Beginning Nov. 1, 2008 the fee for an exact copy of a previously-filed and processed tax return and all attachments will increase to $57. Taxpayers or their designated representatives must still complete and mail the Form 4506, Request for Copy of Tax Return, to complete the request. Copies are generally available for returns filed in the current and past six years.
As an FYI note, the IRS can provide a tax return transcript for many returns free of charge. A transcript provides most of the information contained in a tax return and usually contains the information mortgage companies and other lending institutions require for loan and employment verification purposes. Taxpayers can obtain transcripts by completing and mailing a Form 4506-T, Request for Transcript of Tax Return, calling IRS at 800-829-1040, visiting a local Taxpayer Assistance Center or through their tax professional if that person or company prepared their prior year return.
Posted by Lewis J. Saret, General Editor, Wealth Strategies Journal.
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