Quick Take: What Is a Tax Transcript and Why Do You Need One? In short, a tax transcript shows basic data and line items such as adjusted gross income, AGI, or other taxable income, as well as FICA ...

You'd like to buckle down and do your income taxes. Really, you would. But you're missing one key form: last year's federal income tax return. But wait? It will cost you $30 to get an actual copy?

It's tax time, you're digging through your records... and your preparer or tax software asks about tax payments you've already made. Um, was I supposed to track those? Lots of small business owners ...

You should always keep copies of your tax returns for at least three years. But if you accidentally toss out some of that paperwork too soon, don’t stress; you can request a tax transcript from the ...

Tax professionals now face more ID-theft protections when accessing the IRS Centralized Authorization File and Transcript Delivery System. Tax professionals now need to call the Practitioner Priority ...

The IRS and its Security Summit partners have achieved much success in combating identity theft (see “Tax Matters: IRS Touts Progress Against Taxpayer Identity Theft,” JofA, Jan. 2018). However, an ...