The types of transcripts available to you include:
- Tax Return Transcript: This transcript is used to validate income and tax filing status for various applications such as mortgages, student loans, and small business loans. It includes most line items from the original tax return (Form 1040 series) as filed.
- Tax Account Transcript: This transcript provides information on the financial status of your account, including payments made, penalty assessments, and adjustments made after the return was filed. It includes items such as tax liability and estimated tax payments.
- Record of Account Transcript: This transcript is a combination of the tax return transcript and the tax account transcript. It includes line items from the originally filed return and any adjustments made by you or the IRS after the return was filed.
- Wage and Income Transcript: This transcript includes data from information returns such as Forms W-2, 1099 series, 1098 series, and 5498 series. It may include up to 10 years of information, but current year data is generally not available until the year after it is filed with the IRS.
- Verification of Nonfiling Letter: This document provides proof that the IRS has no record of a filed Form 1040-series tax return for the year you requested. It does not indicate whether you were required to file a return for that year.
These transcripts can be obtained through various methods, including online via the IRS website, by mail, or by using the IRS2Go app.
Sources:
Publication 584-B (10/2017)
Publication 1544 (9/2014)
Publication 910
Publication 3920 (9/2014)
Publication 590
Publication 535 (2022)
