Tax Transcripts

[CopaMom 1]

I got the yellow letter in the mail that says I need to bring in tax return info to my interview. Which type of transcript do I need? Here's a definition of both:

Tax Return Transcript

A tax return transcript shows most line items from your tax return (Form 1040, 1040A, or 1040EZ) as it was originally filed, including any accompanying forms and schedules. It does not reflect any changes you, your representative, or the IRS made after the return was filed. In many cases, a return transcript will meet the requirements of lending institutions such as those offering mortgages and for applying for student loans.

Tax Account Transcript

A tax account transcript shows any payments and any later adjustments either you or the IRS made after the tax return was filed. This transcript shows basic data, including marital status, type of return filed, adjusted gross income and taxable income.

TIA

Edited August 3, 2014 by CopaMom

[Sukie 1,463]

You will need the "tax return" transcript! Good luck!

Sukie

[CopaMom 1]

Thank you!

[Ning 619]

I got the yellow letter in the mail that says I need to bring in tax return info to my interview. Which type of transcript do I need? Here's a definition of both:

Tax Return Transcript

A tax return transcript shows most line items from your tax return (Form 1040, 1040A, or 1040EZ) as it was originally filed, including any accompanying forms and schedules. It does not reflect any changes you, your representative, or the IRS made after the return was filed. In many cases, a return transcript will meet the requirements of lending institutions such as those offering mortgages and for applying for student loans.

Tax Account Transcript

A tax account transcript shows any payments and any later adjustments either you or the IRS made after the tax return was filed. This transcript shows basic data, including marital status, type of return filed, adjusted gross income and taxable income.

TIA

You can use the actual return if you also bring the supporting docs. Or obtain the transcripts from the IRS web site.

[CopaMom 1]

You can use the actual return if you also bring the supporting docs. Or obtain the transcripts from the IRS web site.

The original returns would be easiest... but my husband can't find them... and instead of us both stressing out while he searches, I ordered the transcripts