The IRS said that on June 28, 2019, it will stop faxing tax transcripts to…
Millions of taxpayers are going transcript crazy right now and wasting the IRS time that they could be processing our returns. We all need to slow down if you order your transcripts by mail the IRS says to allow them 5-10 days for processing and delivery. The IRS also has a restriction on the time period between orders and the number of times in a calendar year you can order your transcripts by mail. So in my opinion ordering them to soon could mess you up down the road in that calendar year if you may need them for something important.
Mailed transcripts can be helpful for your personal records or to provide information to lending institutions, where you might be applying for a student loan or a mortgage.
TO BE ABLE TO DECIPHER YOUR TAX ACCOUNT YOU WILL NEED TO VIEW THEM ONLINE ONLY. IF YOU DO NOT HAVE THE RESOURCES TO CREATE AN SECURE ONLINE ACCOUNT WITH THE IRS AND VIEW THEM IN REAL-TIME. THEN HONESTLY YOU DO NOT NEED YOUR TRANSCRIPTS.
There is a processing delay between when taxes are Filed/Accepted and when the tax transcripts can be ordered. Review the statements below to ensure you have waited the appropriate length of time and that you do not owe taxes. If none of the below conditions apply to you, you will need to call the IRS to request the transcript and/or troubleshoot.
When entering the information into the IRS address matching system note the following:
The most recently filed tax return isn’t reflected on your transcripts yet because the IRS has not begun processing the return. Your return should post to your account transcript within about one week of the IRS accepting it. The return transcript takes longer for the IRS to post to your account.
This is a good sign but if you can not view them online in real-time they are not going to help you out. You need to follow the transaction codes listed on the account transcript for the progress made on your return and be watching for an 846 Refund Issued Code. When you order them by mail you will wait 5-7 days and by the time the transcripts arrive at your mailbox updates may have occurred on your account. Ordering transcripts by mail will do nothing at all in helping you figure anything out with your tax return.
Yes, there is a good chance they will be blank because the tax return has not begun processing. This is where being able to view your transcripts online is a MUST. If you order them by mail before the IRS begins processing your tax return you will end up with an incomplete transcript. And millions of people follow this trend and it ends up wasting a lot of people’s time and money if they arrive blank. This is why we STRESS you must view them in PDF form online to get real-time updates. If you have a secure online access you can log in and check them as often as you WANT.
Daily Accounts have Tuesday Transcript Updates and Weekly Accounts have a Friday Transcript Updates. You can view our IRS update calenders here and they will show you what days transcripts update for taxpayers.
Victims of identity theft who cannot get a return transcript or use the IRS Data Retrieval Tool must call the IRS’s Identity Protection Specialized Unit (IPSU) toll-free number at 800-908-4490. After the IPSU authenticates the tax filer’s identity, you can ask the IRS to mail you an alternate paper tax return transcript known as the TRDBV (Transcript DataBase View) that will look different than a regular transcript but that is official and can be used for verification.
In addition, the Transcript DataBase View, victims of identity theft must self-certify that they are the victim of identity theft and that they have notified the IRS.
If you have questions related to your transcripts feel free to share them below. AND REMEMBER NEVER ORDER BY MAIL ONLY VIEW THE PDF ONLINE IF YOU WANT REAL-TIME UPDATES!
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