Tax Transcript from IRS
The Internal Revenue Service, or IRS, doesn’t have a very good way for taxpayers to check in on the status of their accounts. This is because, in general, taxpayers are expected to basically keep track of their own tax accounting. If you have a salaried job, your withholdings are printed on your paystub. If you own own business, you are expected to keep track of your own quarterly payments. And, if there is another situation, you are supposed to have records anyway, to use for filing your taxes, if nothing else. But, what if your account situation isn’t so simple? Tax Return Transcript The first reason you might want a tax return transcript is that you don’t have a proper record of what information you filed on your tax return. You are supposed to keep a copy of your return for your own records, but even if you do, it can get lost or destroyed in any number of ways. Fortunately, you can order a Tax Return Transcript directly from the IRS. A Tax Return Transcript shows most of the line items from your original tax return including important information like your total wages,adjusted gross income and taxable income. The …