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The Sample Tax Return Transcript form is a crucial document for anyone needing to verify their income and tax information. This form provides a summary of your tax return as filed, including essential details such as your Social Security Number (SSN), filing status, and income sources. For example, it outlines wages, salaries, and other income types, along with adjustments made to your income. Tax credits and liabilities are also clearly presented, helping you understand your financial obligations. If you have dependents, their information will be included as well. Additionally, the form lists payments made and any amounts owed or refunded. Knowing how to read this transcript can save you time and prevent errors when preparing your taxes or applying for loans. It’s important to keep this information secure, as it contains sensitive taxpayer data. Understanding the Sample Tax Return Transcript is vital for ensuring your financial records are accurate and up-to-date.
Dos and Don'ts
When filling out the Sample Tax Return Transcript form, it is essential to follow certain guidelines to ensure accuracy and compliance. Here are nine important do's and don'ts to keep in mind:
- Do provide accurate information for all required fields, including your Social Security Number (SSN) and the tax period ending date.
- Don't leave any mandatory fields blank. Missing information can delay processing.
- Do double-check all figures entered, especially income and deductions, to avoid discrepancies.
- Don't use any special characters or symbols in the form, as this may cause errors in data processing.
- Do keep a copy of the completed form for your records. This can be useful for future reference.
- Don't submit the form without reviewing it for accuracy. Errors can lead to complications with your tax return.
- Do follow the instructions provided on the form carefully to ensure compliance with IRS requirements.
- Don't forget to sign and date the form before submission. An unsigned form may be considered invalid.
- Do submit the form through the recommended channels, whether electronically or by mail, to ensure timely processing.
By adhering to these guidelines, you can help ensure that your Sample Tax Return Transcript form is completed correctly and submitted on time.
Document Attributes
| Fact Name | Description |
|---|---|
| Purpose | The Sample Tax Return Transcript form provides a summary of a taxpayer's income, deductions, and credits as reported on their tax return. |
| Tax Period | This specific transcript reflects the tax period ending on December 31, 2017, capturing relevant financial data for that year. |
| Filing Status | The taxpayer's filing status is categorized as "Single," which affects the tax rates and deductions applicable to them. |
| Income Summary | The total income reported on this transcript amounts to $15,500, which includes various sources like wages and business income. |
| Tax Liability | The total tax liability calculated for the taxpayer is $1,103, which is the amount owed after considering deductions and credits. |
Key takeaways
Here are some important points to remember when filling out and using the Sample Tax Return Transcript form:
- Understand the Purpose: The transcript provides a summary of your tax return, including income, deductions, and credits.
- Check Your Information: Ensure all personal details, such as your name and Social Security Number (SSN), are accurate.
- Review Income Sources: The form lists various income types, including wages and business income. Verify these amounts match your records.
- Adjustments Matter: Look at the adjustments to income section. This can impact your taxable income and overall tax liability.
- Tax Credits and Deductions: Familiarize yourself with the credits and deductions listed. They can significantly reduce your tax bill.
- Payments Section: Check the payments you've made, such as withholding and estimated payments, to ensure they are correctly recorded.
- Understand Your Balance: The form shows whether you owe money or if you will receive a refund. Be aware of this balance to avoid surprises.
- Keep it Secure: Since the transcript contains sensitive information, store it in a safe place and limit access to authorized individuals.
Other PDF Templates
Printable Timesheet Template - Consult with HR for any questions regarding payroll entries.
For those looking to facilitate the transfer of ownership, a Bill of Sale form is an essential legal document. It not only provides proof of the transaction but also includes key information such as item descriptions, sale prices, and the identities of the involved parties. To ensure clarity and compliance during this process, you may want to explore resources such as Free Business Forms, which can guide you in completing the document accurately.
Free Owner Operator Lease Agreement - Contract modifications are only valid when formally documented and signed by both parties.
Citibank Direct Deposit Time - Fill out this form to designate your Citibank account for direct deposits.
