Personal Finance and Investing

aving a tax return copy can help the taxpayer to show evidences for all the items he/she claimed, in case audited by the IRS. Most lending institutions also require an applicant to submit a tax return copy when applying for a mortgage or student loan. If the taxpayer needs his/her copy of tax return and cannot find it, there are few simple things on how to obtain a copy of past tax return.

Step 1

Call or visit the tax firm or tax professional who prepared your previous year’s tax return. They can provide a previous copy for free or for a certain fee.

Step 2

Print and complete Form 4506, if you want to have an exact copy of past with all attachments and copy of W2 (see Resources 1). When done, mail it to the address given in the instructions together with the required fee. The check or money order for the fee should be payable to the “United States Treasury.” You may receive the requested documents within 60 days. Copies of tax returns filed for the current and past six years are generally available.

Step 3

Contact the phone number provided on the website, if you want to do transcript request form for free (see References 3). A transcript is a computer print-out that shows most of the line items from your originally filed tax return using Form 1040, 1040A or 1040EZ, including any forms and schedules used. It can be submitted when applying for a mortgage or a student loan. A tax account transcript is a computer print-out that shows any later adjustments done by you, your representative or the after filing your tax return. According to irs.gov, “This transcript shows basic data, including marital status, type of return filed, adjusted gross income and taxable income. Both transcripts are generally available for the current and past three years and are provided free of charge.”

Step 4

Send an transcript request form by mail, if necessary. Print Form 4506-T and fill out all the required information before mailing it (see Resources 2). You may receive your requested copies within two weeks.

References:

1) 2) 3)

Resources:

1) 2) 3)

Check My Other Articles:

Similar Posts:

• How to get a late payment deleted from the credit reports
• How to Rebuild Your Credit Using Your 2009 Tax Returns
• Characteristics of Effective Credit Counseling
• Bankruptcy – How Long Will it Impair Your Credit?
• H&R Block Tax Services: Get Ready For Tax Season!