The IRS keeps records of returns filed, third party information reported them, i.e. W-2's, 1099's, 1098's, status of payments made, what collection status the taxpayer is in and what the taxpayer has done on the account. These transcripts sometimes are hard to interpret with all the IRS codes and specific numbers they use. In almost every tax resolution case it is important before looking for a resolution to see what exactly is going on so the proper plan to resolve the matter is executed.
For example, at Carr Law, we will contact the IRS and verify the years unfiled, the years owing, whether there have been Substitute for Tax Returns "SFR" filed by the IRS, the collection statute expiration date "CSED", and what items the IRS is missing and what status of collection, if any, is the IRS at with the case. We can accomplish all this through a Transcript Analysis which, once completed, will allow us to provide a detailed game plan of how to deal with your tax problem in the most efficient manner. Contact Carr Law today to get a transcript analysis.