Example - Sample Tax Return Transcript Form
Page 1 of 6
This Product Contains Sensitive Taxpayer Data
Tax Return Transcript
|
Request Date: |
|
|
Response Date: |
|
|
Tracking Number: |
100200235179 |
|
Customer File Number: |
0987654321 |
SSN Provided: |
|
Tax Period Ending: Dec. 31, 2017
The following items reflect the amount as shown on the return (PR), and the amount as adjusted (PC), if applicable. They do not show subsequent activity on the account.
SSN: |
|
|
SPOUSE SSN: |
|
|
NAME(S) SHOWN ON RETURN: DRAK |
||
ADDRESS: |
|
123 DA |
FILING STATUS: |
Single |
|
FORM NUMBER: |
|
1040 |
CYCLE POSTED: |
20181005 |
|
RECEIVED DATE: |
Jan.15, 2018 |
|
REMITTANCE: |
|
$0.00 |
EXEMPTION NUMBER: |
1 |
|
DEPENDENT 1 |
N ME CTRL: |
|
DEPENDENT 1 |
SSN: |
|
DEPENDENT 2 |
N ME CTRL: |
|
DEPENDENT 2 |
SSN: |
|
DEPENDENT 3 |
N ME CTRL: |
|
DEPENDENT 3 |
N: |
|
DEPENDENT 4 |
N ME CTRL: |
|
DEPENDENT 4 |
N: |
|
PTIN: |
|
|
PREPARER EIN: |
|
|
Income
WAGES, SALARIES, TIPS, ETC: |
$13,000.00 |
TAXABLE INTEREST INCOME: SCH B: |
$0.00 |
$0.00 |
|
ORDINARY DIVIDEND INCOME: SCH B: |
$0.00 |
QUALIFIED DIVIDENDS: |
$0.00 |
REFUNDS OF STATE/LOCAL TAXES: |
$0.00 |
8/9/2018
Page 2 of 6
ALIMONY RECEIVED: |
|
$0.00 |
BUSINESS INCOME OR LOSS (Schedule C): |
|
$2,500.00 |
BUSINESS INCOME OR LOSS: SCH C PER COMPUTER: |
|
$2,500.00 |
CAPITAL GAIN OR LOSS: (Schedule D): |
|
$0.00 |
CAPITAL GAINS OR LOSS: SCH D PER COMPUTER: |
|
$0.00 |
OTHER GAINS OR LOSSES (Form 4797): |
|
$0.00 |
TOTAL IRA DISTRIBUTIONS: |
|
$0.00 |
TAXABLE IRA DISTRIBUTIONS: |
|
$0.00 |
TOTAL PENSIONS AND ANNUITIES: |
|
$0.00 |
SAMPLE |
$0.00 |
|
TAXABLE PENSION/ANNUITY AMOUNT: |
|
|
RENT/ROYALTY/PARTNERSHIP/ESTATE (Schedule E): |
|
$0.00 |
RENT/ROYALTY/PARTNERSHIP/ESTATE (Schedule E) PER COMPUTER: |
|
$0.00 |
RENT/ROYALTY INCOME/LOSS PER COMPUTER: |
|
$0.00 |
ESTATE/TRUST INCOME/LOSS PER COMPUTER: |
|
$0.00 |
|
$0.00 |
|
FARM INCOME OR LOSS (Schedule F): |
|
$0.00 |
FARM INCOME OR LOSS (Schedule F) PER COMPUTER: |
|
$0.00 |
UNEMPLOYMENT COMPENSATION: |
|
$0.00 |
TOTAL SOCIAL SECURITY BENEFITS: |
|
$0.00 |
TAXABLE SOCIAL SECURITY BENEFITS: |
|
$0.00 |
TAXABLE SOCIAL SECURITY BENEFITS PER COM UTER: |
|
$0.00 |
OTHER INCOME: |
|
$0.00 |
SCHEDULE EIC SE INCOME PER COMPUTER: |
|
$2,323.00 |
SCHEDULE EIC EARNED INCOME PER COMPUTER: |
$15,323.00 |
|
SCH EIC DISQUALIFIED INC COMPUTER: |
|
$0.00 |
TOTAL INCOME: |
$15,500.00 |
|
TOTAL INCOME PER COMPUTER: |
$15,500.00 |
|
Adjustments to Income
