What is the difference between a Tax Return transcript vs Tax Account Transcript?
A tax return transcript shows most line items from a tax return (Form 1040, 1040A or 1040EZ) as it was originally filed, including any accompanying forms and schedules. In most cases, the tax return transcript includes all the information a lender or government agency needs. It does not show any changes the taxpayer made, or any tax representative or the IRS made after the initial filing by the taxpayer. Taxpayers are requested to ask their financial institution to be sure a return transcript will meet their requirements. The tax return transcript is generally available for the current and past three years.
The IRS can also provide a tax account transcript. The tax account transcript, which is also free, shows basic data from your return, including marital status, type of return filed, adjusted gross income and taxable income. It also includes any adjustments a taxpayer made after the filing of the tax return. Like the tax return transcript, the tax account transcript is generally available for the current and past three years.