We want to encourage all clients to enroll in this IRS tracking product by signing and returning the Power of Attorney (POA) form 2848. Simply having the POA on file is FREE to all clients.
Don’t miss out on already having a POA on file with us:
With a POA on file, the IRS Tracking Service is now included in the Gold Maintenance Program!
When you opt in to our IRS Tax Tracking Service, you’ll receive a comprehensive Tax Analysis Report once a year in addition to other benefits:
>> Sample Tax Analysis Report <<
Tax report summary
Shows you what was filed and whether there is a balance due
One analysis is for the Taxpayer and the other is for the Spouse:
> If you always filed Married Filing Joint (MFJ) the reports will be the same.
> If you filed Married Filing Separate (MFS) or Single, then the reports will be different.
List possible changes that could save you money
If the Opportunities lists a first time penalty abatement, we should discuss the cost/benefit of chasing this.
IRS Account Balance Summary
Shows more details from the Tax Report Summary
Look for T, S, B in the first column for filing status (T=Taxpayer, S=Spouse, B=Both)
If there is a T, S for the same year, they are separate returns
“2021 credit balance” in the assessed payment column is your estimated tax payments
Red Flag report
Shows what items have a higher risk of audit
IRS account Status Dashboard
Indicates any action by the IRS on Liens, Collections, or possible Audit (examination)
> Note: Examination may be internal by the IRS and may not turn into an Audit.