EDUCATOR EXPENSES: |
|
$0.00 |
||
EDUCATOR EXPENSES PER CO PUTER: |
$0.00 |
|||
RESERVIST AND OTHER |
BUSINESS EXPENSE: |
$0.00 |
||
HEALTH |
VINGS |
CCT |
DEDUCTION: |
$0.00 |
HEALTH S VINGS |
CCT |
DEDUCTION PER CO PTR: |
$0.00 |
|
MOVING EXPENSES: F3903: |
$0.00 |
|||
SELF EMPLOYMENT T X DEDUCTION: |
$177.00 |
|||
SELF EMPLOYMENT T X DEDUCTION PER COMPUTER: |
$177.00 |
|||
ELF EMPLOYMENT T X DEDUCTION VERIFIED: |
$0.00 |
|||
KEOGH/ EP CONTRIBUTION DEDUCTION: |
$0.00 |
|||
$0.00 |
||||
EARLY WITHDRAWAL OF |
AVINGS PENALTY: |
$0.00 |
||
ALIMONY PAID |
N: |
|
|
|
ALIMONY PAID: |
|
|
$0.00 |
|
IRA DEDUCTION: |
|
|
$0.00 |
|
IRA DEDUCTION PER COMPUTER: |
$0.00 |
|||
STUDENT LOAN INTEREST DEDUCTION: |
$0.00 |
|||
STUDENT LOAN INTEREST DEDUCTION PER COMPUTER: |
$0.00 |
|||
STUDENT LOAN INTEREST DEDUCTION VERIFIED: |
$0.00 |
|||
TUITION AND FEES DEDUCTION: |
$0.00 |
|||
TUITION AND FEES DEDUCTION PER COMPUTER: |
$0.00 |
|||
DOMESTIC PRODUCTION ACTIVITIES DEDUCTION: |
$0.00 |
|||
8/9/2018
Page 3 of 6
DOMESTIC PRODUCTION ACTIVITIES DEDUCTION PER COMPUTER: |
|
$0.00 |
|||
OTHER ADJUSTMENTS: |
|
|
$0.00 |
||
ARCHER MSA DEDUCTION: |
|
$0.00 |
|||
ARCHER MSA DEDUCTION PER COMPUTER: |
|
$0.00 |
|||
TOTAL ADJUSTMENTS: |
|
|
$177.00 |
||
TOTAL ADJUSTMENTS PER COMPUTER: |
|
$177.00 |
|||
ADJUSTED GROSS INCOME: |
$15,323.00 |
||||
ADJUSTED GROSS INCOME PER COMPUTER: |
$15,323.00 |
||||
SAMPLE |
|
||||
Tax and Credits |
|
|
|||
|
|
NO |
|||
BLIND: |
|
|
|
|
NO |
SPOUSE |
|
|
NO |
||
SPOUSE BLIND: |
|
|
NO |
||
STANDARD DEDUCTION PER COMPUTER: |
|
$4,850.00 |
|||
ADDITIONAL STANDARD DEDUCTION PER COMPUTER: |
|
$0.00 |
|||
TAX TABLE INCOME PER COMPUTER: |
$10,473.00 |
||||
EXEMPTION AMOUNT PER COMPUTER: |
|
$3,100.00 |
|||
TAXABLE INCOME: |
|
|
$7,373.00 |
||
TAXABLE INCOME PER COMPUTER: |
|
$7,373.00 |
|||
TOTAL POSITIVE INCOME PER COMPUTER: |
$15,500.00 |
||||
TENTATIVE TAX: |
|
|
$749.00 |
||
TENTATIVE TAX PER COMPUTER: |
|
$749.00 |
|||
FORM 8814 ADDITIONAL TAX AMOUNT: |
|
$0.00 |
|||
TAX ON INCOME LESS SOC SEC INCOME PER COM UTER: |
|
$0.00 |
|||
FORM 6251 ALTERNATIVE MINIMUM TAX: |
|
$0.00 |
|||
FORM 6251 ALTERNATIVE INI UM TAX PER CO UTER: |
|
$0.00 |
|||
FOREIGN TAX CREDIT: |
|
$0.00 |
|||
FOREIGN TAX CREDIT PER CO PUTER: |
|
$0.00 |
|||
FOREIGN INCOME EXCLUSION PER CO PUTER: |
|
$0.00 |
|||
FOREIGN INCOME EXCLUSION TAX PER CO PUTER: |
|
$0.00 |
|||
EXCESS ADVANCE PREMIUM TAX CREDIT REPAY ENT OUNT: |
|
$0.00 |
|||
EXCESS |
