Tax Tip from the week of December 31, 2007
Wanted: Last year's tax return.
Fortunately, you don't need to post a classified ad to obtain a copy of a missing tax return. In some cases, getting a replacement can be as simple as asking your tax return preparer.
But what happens when you're not sure who prepared the return — or if a return was ever filed?
That's a common situation for many executors, who are suddenly given the responsibility of taking care of the final paperwork for an estate. Disasters can also wipe out records.
The solution? File a request form. Depending on how much detail you need, you can file Form 4506 to request a complete copy of a federal tax return, or Form 4506-T for a transcript of the information it contained.
The complete copy will include supporting information, such as attached schedules and Forms W-2. Copies are available for personal, business, payroll, and amended returns, and you can ask for certification. There's a per-return user fee, though the IRS may waive the charge if your request is related to a presidentially declared disaster.
Transcripts contain essentially the same information as the complete copy, though in abbreviated form and without supporting documentation. Transcripts are free, and you can get them for personal, partnership, and corporate returns.
The IRS will also provide verification of nonfiling at no charge.
Please contact us for assistance if you're trying to locate past tax returns. We'll be happy to help you complete and submit the documentation required by the IRS and state tax agencies.