• What is the Process of Getting My Tax Transcript?

    March 15, 2022
  • Are you getting a new job and need to know what you claimed on last year’s taxes? Did you want a copy of the last 5 years of tax returns to keep on hand? Then you’ll need to put in a request for getting your tax transcript! If you’re unsure of how to get the process started, JLW Tax & Bookkeeping Services in Springfield, IL has years of experience working with clients to keep them updated and knowledgeable about their taxes all year round. Keep reading below to learn more about the process of getting your tax transcript, and what steps you need to take!

    What is an IRS Tax Transcript?

    An IRS tax transcript is, essentially, a quick overview of your entire tax return and all of the important information listed on a handful of pages to make it easily accessible. Instead of having a copy of 40 or more pages of your complete tax return, requesting a transcript makes finding important items like your adjusted gross income (AGI), your filing status, and even your refund amount much easier to read and keep track of. Requesting a tax transcript can be done at any time for no cost when you meet with our accountants at JLW Tax & Bookkeeping Services in Springfield, IL.

    A 4506-T form for a request for a transcript of a tax return on a table with surrounding papers and a red pen in Springfield, IL.How Do I Request an IRS Transcript?

    Requesting a tax transcript is easy! If you live in the Springfield, IL area and are looking to work with a professional and experienced accountant, JLW Tax & Bookkeeping Services has been the number one pick for central IL residents. If you’ve filed taxes with us before or need us to access your IRS accounts to have your transcript delivered to you, our accountants are here to help every step of the way. All we need is your name, mailing address, social security number, date of birth, and the filing status of the tax return you are requesting, and we will have it mailed to your home in no time.

    Other Ways to Get Your Tax Transcript

    If you have never worked with our accountants before, or any other accountant for that matter, and need a one-time service of requesting a tax transcript, there are other options out there. The official IRS website has everything you need to know about taxes, and getting information sent to your home. You’ll first want to go to the IRS website and in the search bar, type in “Get transcript”. Next, you’ll want to confirm your identity through their processing system by supplying your social security number, date of birth, mailing address, and current filing status. Depending on whether or not you’re wanting an older transcript or a recently filed one, you may be asked to fill out a form at mail it to the IRS, after which you will be sent an enclosed copy of your tax transcript in Springfield, IL.

    An accountant holding up a blue clipboard with a 4506-tax form that is a request for a copy of a previously filed tax return in Springfield, IL.When Might You Need a Tax Transcript?

    Besides requesting a tax transcript to have a personal copy on hand, what other reasons might you need to have one? If you’ve accidentally misplaced your tax information, made a mistake on a previous or current tax return, or an outside source is asking for tax information for a loan, you’ll need to have multiple copies of your tax transcript in your possession. You may also need your tax information when applying for schools or even health insurance. All in all, it’s good to have a legal copy stowed away with other important documentation for just about any major life occasion you can think of. Get help from our Springfield, IL accountants at JLW Tax & Bookkeeping Services today when you schedule a consultation at (217) 679-1872.