What are the types of Transcripts I Can Order?
There are five types of IRS transcripts, which taxpayers can now access online:
- An account transcript provides an overview of your account. It shows filings, extensions,
withholding, credits and any follow-up transactions on your account, including penalties,
assessments, IRS inquiries and other account activity. Basically, if there have been any IRS
actions on your account, they will appear on this transcript.
- A return transcript shows most lines from the original tax return as it was processed. Changes made
to the return after it was processed are not reflected, including any amended returns filed
. If you need a copy of your tax return for any reason, such as a loan or financial aid
application, this is the transcript to use.
- A record of account transcript is simply a combination of the account and return transcripts. The
IRS makes this available because it shows the big picture, from your original return filed to any
changes made to the return after processing.
- A wage and income transcript provides a listing of information statements (Forms W-2, 1099)
that show income reported to the IRS under your Social Security number. You can use this
transcript to help with your due diligence in filing an extended tax return, verify employment, or
keep a personal record of income.
- A verification of nonfiling letter is a transcript that is automatically produced when the IRS does
not have your return on file or has not yet processed your filed return.