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

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222