![]() 3 At the same time, the IRS amended Form 4506-T, Request for Transcript of Tax Return, to end mailing of transcripts to third parties. In 2019, the IRS changed its procedures to disallow faxing most transcripts to taxpayers and practitioners. There are specific procedures through which tax transcripts can be obtained with a Form 2848 or Form 8821 authorization. 2 However, a direct method for a taxpayer representative, either an internal employee or a third-party representative, to substantiate authorization and obtain a transcript is to file Form 2848, Power of Attorney and Declaration of Representative, or Form 8821, Tax Information Authorization, with the IRS. Taxpayer employees may interact with the IRS by verifying particular taxpayer information through specific lines of authorization questioning by the IRS such authorization questioning potentially allows the mailing of certain transcripts. To obtain tax transcripts, those seeking taxpayer information must meet specific authorization requirements, because the IRS is legally bound to protect taxpayer information and as a result will not release information if authorization procedures are not successfully followed. How a taxpayer or practitioner obtains tax transcripts has changed in recent years due to steps the IRS has taken to modernize its information technology systems and safeguard sensitive taxpayer information. This information is divided into the Individual Master File (IMF), the Business Master File (BMF), the Employee Plans Master File (EMPF), and the Individual Retirement Account File. ![]() The IRS synthesizes that information in a database known as the Integrated Data Retrieval System (IDRS). Tax transcripts contain the information that taxpayers transmit to the IRS by filing a tax return, filing information returns, filing elections, submitting correspondence, or making payments. Question: What tax transcripts can be obtained from the IRS, and what are some specific circumstances in which tax transcripts prove useful? ![]() Internal Revenue Service tax transcripts can be a valuable tool when a tax professional is amending a tax return, filing a tentative claim for refund, verifying entity elections, tracking payments and credits, monitoring the IRS’ processing of filings, and determining information about an entity, like its filing status and the end of its tax year.
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