Table of Contents
The Sample Tax Return Transcript form serves as a crucial document for individuals seeking to understand their tax filing status and history. It provides a snapshot of key financial information, including income sources, deductions, and tax liabilities for a specific tax period. For example, the form lists wages, salaries, and other income types, along with adjustments that may affect the taxpayer's overall financial picture. It also highlights important identifiers such as the taxpayer's Social Security Number (SSN) and filing status, which in this instance is "Single." Additionally, the transcript outlines the taxpayer's total income, adjusted gross income, and the final tax liability after credits and payments have been accounted for. This document not only reflects the amounts reported on the original return but also includes adjustments made by the IRS, if any. Understanding the details on this form can be beneficial for various purposes, including loan applications, financial planning, and verifying past tax filings. Overall, the Sample Tax Return Transcript serves as an essential tool for taxpayers looking to gain clarity on their tax affairs.
Documents used along the form
When filing taxes or managing financial matters, several forms and documents often accompany the Sample Tax Return Transcript. Each of these documents serves a specific purpose and can provide essential information to support your tax filings or financial applications. Here are some commonly used forms:
- Form 1040: This is the standard individual income tax return form used by U.S. taxpayers. It summarizes your income, deductions, and tax liability for the year.
- W-2 Form: Employers issue this form to report wages paid to employees and the taxes withheld from those wages. It is crucial for accurately reporting income on your tax return.
- Fedex Bill Of Lading form: A necessary document for shipping that acts as a receipt and contract, ensuring all shipping details are clear. You can access and fill out the Fedex Bill Of Lading form to streamline your shipping process.
- Schedule C: This form is used by sole proprietors to report income and expenses from their business. It helps determine the net profit or loss from self-employment activities.
- Form 1099: Various types of 1099 forms report different types of income received by individuals, such as freelance earnings, interest, or dividends. These forms are essential for reporting income not captured on a W-2.
- Form 8862: If you are claiming the Earned Income Tax Credit (EITC) after a previous disallowance, this form is necessary to establish your eligibility to claim the credit again.
- Form 4506-T: This form allows you to request a transcript of your tax return from the IRS. It is often used when applying for loans or financial aid to verify income.
Understanding these documents can simplify the tax filing process and ensure compliance with IRS requirements. Keeping them organized will also help when you need to provide information for loans, grants, or other financial applications.
Other PDF Templates
Hiv Certificate - Documentation supports client health history tracking.
The California ATV Bill of Sale form is a crucial document for anyone buying or selling an all-terrain vehicle in the state. This form provides a legal record of the transaction, offering protection to both the buyer and the seller. For those looking to simplify the process, utilizing resources such as Fillable Forms can be extremely helpful, ensuring that ownership is transferred smoothly and that all necessary information is recorded.
Usda 7001 - Taking the time to complete this form correctly can ensure a smooth journey.
Sample Tax Return Transcript Example
Page 1 of 6
This Product Contains Sensitive Taxpayer Data
Tax Return Transcript
|
Request Date: |
|
|
Response Date: |
|
|
Tracking Number: |
100200235179 |
|
Customer File Number: |
0987654321 |
SSN Provided: |
|
Tax Period Ending: Dec. 31, 2017
The following items reflect the amount as shown on the return (PR), and the amount as adjusted (PC), if applicable. They do not show subsequent activity on the account.