DV NCE PREMIUM T X CREDIT REP Y ENT VERIFIED A OUNT: |
|
$0.00 |
||
CHILD & DEPENDENT C RE CREDIT: |
|
$0.00 |
|||
CHILD & DEPENDENT C RE CREDIT PER COMPUTER: |
|
$0.00 |
|||
CREDIT FOR ELDERLY |
ND DIS BLED: |
|
$0.00 |
||
CREDIT FOR ELDERLY |
ND DIS BLED PER COMPUTER: |
|
$0.00 |
||
EDUCATION CREDIT: |
|
|
$0.00 |
||
EDUCATION CREDIT PER COMPUTER: |
|
$0.00 |
|||
GRO EDUC TION CREDIT PER COMPUTER: |
|
$0.00 |
|||
RETIREMENT |
AVINGS CNTRB CREDIT: |
|
$0.00 |
||
RETIREMENT |
AVINGS CNTRB CREDIT PER COMPUTER: |
|
$0.00 |
||
PRIM RET |
|
AV CNTRB: F8880 LN6A: |
|
$0.00 |
|
EC RET |
AV CNTRB: F8880 LN6B: |
|
$0.00 |
||
TOTAL RETIREMENT |
AVINGS CONTRIBUTION: F8880 CMPTR: |
|
$0.00 |
||
RESIDENTIAL ENERGY CREDIT: |
|
$0.00 |
|||
RESIDENTIAL ENERGY CREDIT PER COMPUTER: |
|
$0.00 |
|||
CHILD TAX CREDIT: |
|
|
$0.00 |
||
CHILD TAX CREDIT PER COMPUTER: |
|
$0.00 |
|||
ADOPTION CREDIT: F8839: |
|
$0.00 |
|||
ADOPTION CREDIT PER COMPUTER: |
|
$0.00 |
|||
8/9/2018
Page 4 of 6
FORM 8396 MORTGAGE CERTIFICATE CREDIT: |
$0.00 |
|
FORM 8396 MORTGAGE CERTIFICATE CREDIT PER COMPUTER: |
$0.00 |
|
F3800, F8801 AND OTHER CREDIT AMOUNT: |
$0.00 |
|
FORM 3800 GENERAL BUSINESS CREDITS: |
$0.00 |
|
FORM 3800 GENERAL BUSINESS CREDITS PER COMPUTER: |
$0.00 |
|
PRIOR YR MIN TAX CREDIT: F8801: |
$0.00 |
|
PRIOR YR MIN TAX CREDIT: F8801 PER COMPUTER: |
$0.00 |
|
F8936 |
ELECTRIC MOTOR VEHICLE CREDIT AMOUNT: |
$0.00 |
F8936 |
ELECTRIC MOTOR VEHICLE CREDIT PER COMPUTER: |
$0.00 |
SAMPLE |
$0.00 |
|
F8910 |
ALTERNATIVE MOTOR VEHICLE CREDIT AMOUNT: |
|
F8910 |
ALTERNATIVE MOTOR VEHICLE CREDIT PER COMPUTER: |
$0.00 |
OTHER CREDITS: |
$0.00 |
|
TOTAL CREDITS: |
$0.00 |
|
TOTAL CREDITS PER COMPUTER: |
$0.00 |
|
INCOME TAX AFTER CREDITS PER COMPUTER: |
$749.00 |
|
Other Taxes
SE TAX: |
|
$354.00 |
SE TAX PER COMPUTER: |
|
$354.00 |
SOCIAL SECURITY AND MEDICARE TAX ON UNREPORTED TIPS: |
|
$0.00 |
SOCIAL SECURITY AND MEDICARE TAX ON UNRE ORTED TI |
ER COM UTER: |
$0.00 |
TAX ON QUALIFIED PLANS F5329 (PR): |
|
$0.00 |
TAX ON QUALIFIED PLANS F5329 PER COM UTER: |
|
$0.00 |
IRAF TAX PER COMPUTER: |
|
$0.00 |
TP TAX FIGURES (REDUCED BY IRAF) PER COM UTER: |
|
$1,103.00 |
IMF TOTAL TAX (REDUCED BY IRAF) PER COM UTER: |
|
$1,103.00 |
OTHER TAXES PER COMPUTER: |
|
$0.00 |
UNPAID FICA ON REPORTED TIPS: |
|
$0.00 |
OTHER TAXES: |
|
$0.00 |
RECAPTURE TAX: F8611: |
|
$0.00 |
HOUSEHOLD EMPLOYMENT TAXES: |
|
$0.00 |
HOUSEHOLD EMPLOYMENT TAXES PER CO PUTER: |
|
$0.00 |
