Information in 4506-T transcript?


G

galectin

I am helping someone get information on taxes filed for her
for last year. She needs to find out where her income on
Schedule B and Schedule D came from. It's a complicated
thing with a family member having helped her, but she now
wants to get this information quietly.

Will the information of where the income came from be
included in a 4506-T transcript, or will only the total be
listed. If she can't get the original names (banks,
investment brokers, etc.), she will probably have to file a
4506 to get an exact copy of last year's return. Thanks.

WGC
 
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B

Barney Byrd

galectin said:
She needs to find out where her income on Sche-
dules B and Schedule D came from.

If she can't get the original names (banks, invest-
ment brokers, etc.), she will probably have to file a
4506 to get an exact copy of last year's return.
I'm not sure if a Form 4506-T transcript will include the
amount of detail she is looking for. But, information
return, i.e., Forms W-2, 1099, 1098, etc., transcripts will.
I recommend you ask for both, but you will need to make
separate requests for the information. A member of my
family recently wrote to one of the IRS campuses to ask for
information returns transcripts. They arrived in the mail
about 30 days later. IRS does not charge for providing
transcripts but IRS does charge for providing a copy of a
tax return.

If you decide to ask for information returns transcripts
("IRPTRO" transcripts), specifically request copies of all
information returns such as Forms W-2, 1099, 1098, and 5498.
If one spouse is requesting information returns filed under
both spouse's SSNs, it's important that the spouse making
the request state that a joint return was filed for the
year(s) needed (if in fact that's the case).

Barney Byrd
 

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