Your Complete IRS Account Analysis
Understand exactly what the IRS sees, what you owe, and what comes next.
Every PROOF analysis results in a detailed, documented report.
Your IRS account analysis gives you complete clarity on:
• Your current IRS account balance and payment history
• Penalties applied and why they were assessed
• Missing or unfiled returns the IRS has identified
• Tax years in compliance and those that need attention
• What actions have been taken on your account
• What remains unresolved and your options
Ready to Understand Your Account?
Expert guidance: $1,500+ • Online self-service tools available
What Is IRS Account Analysis?
An IRS account analysis is a comprehensive review of your official IRS records based on your transcript data. It tells you what the IRS knows about you, your tax history, and what you owe. Unlike a general tax consultation or estimate, an account analysis is based on real IRS records—not guesses or calculations.
When you request an analysis, PROOF obtains your official IRS transcripts (with your permission via Form 4506-C), reviews every detail, and explains what each entry means. You'll understand your account status as the IRS sees it, without the confusion of tax jargon or the markup of tax relief firms.
What Your IRS Account Analysis Includes
Your personalized analysis is based on your official IRS transcripts and your specific tax situation. Here's exactly what you'll receive:
•IRS Account Status & Balance
Your current balance with the IRS, broken down by tax year. We show you the original amount owed, payments applied, penalties, and interest accrued. This tells you the exact dollar amount the IRS has on record.
•Payment History
Every payment the IRS has recorded on your account—when it was received, what amount, and which tax year it was applied to. If you've made payments but they're not showing, or if you're being credited incorrectly, we identify it here.
•Penalty Breakdown
Which penalties apply to your account (failure to file, failure to pay, accuracy-related penalties, etc.), when they were assessed, and whether you might qualify for penalty relief. Many people overpay penalties that can be reduced through the First-Time Penalty Abatement or Reasonable Cause.
•Missing or Unfiled Returns
Tax years the IRS says you haven't filed a return. This includes years where the IRS issued a substitute return (prepared by the IRS using whatever information they had). Knowing which years are missing helps you determine priority and potential liability.
•Prior Actions & Agreements
Any previous work done on your account—offers in compromise, installment agreements, currently-not-collectible status, liens filed, or levies issued. We verify whether promised actions were actually completed.
•Resolution Options
Based on your account status and financial situation, we identify which relief options make sense for you—offer in compromise, payment plan, hardship status, penalty abatement, or other paths. Not every option works for every person.
•Action Roadmap
Step-by-step next actions to resolve your account, prioritized by urgency and impact. You'll know exactly what to do first and why.
Understanding IRS Transcript Codes in Your Analysis
Your IRS account analysis includes a detailed breakdown of the codes and amounts on your transcript. These codes tell the story of your account. Here are the most common ones you'll see:
TC 150
Tax return filed. Shows the original tax amount from your return.
TC 846
Refund issued or refund applied to another balance. If you see this, the IRS applied your refund to other tax debt.
TC 570
Balance of a recurring item. Indicates your return was processed but balance remains due.
TC 290
Accuracy-related penalty assessed. Usually applied to unfiled returns or income underreporting.
TC 420
Penalty for filing a fraudulent return. This is rare and serious; our analysis explains the implications.
TC 460
Failure to file or failure to pay penalty. Means you either didn't file or didn't pay when required.
TC 500
Payment posted to your account. Shows money received and applied.
TC 801
Overpayment applied or refund issued. Shows surplus funds returned to you or applied elsewhere.
Our analysis translates these codes into plain English so you understand what they mean for your situation. Want a complete guide to IRS transcript codes?
Real Examples: What Your Analysis Reveals
Here's what a PROOF analysis might reveal (anonymized examples):
Example 1: Hidden Overpayment
Client thought they owed $8,500. Our analysis found the IRS applied a previous year's refund to the current balance, but miscalculated the penalty relief. Actual balance: $6,200. Client saved $2,300 just by understanding their account correctly.
Example 2: Uncorrected Past Work
Client hired a tax firm who promised an Offer in Compromise. Analysis showed the OIC was submitted but never formally accepted by the IRS—it was sitting in limbo for 18 months. The firm hadn't followed up. Knowing this, client either pushed the firm to complete the work or took it to someone else.
Example 3: Multiple Years, Priority-Based Action
Self-employed client hadn't filed taxes for 4 years. Analysis identified which years had the highest liability and penalty exposure. Instead of filing all 4 at once (overwhelming), we prioritized the 2021 and 2022 returns first—those had the most penalties accruing. A plan emerged from real data.
How Our Analysis Differs from Tax Relief Firms
Tax relief firms often charge $3,500-$15,000 before showing you what they found. Here's how PROOF is different:
Tax Relief Firm
- • Charge upfront fee ($3k-$15k)
- • Black-box process
- • You don't see the analysis
- • Pushes their solutions
- • Represents you with IRS (additional fee)
- • You're locked in
PROOF Analysis
- • $97/month (cancel anytime)
- • Transparent analysis
- • You get the full report
- • We show ALL options
- • You decide next step
- • Full control, full clarity
Our analysis empowers you to make informed decisions. You own the data. You choose the path forward.
Frequently Asked Questions About Account Analysis
How long does an analysis take?
We request your transcripts using Form 4506-C (which you authorize). The IRS typically delivers them within 5-7 business days. Once received, we complete analysis within 2-3 business days. Full process: 1-2 weeks.
What if I don't have transcripts yet?
We request them on your behalf. You authorize us with Form 4506-C, and we handle the rest. The IRS sends them directly to us, and we review them with you.
Can an analysis show penalties I can fight?
Yes. We identify penalties and flag which ones might qualify for relief (first-time abatement, reasonable cause, etc.). But we don't file for relief—that's up to you or a tax professional. Our job is to identify the opportunity.
What if I owe more than I thought?
An analysis reveals what you actually owe, not what you hoped. If it's more than expected, at least you know. The next step is figuring out your resolution option (payment plan, offer in compromise, hardship status, etc.).
Is my analysis private and secure?
Yes. Your transcripts and analysis are encrypted and stored securely. We never share your data. You maintain full control over who sees your analysis.
Can I use the analysis to dispute IRS amounts?
The analysis documents what the IRS currently has on file. If there are errors, you can dispute them through official IRS channels. We can explain what to dispute and how, but you'll likely need a tax professional to file the formal dispute.
What Happens After You Get Your Analysis
Your analysis is just the beginning. Once you understand your account, you have options:
1DIY Path: Use your analysis to file your own resolution (OIC, payment plan, etc.)
2Professional Help: Give your analysis to a CPA or tax attorney who can guide you further
3Expert Guidance: Upgrade to our Expert Review & Guidance for personalized phone consultation
4Verification Tool: Use your analysis to verify that any future professional work is actually completed correctly
Many people use the analysis once, find their path, and resolve their account. Others keep the analysis active to verify ongoing work. You decide how to use it.
Ready for Clarity?
Get your complete IRS account analysis today. Understand what the IRS sees, what you owe, and what comes next—without the markup, without the confusion.