Business tax return transcripts are an invaluable tool for proving your income to lenders who may require them for loans, mortgages or other purposes. A tax return transcript includes most line items from your original return (Form 1040, 1040A or 1040EZ), along with any forms and schedules as filed; however it does not reflect changes made after filing that return by you or your representative.
Obtaining your business tax return transcript online is now simpler than ever. Simply visit the IRS website, select “File”, then choose the option for “Tax Return Transcript”.
To obtain your business tax return transcript online, you’ll need your social security number or individual taxpayer identification number (TIN), date of birth and street address used when filing taxes. Use either the same address that is on file with the IRS if possible or the most recent address submitted when filing taxes.
You can order your business tax return transcript by either fax or mail. When ordering via fax, it will be sent directly to the address you provide with your request. Typically, orders for mailed business tax return transcripts take five to ten business days to process.
When requesting an IRS tax return transcript by mail, you must include the correct mailing address for that year and the name and social security number of the individual who filed it. If a return was filed by an authorized representative, they must also submit a Power of Attorney form along with their request for tax transcript information.
Another way to obtain a business tax return transcript is by filling out Form 4506-T and sending it directly to the IRS with all necessary information. This form can be accessed online or via mail; once completed and returned, your transcript should arrive within 5-10 business days.
Obtaining a copy of your business tax return transcript can be done easily with one of the many free online software programs provided by the IRS. These programs typically come equipped with various tools to assist in filing the return, saving both time and money on preparation.
If you prefer not to use an online service, you can request a transcript by mail or fax. To obtain one by post, complete and sign the IRS Form 4506-T and send it directly to the address on the form. This is often the fastest and most convenient option for obtaining your tax transcript.
A wage and income transcript is another form that you can request from the IRS. It displays all of your earnings and tax withholdings for the previous year, making it useful if you have income from freelance work or investment accounts that aren’t included on your W-2 form.
There are three ways to obtain a wage and income transcript: through the IRS Data Retrieval Tool on your FAFSA application; via an alternative method available on the IRS Website; or, alternatively, you may complete Form 4506-T on paper.