New IRS e-service Revolutionizes Transcript Delivery

Tax practitioners can now request transcripts of their client’s tax records and receive them within minutes instead of days or weeks using a new online tool delivered through the IRS Business Systems Modernization program.

The Transcript Delivery System (TDS) is the latest in a series of e-services that are revolutionizing how tax practitioners work with the Internal Revenue Service on behalf of their clients.

Authorized tax practitioners use the new electronic tool to order tax account and tax return transcripts and other tax information for their business and individual clients. The documents are returned to the practitioner’s computer through a secure online connection within minutes. Paper requests for the same information can take days or weeks to complete.

“This important new technology will help tax practitioners improve their services to taxpayers and is part of our continuing efforts to modernize the IRS,” said IRS Commissioner Mark W. Everson.”

Tax practitioners use transcripts when representing their clients before the IRS. Transcripts are printouts of a taxpayer’s account that show actions taken by the IRS or the taxpayer and any tax, penalties or interest assessed. Tax returns can also be printed as transcripts to show most of the numbers reported on the return and those from accompanying schedules or forms. In many cases, transcripts are used instead of making copies of tax returns.

TDS is one of three premium e-services the IRS has developed for practitioners who have successfully e-filed 100 or more individual tax returns and registered to use e-services. The other premium e-services, Disclosure Authorization and Electronic Account Resolution, were released in July.

"TDS is the greatest thing since sliced bread,” says enrolled agent Larry “Denny” Denman, a North Las Vegas tax practitioner who uses TDS and other IRS e-services. “I requested eight years of transcripts for one client and printed them out in no time. And the quality is better than anything I get through the mail or by fax.”

The Transcript Delivery System is the final product in a line of e-services developed through the Business Systems Modernization program in partnership with the PRIME Alliance group of contractors led by Computer Sciences Corporation.

Related Item: What are the e-services products?

You may like these other stories...

School tax breaks get House support as Democrats objectRichard Rubin of Bloomberg reported that the House of Representatives on Thursday voted to expand and simplify tax breaks for education as Republicans continue to pass...
Many senior US tax professionals believe that a streamlined audit process will be the top benefit resulting from the IRS Transfer Pricing Audit Roadmap, a new toolkit organized around a notional 24-month audit timeline,...
Tax accounting to be simplified for money-market fundsThe US Securities and Exchange Commission (SEC) voted 3-2 on Wednesday for sweeping changes to institutional money-market funds, Emily Chasan, senior editor of...

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.