IRS reminds taxpayers to plan in advance if you need tax transcripts

The IRS reminds taxpayers that the fastest way to obtain a copy of his transcription of taxes is requesting it online using the application order transcript at IRS.gov. If you plan in advance, they should receive your transcript in the mail within 5 to 10 days from the moment in which the IRS receives the request online. The IRS continues to work for in a future close reinstate the application capabilities that allow you to view and print online with greater security and maintain the protection of your identity. Meanwhile, taxpayers still can request a copy online through ordering transcript to obtain it by mail.

Requesting IRS Tax Transcript Online

Although taxpayers should always keep a copy of your tax return for your records, you may need some information from tax returns filed for many reasons. This includes applicants for University financial aid or taxpayers who have applied for a loan to buy a house or start a business. If a taxpayer is returning to the University in January and are applying for financial aid, they should check with the Department of financial aid from the University if they will need a copy of your transcript until classes begin. Frequently, students gain the information they need from your tax return in the FAFSA application through IRS Data Retrieval (data recovery tool) tool.

How to Request IRS Transcript Online?

Similarly, if a taxpayer intends to apply for a loan, you should ask your financial institution if a transcript is required so that you can plan ahead and keep it at the right time. The fastest way to obtain a transcript is through the order transcript tool on IRS.gov. Although the IRS has temporarily stopped the option to view and print transcripts online, order transcription still allows taxpayers to request your transcript online and receive it by mail. Taxpayers simply click on the “Get transcript by mail” button to request the printed copy of the transcript and it is sent to your address on file with the IRS. Within the options available:

Contact IRS to Request a Tax Transcript

To request a transcript online and that is mailed by email, visit IRS.gov and use order transcription tool.
To order by phone, call 800-908-9946 and follow the instructions.

IRS Form 4506T-EZ

To request a transcript of the personal tax return by mail or fax, complete the form 4506T-EZ, request for a transcript of an individual income tax return short form. Companies and people who need a transcript of tax bill must use form 4506T request for transcript of tax return.
The IRS will mail you the transcript to the address included in your previous year’s tax return. The transcription that you will receive by mail is an official document. You don’t need to be “certified” as it is the case with other types of documents. If a taxpayer has moved since the last time it filed a tax return to the IRS, you first need to submit a form 8822, change form of address, to ensure that the transcript is sent to the correct address. Form 8822 is another reason why taxpayers should plan in advance.

Applying for Financial Aid and Tax Transcript

If a taxpayer is applying for financial aid, are encouraged to use the data recovery tool on the FAFSA website to easily transfer tax information to your financial aid application. The temporary closure of the tool to order transcripts does not affect data recovery tool. Taxpayers can also click on the FAFSA page for more information.

Tax Transcript for Mortgages

If you are applying for a mortgage, most mortgage companies require only a transcript of tax for income verification purposes. Most of these companies through our program IVES (fast income verification service) and available (with consent of the taxpayer) that a transcript be sent directly to the financial institution. If a taxpayer needs to order a transcript, you must follow the process described above so that it is sent to the address that the IRS has on file.

Getting Tax Transcript Online is Fastest

Remember to order a transcript online is the fastest option. For more information read the datasheet of the IRS how can I get my transcript.