Quick Take: What Is a Tax Transcript and Why Do You Need One? In short, a tax transcript shows basic data and line items such as adjusted gross income, AGI, or other taxable income, as well as FICA ...

You should always keep copies of your tax returns for at least three years. But if you accidentally toss out some of that paperwork too soon, don’t stress; you can request a tax transcript from the ...

Whether you’re filing a simple or complicated tax return, it’s critical to make sure it’s accurate and complete, experts say. You can use IRS transcripts to double-check your tax forms, review past ...

In a memo released in late November, the agency encouraged taxpayers to take steps now to prepare for the upcoming filing ...

The Internal Revenue Service has issued action items taxpayers should follow in preparation of the tax filing season.