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Do accountants have to keep a tax return transcript for more than ten years on file?
Wiki User
∙ 13y ago
The IRS has a strict set of rules for everyone who prepares taxes. So due to these rules it is required that Accountants keep a tax return transcript on file for at least 7 years. Some though will keep them on file for a lot longer.
Wiki User
∙ 13y ago
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Can you still get a tax return from 2005?
There are two options for getting copies of previous years' returns. One, file Form 4506 (Request for Copy of Tax Return) to request an exact copy of the previous year's return. All attachments, including Form W-2, are included in this option. The IRS charges a $57.00 fee for each year requested. The previous six years' returns plus the current year's return are available. It takes above two months to process this request.Two, file Form 4506-T (Request for Transcript of Tax Return) to request a computer printout of the information on your return (transcript). Transcripts are provided at no charge. They're available for the current and past three years. It takes 10-30 business days to process this request.
How do you get last years tax file?
I was just asking myself the same question. I got this answer; hope it helps! It happens every year. Just when you get motivated to get rolling on your taxes, you realize you can't find the return you filed last year. Aaaarrrrggg! First off, don't panic if you can't find the return. Yes, you need it to know what you claimed last year and how those claims relate to this years return. All is not lost, however. The IRS will provide you with a copy of your past tax returns if you ask nicely. Here is how to go about it. The IRS will not send you the actual tax return. The agency, however, will send you their version of it. This is known as a tax return transcript and is a layout of the information you provided. It is essentially your return, but doesn't look like it. You can rely on the transcript as though it was your original return. When you contact the IRS to get the transcript, it is important to understand there are two types available. As is usual with the IRS, there are two choices just to confuse you. The first is the tax return transcript that is essentially the return you filed. The tax account transcript is your original return as modified by any changes made by the IRS or you. Which one is the correct one? If the IRS has not contacted you about an issue with the return, it is the tax return transcript. If they have, it the tax account transcript. The IRS will give you any return for the past three filing years. The service is free. To get the copy, you can call the IRS at 800-829-1040. Alternatively, you can get a copy by filling out and mailing in IRS Form 4506-T. It takes two weeks to a month for the agency to get the copy to you. If you discover you have a problem just before the relevant filing deadline, file for an extension so you don't run afoul of filing laws. Remember, you have to pay any taxes due regardless of the extension, so try to guesstimate what you will owe. If you lose a past tax return, there is no need to panic. The IRS will be happy to send you a copy. After all, an audit agent probably has the file on their desk as we speak! Richard A. Chapo is with BusinessTaxRecovery.com - providing information on tax debt relief.
How do you find out if you filed a tax return for 2005?
Call the IRS at 1-800-829-1040. Or you can file Form 4506-T (Request for Transcript of Tax Return). A transcript is a computer printout of the information on your tax return. Transcripts generally are available for the current year plus the previous three years. The IRS doesn't charge for this service. It takes about 10-30 to process this request. For more information, go to www.irs.gov/taxtopics for Topic 153: What to Do if You Haven't Filed Your Tax Return and Topic 156: Copy of Your Tax Return - How to Get One.
Can you file a recent Tax return now and a past years tax return later?
Yes you can do this if you choose to do it.
Where do you get a copy of your W2?
The company that issued you the W-2 is required to keep copies on file for three years. If you cannot get a copy from them, you can request a transcript of your income record from the IRS. Note that no state income tax withholding will appear thereon. You can also use your final paystub to recreate the information and file a substitute W-2 with your income tax return.
How long should a person keep their tax return transcript for?
Tax professionals commend that you keep your transcript for 7 to 10 years. Don't forget to file away your receipts and other supporting documents.
How can you find out if a person declared taxes in the last three years?
If you're not sure whether you filed tax returns, you can call the IRS at 1-800-829-1040. You also can file Form 4506-T (Request for Transcript of Tax Return). A transcript is a computer printout of the information on your return. A transcript generally is available for the current year plus the previous three years. It takes about 10-30 days to process this request. The IRS doesn't charge for this service.For more information, go to www.irs.gov/taxtopics for Topic 153 (What to Do if You Haven't Filed Your Tax Return) and topic 156 (Copy of Your Tax Return - How to Get One).
Where can you obtain a personalized copy of your 2008 IRS return for less than 20.00?
A transcript is a computer printout of information on your tax return, including W-2 information. Transcripts are accepted by lending agencies such as for student loans and mortgages. Form 4506-T is Request for Transcript of Tax Return. File Form 4506-T for a transcript, which is available for the current year plus previous three years. It takes 10-30 days to process the request. The IRS doesn't charge for this service.For more information, go to www.irs.gov/taxtopics for Topic 156 (Copy of Your Tax Return - How to Get One).
