Tuesday, February 4, 2014

IRS Releases Get Transcript App This Week For All Taxpayers

IRS Releases Get Transcript App This Week For All Taxpayers
IRS has released the Get Transcript app allowing any taxpayer to view, print or download their own transcripts on-line in real-time using a computer or smart phone.

Taxpayers can visit the IRS web site (Get-Transcript), create a user profile using SSN and DOB and answer a number of security questions. After the questions are answered the taxpayer can create an account with a username and password.

There are various types of transcripts that can be viewed through the app. The account transcript provides a history of each tax year from 2013 to 2006. The return transcript shows most line items from your tax return from 2013 back to 2010. The record of account combines the information from tax account and tax return transcripts from 2012 back to 2010. Wage and income transcripts show data from information returns, such as W-2s, 1099s and 1098s from 2013 back to 2004. A verification of nonfiling letter is proof from the IRS that you did not file a return.

In order for an EA or other tax professional to access information, he/she must first submit a Power of Attorney and then go to e-Services to pull the information.

No comments:

Post a Comment