IRS Transcript Codes
Understanding Internal Revenue Service Transcript Codes.
IRS transcripts allow taxpayers to obtain a record of their tax filings. You must have an understanding of the codes listed on the transcript to understand your tax return.
A tax transcript is a line-by-line reprint of the original tax return filed with the IRS. An account transcript contains the original tax return document and any subsequent additions or modifications. The account transcripts offer important information including: date the return was filed, additional assessed taxes and any payments made. Tax account transcripts indicate whether the tax return was filed by a taxpayer or as a substitute return by the IRS. Substitute returns are filed if a taxpayer has income but fails to file a tax return.