Why is my tax transcript not available

IRS transcripts are best and most often used to validate past income and tax filing status for mortgage , student and small business loan applications and to help with tax preparation. There are multiple reasons why the tax return transcript may not be available: You have not yet filed a tax return. If you mailed your tax return, it takes about weeks. Processing time for taxes filed by mail is approximately 8-weeks. If you didn’t pay all the tax you owe, your transcript may not be available until mid-May or a week after you pay the full amount owed.

There’s one simple answer for getting all your records of tax filings, income, and account activity from the IRS : tax transcripts. But it’s not that simple at all. Many people have never heard of a tax transcript – much less understand why they may want to access theirs.

If your parents needed to pay according to the tax forms, the IRS may not have processed their paperwork yet. Your parents need to be requesting this, not you. Last week it started saying a date will be provided when available. Ghost preparers neither sign the returns they prepare nor include their PTIN on those returns, despite their obligations to do so. Let Us Deal with the IRS.

So instead of getting into the weeds with your financial information for a single tax year the way your tax return does, tax transcripts provide an official overview of the information lenders may want, like your adjusted gross income. The IRS Tax Return Transcript includes more information than an IRS Tax Account Transcript. An IRS Tax Account Transcript might not include all of the information required to complete verification. An IRS Record of Account combines the Tax Return Transcript and Tax Account Transcript , but is more complicated and may be much more difficult to interpret. If you filed your tax return electronically, it will be about three weeks before the tax transcript is available.

Free and Simple Ways to Get a Tax Return Transcript. Many tax transcript requests get rejected since the IRS is very strict with this form for security reasons. Sometimes multiple times!

Therefore, things can get crunched as the closing date or rate lock period draws near. That’s where the borrower can get involved using one of these quicker processes. On a side note, I was completely unaware of this. Those who opted against procrastination and are entitled to a refund. When it comes to tax season I receive a lot of reader questions, many tinged with a hint of desperation, around why IRS tax refunds are taking so long and what can be done to get refunds sooner rather than later.

This is no different in the current tax season where a number of folks have commented on potential and actuals delays with their refunds. Access IRS Tax Forms. See How Easy It Really Is! Complete, Edit or Print Tax Forms Instantly. What if one or more of the following happens?

Get Your Tax Transcript at the Local IRS Office. The main reason you need an IRS Wage and Income Transcript is because it will help make sure you report all your income on your tax return. I know that sounds obvious, but the IRS will send you a tax notice if you forget to include something that has already been reported to them. One important note: IRS tax transcripts are not photocopies of your actual tax return with all the forms and attachments. If a borrower has not filed tax returns for the previous years leading up to the mortgage application and the file at or near the time of applying for a mortgage the underwriter may reject the application stating the filing of the tax returns appears to be solely for the purpose of being approved for the loan.

Further, if the applicant is filing a late return at the time of mortgage application the transcripts may not be on file quickly enough for the IRS to deliver them to the lender. It says that the address I am entering does not match their records. I checked my tax return to make sure the address is correct on there and it is. I have been living in the same place for over years.

For a week and a half my status has been saying “ Your return is still being processed. I tried almost every. A refund date will be provided when available.

Is this because my return is not processed yet or is their a chance I’m being audited? Anybody else have this problem?