Posts Tagged ‘tax return copy’

Do You Need To Provide Information From A Prior Year Tax Return??

Friday, January 27th, 2012

The exclusive purpose for the information which is provided from this website is to disseminate  information, and not to provide tax advice.

There are many different situations in which you will need to provide information from a prior year to a third party (i.e. a bank, credit union, mortgage lender, etc)  Under most circumstances you’ll already have the tax return information in your files or you can contact your tax preparer. However, if this solution is not possible, you can also contact the Internal Revenue Service for assistance.  Depending on the requirements from the third party, you may be able to just provide a tax return “transcript.”

A tax return transcript shows most line items from your tax return as it was originally filed, including any accompanying forms and schedules. It does not reflect any changes made after the return was filed.  A tax account transcript shows any later adjustments either you or the IRS made after the tax return was filed. This transcript shows basic data, including marital status, type of return filed, adjusted gross income and taxable income.  The I(nternal Revenue Service does not charge a fee for a tax return “transcript.”  “Transcripts” can be ordered on line from the IRS website or via telephone or by file IRS Form 4506-T.

However, if the required tax information can not be fulfilled using a tax return “transcript” then you may be required to request a complete copy of your tax return.   There is a charge of $57.00 for the tax return for each year.  (more…)

Do You Need A Copy of Your Prior Year Tax Returns?

Wednesday, August 17th, 2011

The exclusive purpose for the information which is provided from this website is to disseminate  information, and not to provide tax advice.

 For a number of different reasons you may need to obtain a filed copy of your prior year tax returns.  Although you may have religiously backed up your data, if you’ve been the victim of a natural disaster or catastrophe (fire), those tax records may no longer be available to you.  There are three possible alternatives which are available to you, but each is different.  The three options are:

  1. Tax Return Transcript – shows most line items from your tax return as it was originally filed, including any accompanying forms and schedules. It does not reflect any changes made after the return was filed (this option is free), or a
  2. Tax Account Transcript – shows any later adjustments either you or the IRS made after the tax return was filed. This transcript shows basic data, including marital status, type of return filed, adjusted gross income and taxable income (this option is free), or a
  3. Tax Return – an actual copy of a previously processed tax return.  The cost is $57.00 per tax year requested.  

You may submit your request either on line at http://irs.gov, by mail, or by calling (800) 829-3676.  (more…)