What information is contained in an account transcript

An account transcript contains information on the financial status of a taxpayer's account. Specifically, it includes:

1. Payments Made on the Account: This includes any estimated payments made by the taxpayer.
2. Penalty Assessments: Details of any penalties that have been paid or assessed.
3. Interest Paid/Assessed: Information on interest that has been paid by the taxpayer or assessed by the IRS.
4. Interest Paid to the Taxpayer by the IRS: Any interest that the IRS has paid to the taxpayer.
5. Balance Due with Accruals: The current balance due on the account, including any accruals.

Account transcripts reflect changes made to the original return, such as amendments and adjustments, but they do not contain line-by-line information from the original return. They are available for most returns and are provided free of charge.

Sources:
Publication 1544 (9/2014)
Publication 910
Publication 3920 (9/2014)
Publication 590
Publication 535 (2022)