HEALTH C RE RESPONSIBILITY PEN LTY: |
|
$0.00 |
HEALTH C RE RESPONSIBILITY PEN LTY VERIFIED: |
|
$0.00 |
HEALTH COVER GE REC PTURE: F8885: |
|
$0.00 |
RECAPTURE T XES: |
|
$0.00 |
TOTAL SSESSMENT PER COMPUTER: |
|
$1,103.00 |
TOTAL T X LI BILITY TP FIGURES: |
|
$1,103.00 |
TOTAL T X LI BILITY TP FIGURES PER COMPUTER: |
|
$1,103.00 |
Payments
FEDERAL INCOME TAX WITHHELD: |
$1,000.00 |
|
HEALTH CARE: INDIVIDUAL RESPONSIBILITY: |
$0.00 |
|
HEALTH CARE |
0 |
|
E TIMATED TAX |
PAYMENT : |
$0.00 |
OTHER PAYMENT CREDIT: |
$0.00 |
|
REFUNDABLE EDUCATION CREDIT: |
$0.00 |
|
REFUNDABLE EDUCATION CREDIT PER COMPUTER: |
$0.00 |
|
REFUNDABLE EDUCATION CREDIT VERIFIED: |
$0.00 |
|
EARNED INCOME CREDIT: |
$0.00 |
|
EARNED INCOME CREDIT PER COMPUTER: |
$0.00 |
|
EARNED INCOME CREDIT NONTAXABLE COMBAT PAY: |
$0.00 |
|
8/9/2018
Page 5 of 6
SCHEDULE 8812 |
NONTAXABLE COMBAT PAY: |
$0.00 |
EXCESS SOCIAL |
SECURITY & RRTA TAX WITHHELD: |
$0.00 |
SCHEDULE 8812 |
TOT SS/MEDICARE WITHHELD: |
$0.00 |
SCHEDULE 8812 |
ADDITIONAL CHILD TAX CREDIT: |
$0.00 |
SCHEDULE 8812 |
ADDITIONAL CHILD TAX CREDIT PER COMPUTER: |
$0.00 |
SCHEDULE 8812 |
ADDITIONAL CHILD TAX CREDIT VERIFIED: |
$0.00 |
AMOUNT PAID WITH FORM 4868: |
$0.00 |
|
FORM 2439 REGULATED INVESTMENT COMPANY CREDIT: |
$0.00 |
|
FORM 4136 CREDIT FOR FEDERAL TAX ON FUELS: |
$0.00 |
|
SAMPLE |
$0.00 |
|
FORM 4136 CREDIT FOR FEDERAL TAX ON FUELS PER COMPUTER: |
||
HEALTH COVERAGE TX CR: F8885: |
$0.00 |
|
PREMIUM TAX CREDIT AMOUNT: |
$0.00 |
|
PREMIUM TAX CREDIT VERIFIED AMOUNT: |
$0.00 |
|
PRIMARY NAP FIRST TIME HOME BUYER INSTALLMENT AMT: |
$0.00 |
|
SECONDARY NAP |
FIRST TIME HOME BUYER INSTALLMENT AMT: |
$0.00 |
FIRST TIME HOMEBUYER CREDIT REPAYMENT AMOUNT: |
$0.00 |
|
FORM 5405 TOTAL HOMEBUYERS CREDIT REPAYMENT PER COMPUTER: |
$0.00 |
|
SMALL EMPLOYER HEALTH INSURANCE PER COMPUTER: |
$0.00 |
|
SMALL EMPLOYER HEALTH INSURANCE PER COMPUTER (2): |
$0.00 |
|
FORM 2439 AND |
OTHER CREDITS: |
$0.00 |
TOTAL PAYMENTS: |
$1,000.00 |
|
TOTAL PAYMENTS PER COMPUTER: |
$1,000.00 |
|
Refund or Amount Owed
AMOUNT YOU OWE: |
$103.00 |
APPLIED TO NEXT YEAR'S ESTIMATED TAX: |
$0.00 |
ESTIMATED TAX PENALTY: |
$0.00 |
TAX ON INCOME LESS STATE REFUND PER CO UTER: |
$0.00 |
BAL DUE/OVER PYMT USING TP FIG PER CO PUTER: |
$103.00 |
BAL DUE/OVER PYMT USING CO PUTER FIGURES: |
$103.00 |
FORM 8888 TOTAL REFUND PER CO PUTER: |
$0.00 |
Third Party Designee
THIRD P RTY DESIGNEE ID NU BER: |
|
AUTHORIZ TION INDIC TOR: |
0 |
