New Feature: Pull IRS Transcripts in as Little as 2 Minutes

Transcripts is one of Canopy’s most talked about features, and we’re now offering a free trial. That means you get access to:

• Canopy’s powerful transcript retrieval software that allows you to pull transcripts in as little as 2 minutes.
• Canopy’s revolutionary transcript reporting, saving you hours of decoding raw IRS transcripts.

All you need to do is sign up for a free trial of Canopy's Accounting Practice Management and Tax Resolution Software. If you still aren’t convinced—and still wondering how this is better than using e-Services or just calling the IRS—stick around. We’ve compiled the 4 best reasons you should be using our Transcripts feature.

1. Get IRS transcripts faster.

How much time do you usually spend retrieving IRS transcripts for a client? If you’re like most tax pros who rely on e-Services or Practitioner Priority Service to pull transcripts, your answer is probably in hours, not minutes. If you have several years worth of transcripts to pull, you may even be tied to your fax machine all day.

Canopy’s Transcripts tool lets you bypass the inefficiencies of the IRS website to pull transcripts more quickly. Once you’ve entered your CAF and Power of Attorney information, you can pull multiple transcripts from any year all from a single screen and have them electronically delivered in as little as 2 minutes.

Pulling transcripts through Canopy eliminates the inefficiencies of e-Services so you get all of the transcripts you need electronically, in as little as 2 minutes. 

2. Transcript Reports give you actionable information instantly.

The difficulty with tax transcripts doesn’t end after you’ve finally managed to successfully get the documents. Instead of transparent documents full of easy-to-access information, your client’s tax transcripts resemble nothing more than Cold War era encrypted communications. Right now, you have no choice but to decode it, line by line—just don’t confuse a 167 with a 671.

With Transcripts, decoding IRS transcripts is a thing of the past. Instead of looking up each obscure code as you go, just switch to the Reports view where Canopy has already decoded the transcript. All of the relevant information and calculations are easy to find in the Transcript Report, such as CSED, penalties and interest owed, and more! Even better, all this easy-to-read information is compiled into a convenient report that you can share with your clients, adding instant value to your service. 

Never again will you have to spend hours wading through dense IRS transcripts to find the info you need. Canopy automatically generates easy-to-read reports so you can quickly find what you need.

3. Transcripts is optimized to make your work easier.

One of the most irritating parts of being a tax professional is the sheer amount of time you spend battling inefficient systems. We hear stories all the time of tax pros on hold for hours, requesting transcripts that never actually get faxed, or struggling to download and print transcripts even after successfully accessing them on e-Services.

With Canopy's Transcripts tool, you’ll never have to deal with those issues again. Once you’ve retrieved a client’s transcripts, they’re attached to that client’s case in your Canopy account. Transcripts retrieved through Canopy’s Transcripts feature are automatically saved to a secure server, easy to print, and impossible to lose. Additionally, Canopy makes it simple to request the updated version of your client’s transcripts so you can easily stay up to date with your clients data.

4. Using Transcripts will increase your profit margins.

The math here is pretty simple. With all the extra time you’ll be saving with Transcripts, you can either:

• Spend less time to earn the same amount of money.

Or

• Spend the same amount of time to earn more money.

Either way, you win.

So what are you waiting for? Sign up for your free trial of Canopy to get access to start using Transcripts today! 

Still want to learn more? Check out our Transcripts FAQ here.