Whats a tax return transcript

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Ready To Get Started? How do I get my tax transcript? How to get a copy or transcript of a tax return? Do you need a copy of a past tax return?

It doesn’t show changes made after you filed your original return. This transcript does not reflect any changes you, your representative or the IRS made after you filed your return. The method you used to file your tax return , e-file or paper, and whether you had a balance due, affects your current year transcript availability.

The Get Transcript Service is for individual taxpayers to retrieve their own transcripts for their own purposes. See all full list on creditkarma. What do the instructions say?

I think you need the return transcript. A tax transcript is a summary of your tax return provided by the IRS. There are a few types of transcripts available.

The most basic is the tax return transcript , which contains most line items from the tax return , including the adjusted gross income along with associated forms and schedules. A tax return transcript usually meets the needs of lending institutions offering mortgages and student loans. A tax account transcript shows basic data such as return type, marital status, adjusted gross income, taxable income and all payment types.

Tax Account Transcript. Transcripts are available for the current and past three tax years. This new format partially masks personally identifiable information.

Financial data will remain fully visible to allow for tax preparation, tax representation or income verification. This type of transcript is sufficient for most financial transactions,. Industry-Specific Deductions.

Of the different types of transcripts, the tax return transcript is the most straightforward and easiest to understand. So basically the transcript would show the amount of taxable income that you reported from wages, self-employment income, capital gains, interest, etc. After you file your tax return , IRS computers scan the information into a format that strips down your return into just the summary numbers on your return. The tax return transcript is a document tax filers can request from the IRS that includes the information submitted on the tax return.

It does not include any changes the tax filer or the tax preparer made after filing the original tax return. It will show most line items on the original tax return filed. We will NOT accept tax documents sent directly from the IRS.

It looks that at the time your tax return was processed - the IRS did not have full information regarding your withholding and they choose to hold refund pending when your employer (or another payer) will provide withholding information to mach whatever you reported on teh tax return. You should only call if it has been: days or more since you e-filed.