SSN: |
|
|
SPOUSE SSN: |
|
|
NAME(S) SHOWN ON RETURN: DRAK |
||
ADDRESS: |
|
123 DA |
FILING STATUS: |
Single |
|
FORM NUMBER: |
|
1040 |
CYCLE POSTED: |
20181005 |
|
RECEIVED DATE: |
Jan.15, 2018 |
|
REMITTANCE: |
|
$0.00 |
EXEMPTION NUMBER: |
1 |
|
DEPENDENT 1 |
N ME CTRL: |
|
DEPENDENT 1 |
SSN: |
|
DEPENDENT 2 |
N ME CTRL: |
|
DEPENDENT 2 |
SSN: |
|
DEPENDENT 3 |
N ME CTRL: |
|
DEPENDENT 3 |
N: |
|
DEPENDENT 4 |
N ME CTRL: |
|
DEPENDENT 4 |
N: |
|
PTIN: |
|
|
PREPARER EIN: |
|
|
Income
WAGES, SALARIES, TIPS, ETC: |
$13,000.00 |
TAXABLE INTEREST INCOME: SCH B: |
$0.00 |
$0.00 |
|
ORDINARY DIVIDEND INCOME: SCH B: |
$0.00 |
QUALIFIED DIVIDENDS: |
$0.00 |
REFUNDS OF STATE/LOCAL TAXES: |
$0.00 |
8/9/2018
Page 2 of 6
ALIMONY RECEIVED: |
|
$0.00 |
BUSINESS INCOME OR LOSS (Schedule C): |
|
$2,500.00 |
BUSINESS INCOME OR LOSS: SCH C PER COMPUTER: |
|
$2,500.00 |
CAPITAL GAIN OR LOSS: (Schedule D): |
|
$0.00 |
CAPITAL GAINS OR LOSS: SCH D PER COMPUTER: |
|
$0.00 |
OTHER GAINS OR LOSSES (Form 4797): |
|
$0.00 |
TOTAL IRA DISTRIBUTIONS: |
|
$0.00 |
TAXABLE IRA DISTRIBUTIONS: |
|
$0.00 |
TOTAL PENSIONS AND ANNUITIES: |
|
$0.00 |
SAMPLE |
$0.00 |
|
TAXABLE PENSION/ANNUITY AMOUNT: |
|
|
RENT/ROYALTY/PARTNERSHIP/ESTATE (Schedule E): |
|
$0.00 |
RENT/ROYALTY/PARTNERSHIP/ESTATE (Schedule E) PER COMPUTER: |
|
$0.00 |
RENT/ROYALTY INCOME/LOSS PER COMPUTER: |
|
$0.00 |
ESTATE/TRUST INCOME/LOSS PER COMPUTER: |
|
$0.00 |
|
$0.00 |
|
FARM INCOME OR LOSS (Schedule F): |
|
$0.00 |
FARM INCOME OR LOSS (Schedule F) PER COMPUTER: |
|
$0.00 |
UNEMPLOYMENT COMPENSATION: |
|
$0.00 |
TOTAL SOCIAL SECURITY BENEFITS: |
|
$0.00 |
TAXABLE SOCIAL SECURITY BENEFITS: |
|
$0.00 |
TAXABLE SOCIAL SECURITY BENEFITS PER COM UTER: |
|
$0.00 |
OTHER INCOME: |
|
$0.00 |
SCHEDULE EIC SE INCOME PER COMPUTER: |
|
$2,323.00 |
SCHEDULE EIC EARNED INCOME PER COMPUTER: |
$15,323.00 |
|
SCH EIC DISQUALIFIED INC COMPUTER: |
|
$0.00 |
TOTAL INCOME: |
$15,500.00 |
|
TOTAL INCOME PER COMPUTER: |
$15,500.00 |
|
Adjustments to Income
EDUCATOR EXPENSES: |
|
$0.00 |
||
EDUCATOR EXPENSES PER CO PUTER: |
$0.00 |
|||
RESERVIST AND OTHER |
BUSINESS EXPENSE: |
$0.00 |
||
HEALTH |
VINGS |
CCT |
DEDUCTION: |
$0.00 |
HEALTH S VINGS |
CCT |
DEDUCTION PER CO PTR: |
$0.00 |
|
MOVING EXPENSES: F3903: |
$0.00 |
|||
SELF EMPLOYMENT T X DEDUCTION: |
