Know More About How To Get IRS Tax Return Transcript

Filing your IRS tax return is very important. Equally important is to track the IRS tax return information. For your knowledge, there is an easy way to get your IRS tax return information. It is known as IRS tax return transcript. It can easily be obtained, either by phone or by mail.

IRS tax return transcript features most of the line items from the tax return forms 1040, 1040A or 1040E. It is featured in its original form. This includes any accompanying forms and schedules. However, the IRS tax return transcript does not reflect any changes made by you or any representative of yours, after the filing of return. Usually the IRS tax return transcript meets the requirements of lending institutions.

The IRS tax return transcript shows almost any other adjustments made by either IRS or you after the filing of the tax return. It also shows the entire basic data. This includes marital status, the type of IRS tax return filed, your adjusted gross income and your taxable income.

Getting the IRS tax return transcript is not a very difficult thing. You can download the request form 4506T from the IRS website, IRS.gov. You can also request the transcript by calling 1-800-829-1040, or get it mailed by using IRS Form 4506-T. There is no fee charged by the IRS for the transcripts. These transcripts are available for the current year and three prior calendar years. It takes two weeks for the delivery.

If you have taken the help of a professional preparer to prepare last year's IRS tax return, then you can request a copy of the IRS tax return transcript from the preparer. If in case you are not able to locate the preparer, you can use the Electronic Return Originator data base. It can be very helpful in tracking down the preparer.

Usually the transcript comes for free, but if in case you want a photocopy of a tax return that has been processed previously along with the attachments, then you have to complete Form 4506. This is a form used to request a Copy of Tax. It has to be then mailed to the designated IRS address, which has been listed on the form.

You need to pay a fee of $39 for the request of each tax period. You can, usually obtain the copies available for the current year as well as of the past 6 years.

Now that you know what is an IRS tax return transcript and how to obtain it, so you should go ahead and get your hands on it while you can.