IRS Changing Format of Tax Transcripts

irsStarting September 23, the Internal Revenue Service will be moving to a new format of its tax transcripts in an effort to better protect taxpayers’ personal data from theft by cybercriminals.

The new format for individual tax transcripts will redact personally identifiable information from the Form 1040 series. It replaces the previous format and will be the default format available via Get Transcript Online, Get Transcript by Mail or the Transcript Delivery System for tax professionals.

Financial entries will remain visible, which will give taxpayers and third-parties the data they need for tax preparation or income verification.

Click here for rest of article...

Comments powered by CComment

You have no rights to post comments