$177.00 |
|||
SELF EMPLOYMENT T X DEDUCTION PER COMPUTER: |
$177.00 |
|||
ELF EMPLOYMENT T X DEDUCTION VERIFIED: |
$0.00 |
|||
KEOGH/ EP CONTRIBUTION DEDUCTION: |
$0.00 |
|||
$0.00 |
||||
EARLY WITHDRAWAL OF |
AVINGS PENALTY: |
$0.00 |
||
ALIMONY PAID |
N: |
|
|
|
ALIMONY PAID: |
|
|
$0.00 |
|
IRA DEDUCTION: |
|
|
$0.00 |
|
IRA DEDUCTION PER COMPUTER: |
$0.00 |
|||
STUDENT LOAN INTEREST DEDUCTION: |
$0.00 |
|||
STUDENT LOAN INTEREST DEDUCTION PER COMPUTER: |
$0.00 |
|||
STUDENT LOAN INTEREST DEDUCTION VERIFIED: |
$0.00 |
|||
TUITION AND FEES DEDUCTION: |
$0.00 |
|||
TUITION AND FEES DEDUCTION PER COMPUTER: |
$0.00 |
|||
DOMESTIC PRODUCTION ACTIVITIES DEDUCTION: |
$0.00 |
|||
8/9/2018
Page 3 of 6
DOMESTIC PRODUCTION ACTIVITIES DEDUCTION PER COMPUTER: |
|
$0.00 |
|||
OTHER ADJUSTMENTS: |
|
|
$0.00 |
||
ARCHER MSA DEDUCTION: |
|
$0.00 |
|||
ARCHER MSA DEDUCTION PER COMPUTER: |
|
$0.00 |
|||
TOTAL ADJUSTMENTS: |
|
|
$177.00 |
||
TOTAL ADJUSTMENTS PER COMPUTER: |
|
$177.00 |
|||
ADJUSTED GROSS INCOME: |
$15,323.00 |
||||
ADJUSTED GROSS INCOME PER COMPUTER: |
$15,323.00 |
||||
SAMPLE |
|
||||
Tax and Credits |
|
|
|||
|
|
NO |
|||
BLIND: |
|
|
|
|
NO |
SPOUSE |
|
|
NO |
||
SPOUSE BLIND: |
|
|
NO |
||
STANDARD DEDUCTION PER COMPUTER: |
|
$4,850.00 |
|||
ADDITIONAL STANDARD DEDUCTION PER COMPUTER: |
|
$0.00 |
|||
TAX TABLE INCOME PER COMPUTER: |
$10,473.00 |
||||
EXEMPTION AMOUNT PER COMPUTER: |
|
$3,100.00 |
|||
TAXABLE INCOME: |
|
|
$7,373.00 |
||
TAXABLE INCOME PER COMPUTER: |
|
$7,373.00 |
|||
TOTAL POSITIVE INCOME PER COMPUTER: |
$15,500.00 |
||||
TENTATIVE TAX: |
|
|
$749.00 |
||
TENTATIVE TAX PER COMPUTER: |
|
$749.00 |
|||
FORM 8814 ADDITIONAL TAX AMOUNT: |
|
$0.00 |
|||
TAX ON INCOME LESS SOC SEC INCOME PER COM UTER: |
|
$0.00 |
|||
FORM 6251 ALTERNATIVE MINIMUM TAX: |
|
$0.00 |
|||
FORM 6251 ALTERNATIVE INI UM TAX PER CO UTER: |
|
$0.00 |
|||
FOREIGN TAX CREDIT: |
|
$0.00 |
|||
FOREIGN TAX CREDIT PER CO PUTER: |
|
$0.00 |
|||
FOREIGN INCOME EXCLUSION PER CO PUTER: |
|
$0.00 |
|||
FOREIGN INCOME EXCLUSION TAX PER CO PUTER: |
|
$0.00 |
|||
EXCESS ADVANCE PREMIUM TAX CREDIT REPAY ENT OUNT: |
|
$0.00 |
|||
EXCESS |
DV NCE PREMIUM T X CREDIT REP Y ENT VERIFIED A OUNT: |
|
$0.00 |
||
CHILD & DEPENDENT C RE CREDIT: |
|
$0.00 |
|||
CHILD & DEPENDENT C RE CREDIT PER COMPUTER: |
|
