Beyond the IRS transcripts that are made readily available is another type of transcript, the TXMODA. The TXMODA is an important part of a Tax Professional’s toolbox, allowing you to pull back the curtain and see behind the scenes at the IRS. Obtaining and understanding the TXMODA transcript will assist your clients by revealing the secret details of IRS activity.
Obtaining the Statutes of Limitations (CSED, RSED, & ASED).
Revealing Transaction Codes (TCs) not visible on regular IRS transcripts.
Tracing Case History including Tolling Events, Collection Activity, & Notice Activity.
Potentially Uncover Criminal Investigations.
TXMOD transcripts are complicated to read, understand and properly utilize in advocating for your client. This presentation will cover the basic concepts in obtaining, interpreting, and analyzing TXMOD transcripts (specifically the TXMODA for individuals). Don’t miss out on your chance to unlock the Secret IRS Transcript!
Understand the IRM provisions allowing Tax Professionals to request and receive the TXMOD.
Understand the data contained in the TXMOD and how it differs from regular IRS account transcripts.
Understand how to read and analyze the data, including Transactions Codes, Closing Codes, & Action Codes.
Understand the best uses of the TXMOD and how you can use them to advocate for your clients, including disputing the CSED to save your client money.
About the Instructor
Roger W. Nemeth, Enrolled Agent and NTPI Fellow
Roger is a nationally recognized speaker who in the past year has presented to over 30,000 attendees from the National Association of Enrolled Agents (NAEA), Connecticut Bar Association (Bankruptcy Conference), American Society of Tax Problem Solvers (ASTPS), American Academy of Attorney-CPAs (AAA-CPA), California Society of Enrolled Agents (CSEA) and numerous other regional events. Roger is considered by many to be the nation’s leading expert on IRS transcripts and how to interpret the data. Roger revolutionized the tax resolution industry in a time when many were being investigated and shut down due to their failure to handle the complex tax issues that exist. Roger invented the IRS Transcript Report Analysis industry in 2009 when he quickly realized tax professionals were analyzing raw IRS data manually one taxpayer and one year at a time. In 2013 Roger launched Tax Help Software which quickly became the go to solution for tax professionals and bankruptcy attorneys. Every year Roger educates thousands of tax professionals across the country on how to analyze IRS transcripts. The THS Bankruptcy Seminar is Roger’s most advanced education session created to date. He created this seminar in a way that would allow the attendees to truly understand the concepts and do the calculations themselves.
CE / CPE Information
- Understand the IRM provisions allowing Tax Professionals to request and receive the TXMOD.
- Understand the data contained in the TXMOD and how it differs from regular IRS account transcripts.
- Understand how to read and analyze the data, including Transactions Codes, Closing Codes, & Action Codes.
- Understand the best uses of the TXMOD and how you can use them to advocate for your clients, including disputing the CSED to save your client money.
Prerequisites: Attendees should have a basic understanding of IRS transcripts available via the Transcript Delivery System (TDS).
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Group Internet Based
Field of Study: Federal Tax
CPE: 2 hours
IRS CE: 2 hours
Tax Mentor Group, LLC is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing 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.
Tax Mentor group, LLC is an approved Continuing Education provider with the Internal Revenue Service. Approved programs fulfill continuing education requirements for Enrolled Agents, Enrolled Retirement Plan Agents, and Registered Tax Return Preparers. To obtain additional information please visit www.irs.gov/taxpros/ce.
Tax Mentor Group, LLC’s NASBA sponsor number is 146961.
Program Number: UNBQO-T-00019-22-O
Title: The Secret IRS Transcript: How to Obtain, Interpret & Analyze the IRS TXMODA
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