Tax Return Transcript vs Tax Account Transcript

[Casprd 167]

I had requested my tax transcripts by mail using the IRS form, then ran across the automated phone number for requesting the tax transcripts so used this as well. Both sets arrived the same day but one sayx Account Transcript and gives more of a summary of the taxes for the year including the W2 info, while the other says Tax Return transcripts and gives a detail of the return for that year. Am I correct in assuming that the tax return transcript is the one they want to see and not the account transcript?

[garfield529 47]

Yes, use the Tax Return Transcript. The other is a summary and is not what is commonly used. While it might be fine to use the other, since it has the information required, the officer reviewing your case is used to seeing copies of the tax return or the transcripts. You should not risk confusing them. Just my "er fen."

[Casprd 167]

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[sheenaspapi 18]

Requesting transcripts (individuals):

You have two easy and convenient options for getting copies of your federal tax return information--tax return transcripts and tax account transcripts--by phone or by mail.

Request transcripts by calling 1-800-908-9946, or order by mail using IRS Form 4506T (Request for Transcript of Tax Return). We do not charge a fee for transcripts. Allow two weeks for delivery.

Definitions:

A tax return transcript shows most line items from your tax return (Form 1040, 1040A or 1040EZ) as it was originally filed, including any accompanying forms and schedules. It does not reflect any changes you, your representative or the IRS made after the return was filed. In many cases, a return transcript will meet the requirements of lending institutions such as those offering mortgages and for applying for student loans.

A tax account transcript shows any later adjustments either you or the IRS made after the tax return was filed. This transcript shows basic data, including marital status, type of return filed, adjusted gross income and taxable income.