A tax return transcript shows most line items such as the adjusted gross income from a tax return, along with the forms and schedules, as originally filed. Before requesting a copy of the transcript, the taxpayer should determine which transcript best meets their needs. Businesses can get two types of transcripts: a tax return transcript or a tax account transcript. But what if you can’t find a copy of your tax return? The good news is, you can get a copy of your tax return transcript from the IRS.Ī transcript is a summary of the return information submitted to the IRS. There might be instances in the future where the need to provide information from these returns will arise, such as applying for a working capital loan, buying a new building, or even as simple as switching CPAs or attorneys.
Taxpayers, especially businesses, are always encouraged to save copies of all their tax returns for at least three years.
0 kommentar(er)