$0.00 |
|||
CREDIT FOR ELDERLY |
ND DIS BLED: |
|
$0.00 |
||
CREDIT FOR ELDERLY |
ND DIS BLED PER COMPUTER: |
|
$0.00 |
||
EDUCATION CREDIT: |
|
|
$0.00 |
||
EDUCATION CREDIT PER COMPUTER: |
|
$0.00 |
|||
GRO EDUC TION CREDIT PER COMPUTER: |
|
$0.00 |
|||
RETIREMENT |
AVINGS CNTRB CREDIT: |
|
$0.00 |
||
RETIREMENT |
AVINGS CNTRB CREDIT PER COMPUTER: |
|
$0.00 |
||
PRIM RET |
|
AV CNTRB: F8880 LN6A: |
|
$0.00 |
|
EC RET |
AV CNTRB: F8880 LN6B: |
|
$0.00 |
||
TOTAL RETIREMENT |
AVINGS CONTRIBUTION: F8880 CMPTR: |
|
$0.00 |
||
RESIDENTIAL ENERGY CREDIT: |
|
$0.00 |
|||
RESIDENTIAL ENERGY CREDIT PER COMPUTER: |
|
$0.00 |
|||
CHILD TAX CREDIT: |
|
|
$0.00 |
||
CHILD TAX CREDIT PER COMPUTER: |
|
$0.00 |
|||
ADOPTION CREDIT: F8839: |
|
$0.00 |
|||
ADOPTION CREDIT PER COMPUTER: |
|
$0.00 |
|||
8/9/2018
Page 4 of 6
FORM 8396 MORTGAGE CERTIFICATE CREDIT: |
$0.00 |
|
FORM 8396 MORTGAGE CERTIFICATE CREDIT PER COMPUTER: |
$0.00 |
|
F3800, F8801 AND OTHER CREDIT AMOUNT: |
$0.00 |
|
FORM 3800 GENERAL BUSINESS CREDITS: |
$0.00 |
|
FORM 3800 GENERAL BUSINESS CREDITS PER COMPUTER: |
$0.00 |
|
PRIOR YR MIN TAX CREDIT: F8801: |
$0.00 |
|
PRIOR YR MIN TAX CREDIT: F8801 PER COMPUTER: |
$0.00 |
|
F8936 |
ELECTRIC MOTOR VEHICLE CREDIT AMOUNT: |
$0.00 |
F8936 |
ELECTRIC MOTOR VEHICLE CREDIT PER COMPUTER: |
$0.00 |
SAMPLE |
$0.00 |
|
F8910 |
ALTERNATIVE MOTOR VEHICLE CREDIT AMOUNT: |
|
F8910 |
ALTERNATIVE MOTOR VEHICLE CREDIT PER COMPUTER: |
$0.00 |
OTHER CREDITS: |
$0.00 |
|
TOTAL CREDITS: |
$0.00 |
|
TOTAL CREDITS PER COMPUTER: |
$0.00 |
|
INCOME TAX AFTER CREDITS PER COMPUTER: |
$749.00 |
|
Other Taxes
SE TAX: |
|
$354.00 |
SE TAX PER COMPUTER: |
|
$354.00 |
SOCIAL SECURITY AND MEDICARE TAX ON UNREPORTED TIPS: |
|
$0.00 |
SOCIAL SECURITY AND MEDICARE TAX ON UNRE ORTED TI |
ER COM UTER: |
$0.00 |
TAX ON QUALIFIED PLANS F5329 (PR): |
|
$0.00 |
TAX ON QUALIFIED PLANS F5329 PER COM UTER: |
|
$0.00 |
IRAF TAX PER COMPUTER: |
|
$0.00 |
TP TAX FIGURES (REDUCED BY IRAF) PER COM UTER: |
|
$1,103.00 |
IMF TOTAL TAX (REDUCED BY IRAF) PER COM UTER: |
|
$1,103.00 |
OTHER TAXES PER COMPUTER: |
|
$0.00 |
UNPAID FICA ON REPORTED TIPS: |
|
$0.00 |
OTHER TAXES: |
|
$0.00 |
RECAPTURE TAX: F8611: |
|
$0.00 |
HOUSEHOLD EMPLOYMENT TAXES: |
|
$0.00 |
HOUSEHOLD EMPLOYMENT TAXES PER CO PUTER: |
|
$0.00 |
HEALTH C RE RESPONSIBILITY PEN LTY: |
