IRS Transcript Codes – Announces New “Get Transcript” Service

Trying to understand IRS Transcripts codes?  This is must read information…

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form4506

Early in 2014, a new online request option called “Get Transcript” on IRS.gov will allow individual taxpayers with an SSN to instantly view and print a copy of their tax transcripts. With Get Transcript, taxpayers will save both time and effort. When the new service is available, transcript requests will generally be referred to the online tool. Taxpayers will be able to use the tool to authenticate, view and print copies of their transcript in one session. Taxpayers will still also be able to request that a transcript be mailed to their address of record by using the existing online tool or sending in Form 4506T. A specific date when Get Transcript will be available will be announced early in 2014.

Go to the IRS transcript code page to find out the meaning of transcript codes and determine the status of your refund.

The tool will be available for five types of transcripts: tax account, tax return, record of account, wage and income, and verification of non-filing.

Source:  http://www.irs.gov/uac/Some-IRS-Assistance-and-Taxpayer-Services-Shift-to-Automated-Resources

What is a transcript?

A tax return transcript shows most line items from your tax return (Form 1040, 1040A or 1040EZ) as it was originally filed, including any accompanying forms and schedules. It does not reflect any changes you, your representative or the IRS made after the return was filed. In many cases, a return transcript will meet the requirements of lending institutions such as those offering mortgages and for applying for student loans. A tax account transcript shows any later adjustments either you or the IRS made after the tax return was filed. This transcript shows basic data, including marital status, type of return filed, adjusted gross income and taxable income.

What does IGMR think about transcripts?

Ordering transcript can only definitively mean you exist to the IRS. However, it has been a theory around here that after transcript success, you have made some progress and are likely get a DDD soon. But please keep in mind that it has also been reported that after success at transcript, you could still be held up for various reasons.

Please see the various posts from our users about this topic old threads can be found by using our Search button, on the Hot Tab or in the forums.

Tax Return vs. Tax Account Transcript, Order Your Transcript, Send Your Transcript to a Third Party or Order a Copy of Your Tax Return at the IRS Website:

IRS Transcript Tools –  http://www.irs.gov/uac/Tax-Return-Transcripts

The phone number for IRS transcript help:  800-908-9946

Go here to join the latest conversation about IRS tax return transcripts:  http://igotmyrefund.com/transcripts/