While transcripts are notorious for being complex, they can be incredibly helpful in the hands of tax professionals who know how to use them. A short guide to IRS transcripts | By Jason Schow 5 min read | While transcripts are notorious for being complex, they can be incredibly helpful in the hands of tax professionals who know how to use them. | | IRS changes procedure for reporting tax shelters | By Michael Cohn 2 min read | The Internal Revenue Service is temporarily allowing taxpayers who engage in so-called “reportable transactions,” typically tax shelters, to fax the Form 8886 for initially disclosing them to the IRS instead of mailing in the form. | |
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