NYS Society of EA's, CA Society of EA’s, Florida EA Society, Missouri Society, NJ Society, Tennessee, Washington, Arizona, Michigan, Georgia, Louisiana, New England EA’s, Utah EA Society, NATP and the Ohio EA Society's Annual Convention(s).  He has collaborated with Tax Practice Pro to provide several Collections Webinars and Podcasts that qualify for Continuing Education on IRS and State Collection Topics. Marc is also a FINRA Arbitrator.