THIRD RTY DESIGNEE N ME: |
|
Schedule
OCIAL |
ECURITY NUMBER: |
|
EMPLOYER |
ID NUMBER: |
|
BU INE |
NAME: |
|
DE CRIPTION OF BU INE /PROFESSION: |
DRAK |
|
NAICS CODE: |
000000 |
|
ACCT MTHD: |
|
|
FIR T TIME CHEDULE C FILED: |
N |
|
TATUTORY EMPLOYEE IND: |
N |
|
INCOME
GROSS RECEIPTS OR SALES: |
$2,700.00 |
RETURNS AND ALLOWANCES: |
$0.00 |
NET GROSS RECEIPTS: |
$0.00 |
COST OF GOODS SOLD: |
$0.00 |
SCHEDULE C FORM 1099 REQUIRED: |
NONE |
8/9/2018
Page 6 of 6
SCHEDULE C FORM 1099 FILED: |
NONE |
OTHER INCOME: |
$0.00 |
EXPENSES
CAR AND TRUCK EXPENSES: |
$0.00 |
DEPRECIATION: |
$0.00 |
INSURANCE (OTHER THAN HEALTH): |
$0.00 |
MORTGAGE INTEREST: |
$0.00 |
LEGAL AND PROFESSIONAL SERVICES: |
$0.00 |
SAMPLE |
$0.00 |
REPAIRS AND MAINTENANCE: |
|
TRAVEL: |
$0.00 |
MEALS AND ENTERTAINMENT: |
$0.00 |
WAGES: |
$0.00 |
OTHER EXPENSES: |
$0.00 |
TOTAL EXPENSES: |
$200.00 |
EXP FOR BUSINESS USE OF HOME: |
$0.00 |
SCH C NET PROFIT OR LOSS PER COMPUTER: |
$2,500.00 |
AT RISK CD: |
|
OFFICE EXPENSE AMOUNT: |
$0.00 |
UTILITIES EXPENSE AMOUNT: |
$0.00 |
COST OF GOODS SOLD
INVENTORY |
AT |
BEGINNING OF |
YEAR: |
$0.00 |
INVENTORY |
AT |
END OF YEAR: |
|
$0.00 |
Schedule
SSN OF |
|
NET FARM PROFIT/LOSS: SCH F: |
$0.00 |
CONSERVATION RESERVE PROGRAM PAY ENTS: |
$0.00 |
NET NONFARM PROFIT/LOSS: |
$2,500.00 |
TOTAL SE INCOME: |
$2,500.00 |
SE QUARTERS COVERED: |
4 |
TOTAL SE TAX PER COMPUTER: |
$353.12 |
SE INCOME COMPUTER VERIFIED: |
$0.00 |
SE INCOME PER COMPUTER: |
$2,308.00 |
TOTAL NET E RNINGS PER CO PUTER: |
$2,308.00 |
LONG FORM ONLY
TENTATIVE |
CHURCH RNINGS: |
$0.00 |
|
TOTAL SOC |
SEC & RR W GES: |
$0.00 |
|
E |
T X |
COMPUTER: |
$286.19 |
E MEDIC RE INCOME PER COMPUTER: |
$2,308.00 |
||
E MEDICARE TAX PER COMPUTER: |
$66.93 |
||
E FARM OPTION METHOD U ED: |
0 |
||
E OPTIONAL METHOD INCOME: |
$0.00 |
||
Form 8863 - Education Credits (Hope and Lifetime Learning Credits)
PART III - ALLOWABLE EDUCATION CREDITS
GROSS EDUCATION CR PER COMPUTER: |
$0.00 |
||
TOTAL EDUCATION CREDIT AMOUNT: |
$0.00 |
||
TOTAL EDUCATION CREDIT AMOUNT PER COMPUTER: |
$0.00 |
|
|
|
This Product Contains Sensitive Taxpayer Data |
|
|
|
|
|
|
8/9/2018
Detailed Instructions for Writing Sample Tax Return Transcript
Completing the Sample Tax Return Transcript form requires attention to detail and accurate information. After filling it out, you will have a clear record of your tax return data for reference or submission. Follow these steps to ensure you fill it out correctly.