Can you still get a tax return from 2005?
There are two options for getting copies of previous years' returns. One, file Form 4506 (Request for Copy of Tax Return) to request an exact copy of the previous year's return. All attachments, including Form W-2, are included in this option. The IRS charges a $57.00 fee for each year requested. The previous six years' returns plus the current year's return are available. It takes above two months to process this request.Two, file Form 4506-T (Request for Transcript of Tax Return) to request a computer printout of the information on your return (transcript). Transcripts are provided at no charge. They're available for the current and past three years. It takes 10-30 business days to process this request.
How can you get a copy of your 2007 tax documents?
There are two options for getting a copy of a previous year's return. One, if you need an exact copy (including all attachments and W-2s, etc.), file Form 4506 (Reuqest for Copy of Tax Return). There's a $57.00 fee for each year requested. It takes about two months to process the request. Exact copies of the current year plus the previous six years are available.Two, a transcript (computer printout of the information on your return) is usually accepted by lending agencies for student loans and mortgages. To request a transcript, file Form 4506-T(Request for Transcript of Tax Return). There's no charge. It takes about 10-30 days to process this request. Transcripts are usually available for the current year plus the previous three years.
How do you get last years tax file?
I was just asking myself the same question. I got this answer; hope it helps! It happens every year. Just when you get motivated to get rolling on your taxes, you realize you can't find the return you filed last year. Aaaarrrrggg! First off, don't panic if you can't find the return. Yes, you need it to know what you claimed last year and how those claims relate to this years return. All is not lost, however. The IRS will provide you with a copy of your past tax returns if you ask nicely. Here is how to go about it. The IRS will not send you the actual tax return. The agency, however, will send you their version of it. This is known as a tax return transcript and is a layout of the information you provided. It is essentially your return, but doesn't look like it. You can rely on the transcript as though it was your original return. When you contact the IRS to get the transcript, it is important to understand there are two types available. As is usual with the IRS, there are two choices just to confuse you. The first is the tax return transcript that is essentially the return you filed. The tax account transcript is your original return as modified by any changes made by the IRS or you. Which one is the correct one? If the IRS has not contacted you about an issue with the return, it is the tax return transcript. If they have, it the tax account transcript. The IRS will give you any return for the past three filing years. The service is free. To get the copy, you can call the IRS at 800-829-1040. Alternatively, you can get a copy by filling out and mailing in IRS Form 4506-T. It takes two weeks to a month for the agency to get the copy to you. If you discover you have a problem just before the relevant filing deadline, file for an extension so you don't run afoul of filing laws. Remember, you have to pay any taxes due regardless of the extension, so try to guesstimate what you will owe. If you lose a past tax return, there is no need to panic. The IRS will be happy to send you a copy. After all, an audit agent probably has the file on their desk as we speak! Richard A. Chapo is with BusinessTaxRecovery.com - providing information on tax debt relief.
What do I do if my local tax place says I didn't file taxes for 1993 and they want a copy of my tax forms that I no longer have but I know that I filed?
The IRS keeps tax information for at least ten years. Call the IRS at 1-800-829-1040 to see about getting a copy or a transcript of your return. The IRS charges a fee of $57.00 for an exact copy of your return. There's no charge for a transcript (a computer printout of the information on your return). For more information, go to www.irs.gov/taxtopics for Topic 156 (Copy of Your Tax Return: How to Get One).
How do you find out if you filed a tax return for 2005?
Call the IRS at 1-800-829-1040. Or you can file Form 4506-T (Request for Transcript of Tax Return). A transcript is a computer printout of the information on your tax return. Transcripts generally are available for the current year plus the previous three years. The IRS doesn't charge for this service. It takes about 10-30 to process this request. For more information, go to www.irs.gov/taxtopics for Topic 153: What to Do if You Haven't Filed Your Tax Return and Topic 156: Copy of Your Tax Return - How to Get One.
Can you file a recent Tax return now and a past years tax return later?
Yes you can do this if you choose to do it.
who has to file a return ?
Who has to file a return
Where do you get a copy of your W2?
The company that issued you the W-2 is required to keep copies on file for three years. If you cannot get a copy from them, you can request a transcript of your income record from the IRS. Note that no state income tax withholding will appear thereon. You can also use your final paystub to recreate the information and file a substitute W-2 with your income tax return.
What tax form would file to correct a mistake on last years tax form?
You need to file a 1040X (amended). You have 3 years to file an amended return after your original filing.
