Quick Take: What Is a Tax Transcript and Why Do You Need One? In short, a tax transcript shows basic data and line items such as adjusted gross income, AGI, or other taxable income, as well as FICA ...

When dealing with financial or legal matters, having a copy of your tax return can be essential. A copy provides an exact replica of the original document filed with the IRS, which might be necessary ...

Established in 1862 when an income tax was enacted to pay for the Civil War, the Internal Revenue Service is responsible for enforcing the nation’s tax laws and collecting tax revenue. Knowing how the ...