- Begin by entering the Request Date at the top of the form. This is the date you are completing the form.
- Fill in the Response Date. This is typically the date you expect to receive your transcript.
- Write down the Tracking Number provided for your request.
- Provide your Customer File Number. This number is usually assigned to you by the IRS.
- Enter your Social Security Number (SSN). Make sure it is accurate and complete.
- Indicate the Tax Period Ending date, which is the last day of the tax year you are referencing.
- Fill in your Name(s) Shown on Return. This should match the name on your tax return.
- Write your Address. Ensure it is current and correct.
- Select your Filing Status from the options available (e.g., Single, Married Filing Jointly).
- Complete the Form Number section, indicating the form you filed (e.g., 1040).
- Fill in the Cycle Posted date, which indicates when the IRS processed your return.
- Enter the Received Date for when the IRS received your tax return.
- Input the Remittance amount, if applicable.
- List the Exemption Number you claimed on your return.
- If applicable, provide information about any dependents you claimed, including their names and SSNs.
- Include your PTIN if you are a paid preparer.
- Complete the income sections, detailing wages, salaries, and any other income sources accurately.
- Fill in the adjustments to income, detailing any deductions you are claiming.
- Complete the tax and credits section, ensuring all applicable credits are included.
- Fill in the payments section, indicating any federal income tax withheld or estimated payments made.
- Finally, calculate the Refund or Amount Owed and complete that section.
Documents used along the form
The Sample Tax Return Transcript is a valuable document for taxpayers, providing a summary of their tax return information. However, it often accompanies other forms and documents that can further clarify or support a taxpayer's financial situation. Here are some commonly used forms and documents that you may encounter alongside the Sample Tax Return Transcript.
- Form 1040: This is the standard individual income tax return form used by U.S. taxpayers to report their annual income. It outlines income, deductions, and credits, ultimately determining tax liability.
- Schedule C: This form is used by sole proprietors to report income or loss from their business. It details gross receipts, expenses, and the net profit or loss from the business activities.
- Form W-2: Employers issue this form to report an employee's annual wages and the taxes withheld from their paycheck. It is essential for accurately reporting income on the tax return.
- Lease Agreement Form: To safeguard your rental arrangements, utilize the comprehensive Lease Agreement template to ensure all terms and conditions are clearly outlined.
- Form 1099: This form reports various types of income other than wages, salaries, or tips. It is commonly used for freelance work, interest income, and other non-employee compensation.
- Form 4868: This is the application for an automatic extension of time to file a U.S. individual income tax return. It allows taxpayers additional time to submit their tax return without incurring penalties.
- Form 8862: This form is used to claim the Earned Income Credit (EIC) after a previous denial. It helps taxpayers demonstrate their eligibility for this valuable credit.
- Form 8888: This form allows taxpayers to request their tax refund be split into multiple accounts or used to purchase U.S. savings bonds, providing flexibility in managing refunds.
Understanding these documents can simplify the tax filing process and ensure that you provide the necessary information to support your tax return. Keeping them organized and accessible will help you navigate your financial responsibilities more effectively.