|
$0.00 |
HEALTH C RE RESPONSIBILITY PEN LTY VERIFIED: |
|
$0.00 |
HEALTH COVER GE REC PTURE: F8885: |
|
$0.00 |
RECAPTURE T XES: |
|
$0.00 |
TOTAL SSESSMENT PER COMPUTER: |
|
$1,103.00 |
TOTAL T X LI BILITY TP FIGURES: |
|
$1,103.00 |
TOTAL T X LI BILITY TP FIGURES PER COMPUTER: |
|
$1,103.00 |
Payments
FEDERAL INCOME TAX WITHHELD: |
$1,000.00 |
|
HEALTH CARE: INDIVIDUAL RESPONSIBILITY: |
$0.00 |
|
HEALTH CARE |
0 |
|
E TIMATED TAX |
PAYMENT : |
$0.00 |
OTHER PAYMENT CREDIT: |
$0.00 |
|
REFUNDABLE EDUCATION CREDIT: |
$0.00 |
|
REFUNDABLE EDUCATION CREDIT PER COMPUTER: |
$0.00 |
|
REFUNDABLE EDUCATION CREDIT VERIFIED: |
$0.00 |
|
EARNED INCOME CREDIT: |
$0.00 |
|
EARNED INCOME CREDIT PER COMPUTER: |
$0.00 |
|
EARNED INCOME CREDIT NONTAXABLE COMBAT PAY: |
$0.00 |
|
8/9/2018
Page 5 of 6
SCHEDULE 8812 |
NONTAXABLE COMBAT PAY: |
$0.00 |
EXCESS SOCIAL |
SECURITY & RRTA TAX WITHHELD: |
$0.00 |
SCHEDULE 8812 |
TOT SS/MEDICARE WITHHELD: |
$0.00 |
SCHEDULE 8812 |
ADDITIONAL CHILD TAX CREDIT: |
$0.00 |
SCHEDULE 8812 |
ADDITIONAL CHILD TAX CREDIT PER COMPUTER: |
$0.00 |
SCHEDULE 8812 |
ADDITIONAL CHILD TAX CREDIT VERIFIED: |
$0.00 |
AMOUNT PAID WITH FORM 4868: |
$0.00 |
|
FORM 2439 REGULATED INVESTMENT COMPANY CREDIT: |
$0.00 |
|
FORM 4136 CREDIT FOR FEDERAL TAX ON FUELS: |
$0.00 |
|
SAMPLE |
$0.00 |
|
FORM 4136 CREDIT FOR FEDERAL TAX ON FUELS PER COMPUTER: |
||
HEALTH COVERAGE TX CR: F8885: |
$0.00 |
|
PREMIUM TAX CREDIT AMOUNT: |
$0.00 |
|
PREMIUM TAX CREDIT VERIFIED AMOUNT: |
$0.00 |
|
PRIMARY NAP FIRST TIME HOME BUYER INSTALLMENT AMT: |
$0.00 |
|
SECONDARY NAP |
FIRST TIME HOME BUYER INSTALLMENT AMT: |
$0.00 |
FIRST TIME HOMEBUYER CREDIT REPAYMENT AMOUNT: |
$0.00 |
|
FORM 5405 TOTAL HOMEBUYERS CREDIT REPAYMENT PER COMPUTER: |
$0.00 |
|
SMALL EMPLOYER HEALTH INSURANCE PER COMPUTER: |
$0.00 |
|
SMALL EMPLOYER HEALTH INSURANCE PER COMPUTER (2): |
$0.00 |
|
FORM 2439 AND |
OTHER CREDITS: |
$0.00 |
TOTAL PAYMENTS: |
$1,000.00 |
|
TOTAL PAYMENTS PER COMPUTER: |
$1,000.00 |
|
Refund or Amount Owed
AMOUNT YOU OWE: |
$103.00 |
APPLIED TO NEXT YEAR'S ESTIMATED TAX: |
$0.00 |
ESTIMATED TAX PENALTY: |
$0.00 |
TAX ON INCOME LESS STATE REFUND PER CO UTER: |
$0.00 |
BAL DUE/OVER PYMT USING TP FIG PER CO PUTER: |
$103.00 |
BAL DUE/OVER PYMT USING CO PUTER FIGURES: |
$103.00 |
