Just in time for tax season, the IRS has launched a new online Get Transcript portal that taxpayers may use to obtain records of past tax returns -- also called “transcripts” by the IRS. By using the portal, taxpayers can download and print their transcripts immediately. In the past, they had to be obtained by postal mail, a process that took five to 10 business days. The IRS has given the portal a soft launch, so there hasn’t been much publicity about it. IRS transcripts are often used to validate income and tax filing status for mortgage applications, and student and small-business loan applications. They can also come in very handy when you’re doing your taxes, or are being audited by the IRS or other tax agency, and can’t find a prior return in your records. Get Tran...
Jan 13, 2014 by Stephen Fishman
Jan 8, 2014 by Stephen Fishman