What is the Transcript Summary Tab?

Created by Brian Hyman, Modified on Fri, 6 May, 2022 at 3:58 PM by Brian Hyman

The Transcript Summary tab will show you a detailed breakdown of the data retrieved from the IRS. Taxrise has systems that interface with the IRS servers to electronically pull your IRS Account Transcript and Wage and Income Transcript. This is where you can see more details about your Unfiled Years, Filed Years, and IRS Notices.

Unfiled Years Tab:

The Unfiled Years tab shows you a break down of how many unfiled years you have and the total projected tax liability and the reported income by year. Clicking on a card in the right hand column will show greater details about that reported income for that specific year.

Filed Years Tab:

The Filed Years tab shows the breakdown of your filed years. It shows the number of years filed and the total projected tax liability in graph format as well as detailed cards. The cards are in the right hand column of the page.

IRS Notice Tab:

The IRS Notices tab shows you a breakdown of all IRS Notices that been issued. This is in a table format. We encourage all clients to review this information to gain a better understanding of the case.