FORM 8888 TOTAL REFUND PER CO PUTER: |
$0.00 |
Third Party Designee
THIRD P RTY DESIGNEE ID NU BER: |
|
AUTHORIZ TION INDIC TOR: |
0 |
THIRD RTY DESIGNEE N ME: |
|
Schedule
OCIAL |
ECURITY NUMBER: |
|
EMPLOYER |
ID NUMBER: |
|
BU INE |
NAME: |
|
DE CRIPTION OF BU INE /PROFESSION: |
DRAK |
|
NAICS CODE: |
000000 |
|
ACCT MTHD: |
|
|
FIR T TIME CHEDULE C FILED: |
N |
|
TATUTORY EMPLOYEE IND: |
N |
|
INCOME
GROSS RECEIPTS OR SALES: |
$2,700.00 |
RETURNS AND ALLOWANCES: |
$0.00 |
NET GROSS RECEIPTS: |
$0.00 |
COST OF GOODS SOLD: |
$0.00 |
SCHEDULE C FORM 1099 REQUIRED: |
NONE |
8/9/2018
Page 6 of 6
SCHEDULE C FORM 1099 FILED: |
NONE |
OTHER INCOME: |
$0.00 |
EXPENSES
CAR AND TRUCK EXPENSES: |
$0.00 |
DEPRECIATION: |
$0.00 |
INSURANCE (OTHER THAN HEALTH): |
$0.00 |
MORTGAGE INTEREST: |
$0.00 |
LEGAL AND PROFESSIONAL SERVICES: |
$0.00 |
SAMPLE |
$0.00 |
REPAIRS AND MAINTENANCE: |
|
TRAVEL: |
$0.00 |
MEALS AND ENTERTAINMENT: |
$0.00 |
WAGES: |
$0.00 |
OTHER EXPENSES: |
$0.00 |
TOTAL EXPENSES: |
$200.00 |
EXP FOR BUSINESS USE OF HOME: |
$0.00 |
SCH C NET PROFIT OR LOSS PER COMPUTER: |
$2,500.00 |
AT RISK CD: |
|
OFFICE EXPENSE AMOUNT: |
$0.00 |
UTILITIES EXPENSE AMOUNT: |
$0.00 |
COST OF GOODS SOLD
INVENTORY |
AT |
BEGINNING OF |
YEAR: |
$0.00 |
INVENTORY |
AT |
END OF YEAR: |
|
$0.00 |
Schedule
SSN OF |
|
NET FARM PROFIT/LOSS: SCH F: |
$0.00 |
CONSERVATION RESERVE PROGRAM PAY ENTS: |
$0.00 |
NET NONFARM PROFIT/LOSS: |
$2,500.00 |
TOTAL SE INCOME: |
$2,500.00 |
SE QUARTERS COVERED: |
4 |
TOTAL SE TAX PER COMPUTER: |
$353.12 |
SE INCOME COMPUTER VERIFIED: |
$0.00 |
SE INCOME PER COMPUTER: |
$2,308.00 |
TOTAL NET E RNINGS PER CO PUTER: |
$2,308.00 |
LONG FORM ONLY
TENTATIVE |
CHURCH RNINGS: |
$0.00 |
|
TOTAL SOC |
SEC & RR W GES: |
$0.00 |
|
E |
T X |
COMPUTER: |
$286.19 |
E MEDIC RE INCOME PER COMPUTER: |
$2,308.00 |
||
E MEDICARE TAX PER COMPUTER: |
$66.93 |
||
E FARM OPTION METHOD U ED: |
0 |
||
E OPTIONAL METHOD INCOME: |
$0.00 |
||
Form 8863 - Education Credits (Hope and Lifetime Learning Credits)
PART III - ALLOWABLE EDUCATION CREDITS
GROSS EDUCATION CR PER COMPUTER: |
$0.00 |
||
TOTAL EDUCATION CREDIT AMOUNT: |
$0.00 |
||
TOTAL EDUCATION CREDIT AMOUNT PER COMPUTER: |
$0.00 |
|
|
|
This Product Contains Sensitive Taxpayer Data |
|
|
|
|
|
|
8/9/2018
FAQ
-
What is a Tax Return Transcript?
