New Tax Transcript Process Updates

NSTPInternal Revenue Service (IRS), Transcript

New Tax Transcript Process Updates

New Tax Transcript Process Updates The IRS has updated some IRS.gov content to clarify issues regarding changes to the tax transcript distribution methods. As you may recall, in lieu of faxing tax transcripts, they will send certain transcripts into the practitioners’ e-Services secure mailbox. However, there is a time limit for those transcripts to be available in your mailbox. To avoid having to repeat your request, print or download the transcript immediately from your mailbox. The new language on the About the New Tax Transcript page is highlighted below in yellow: Employer Information for Tax Return Preparation and Electronic Filing If you are a taxpayer seeking to file a current or prior year tax return or a tax professional preparing a current or prior year return for a client, please remember that all financial entries on all transcript types are fully visible. If you are seeking a missing Form W-2 or Form 1099 information, there is a process for obtaining those current-year documents. If an unmasked Wage & Income transcript is necessary for tax return preparation and electronic filing, a tax professional may contact the Practitioner Priority Service line. An unmasked Wage and Income Transcript will fully display employers’ names, addresses and … Read More

Get a Tax Transcript Online

NSTPInternal Revenue Service (IRS), Transcript

Get a Tax Transcript Online

The Internal Revenue Service is reminding taxpayers who need their prior-year tax records to either complete their 2018 tax return or to validate their income can use Get Transcript Online or Get Transcript by Mail. Taxpayers often call or visit the IRS seeking their prior-year tax transcript, which is a record of their tax return. But the days around Presidents Day mark the busiest time of the year for the IRS. Taxpayers can avoid the rush by using online options that are faster and more convenient. It’s always a good idea to keep copies of previously-filed tax returns. That recommendation is more important this year because, for some taxpayers, certain data from the 2017 tax return – the adjusted gross income — will be required to validate their electronic signature on their 2018 tax return due April 15 for most filers. This is especially true for taxpayers who have switched tax software products this year. Generally, for returning users, the commercial tax software product will carry over the prior-year information and make for an easy, seamless validation process. However, taxpayers using a new tax software product for the first time may be required to enter the information manually. Here’s the … Read More

HOW TO REQUEST A TRANSCRIPT OR COPY OF A PRIOR YEAR’S TAX RETURN

NSTPInternal Revenue Service (IRS), Transcript

Here’s how to get your federal tax return information from the IRS: A tax return transcript is a summary of the tax return that you filed. It also includes items from any accompanying forms and schedules that you filed. It doesn’t reflect any changes you or the IRS made after you filed your original return. A tax account transcript includes your marital status, the type of return you filed, your adjusted gross income and taxable income. It also includes any changes that you or the IRS made to your tax return after you filed it. The quickest way to get a copy of your tax transcript is to use the Get Transcript application. Once you verify your identity, you will be able to view and print your transcript immediately online. This Fact Sheet provides details on how to complete this step. If you’re unable or prefer not to use Get Transcript Online, you may order a tax return transcript and/or a tax account transcript using the online tool Get Transcript by Mail or by calling 800-908-9946. Transcripts arrive at the address we have on file for you in five to 10 calendar days from the time IRS receives your request. To order … Read More