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IRS offers new process for tax preparers to obtain wage, income transcripts

Thursday, February 7, 2019   (0 Comments)
Posted by: Zach Zuber
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The IRS has created a new process that allows tax practitioners to access employer information used in return preparation and electronic filing while also protecting taxpayer data. The new process replaces faxed transcripts.

Starting last September, the IRS began partially masking personally identifiable information for all individuals and entities listed on an individual tax return. These masked transcripts are available to tax professionals through the agency’s Transcript Delivery Service. In addition, as of January, tax professionals who meet certain requirements may also request unmasked wage and income transcripts. These transcripts show the full employer name, address and employer identification number needed by tax preparation software in order to e-file returns.

More details are available on the IRS Fact Sheet 2018-20. A link in that fact sheet provides additional information on the new tax transcripts.

From the Iowa Lawyer Weekly