A Tax Return Transcript is a document provided by the IRS that summarizes your tax return information. It includes details such as your income, filing status, and any adjustments made to your return. This document is often used to verify income for loans, mortgages, and other financial applications.
-
How do I obtain a Tax Return Transcript?
You can request a Tax Return Transcript through the IRS website, by mail, or by phone. To order online, visit the IRS website and use the "Get Transcript" tool. If you prefer to request it by mail, you can complete Form 4506-T and send it to the IRS. Alternatively, you can call the IRS at 1-800-908-9946 to request a transcript.
-
What information is included in a Tax Return Transcript?
A Tax Return Transcript includes the following information:
- Your adjusted gross income
- Your filing status
- Taxable income
- Any tax credits or deductions claimed
- Information on dependents
This transcript does not include any line-by-line details of your tax return.
-
Is there a fee to obtain a Tax Return Transcript?
No, there is no fee to obtain a Tax Return Transcript. The IRS provides this service free of charge. However, if you request a different type of transcript or a copy of your tax return, fees may apply.
-
How long does it take to receive my Tax Return Transcript?
If you request your transcript online, you can usually access it immediately. If you request it by mail, it typically takes about 5 to 10 business days to receive it. During peak times, such as tax season, it may take longer.
-
Can I use a Tax Return Transcript for my mortgage application?
Yes, a Tax Return Transcript is often accepted by lenders as proof of income for mortgage applications. It provides a reliable summary of your income and tax information, which helps lenders assess your financial situation.
-
What should I do if I notice an error on my Tax Return Transcript?
If you find an error on your Tax Return Transcript, you should contact the IRS immediately. They can guide you on how to correct any discrepancies. It may involve filing an amended tax return or providing additional documentation to support your claim.
Key takeaways
When filling out and using the Sample Tax Return Transcript form, consider the following key points:
- The form contains sensitive taxpayer data. Always handle it with care.
- Ensure that the correct Social Security Number (SSN) is provided. This is crucial for accurate processing.
- Check the tax period ending date. The form reflects information for a specific tax year, in this case, December 31, 2017.
- Review all income sources listed. This includes wages, business income, and any other relevant income categories.
- Adjustments to income are shown. Be aware of these as they affect the adjusted gross income.
- Understand the tax credits and deductions available. These can significantly impact your tax liability.
- Note the total payments and any amount owed. This helps in planning for future tax obligations.
Form Characteristics
| Fact Name | Details |
|---|---|
| Request Date | 08-09-2018 |
| Response Date | 08-09-2018 |
| Tax Period Ending | Dec. 31, 2017 |
| Filing Status | Single |
| Total Income | $15,500.00 |
| Adjusted Gross Income | $15,323.00 |
| Total Tax Liability | $1,103.00 |
| Amount Owed | $103.00 |