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Tax Transcript: Definition & Requirements

What Is A Tax Transcript?

A transcript is a document that the IRS produces that shows all the tax information for a particular tax year, including income adjustments, credits, and deductions. It can be helpful proof of your tax filing status and verification of your income.

Types of Transcripts You can Request

There are five types of tax transcripts that you can request from the IRS:

– Tax Return Transcript: This is a document of the tax information filed with the IRS. It includes all data from the tax return, including income, adjustments to income, credits, and deductions.

– Tax Account Transcript: This is a transcript of the tax account information for the tax year. It includes all information about payments, balances, and any tax liens or levies placed on the account.

– Wage and Income Transcript: This is a transcript of all W2s and 1099s reported to the IRS for the tax year. It includes all information about wages, salaries, tips, pensions, and other types of income.

– Record of Account Transcript:  This is a document of the tax account information for the tax year and any changes made to the account since you filed the tax return.

– Verification of Non-filing Letter: This is a letter from the IRS verifying that you did not file a tax return for the year.

Steps to Request A Tax Transcript

You can either go online or call the IRS to request your transcript.

Online: You can order this type of document using the IRS Get Transcript tool. You will need to create an account on the IRS website and provide some basic information. Once you have made your account, you can order tax transcripts for the current and past three tax years.

Call: You can also order these tax documents by calling the IRS at 1-800-908-9946. You will need to provide basic information, including your Social Security number, date of birth, and address.

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