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IRS Tax Transcripts Changes

September 27, 2018


In a move to better protect taxpayer data the Internal Revenue Service is revising the format of taxpayer tax transcript that will partially redact certain identifying information. The new tax transcript will be available to the taxpayer or tax professionals beginning on September 23.

The IRS is making these changes because the tax transcript has become a sought after document by identity thieves. This is because in order to try and get past the IRS fraud filters the identity thieves need to create a return that looks like what the taxpayer has filed in the past. Therefore the criminals are attempting to pose as taxpayers or tax preparers in order to obtain the tax transcripts for prior year returns of individuals.

The new format of tax transcripts will now partially redact the following identifying information:

  • Last 4 digits of:
    • Any SSN on the transcript
    • Any EIN listed on the transcript
  • First 4 characters of:
    • Account or telephone number
    • Business name
  • First 6 characters of street address, including spaces

The new tax transcript will include all money amounts, including balance due, interest and penalties.

The IRS has also created a new Customer File Number that lenders, colleges and other third parties that order transcripts for non-tax purposes will use as an identifying number instead of the taxpayer’s SSN.

For more details see the following of the IRS website:

Recent Tax Updates

2018 Depreciation Changes
October 18, 2018

2018 Tax Law Changes that are Directly Reported on Form 1040
October 3, 2018

IRS Tax Transcripts Changes
September 27, 2018

Revised 2018 Schedule A due to Tax Cuts and Jobs Act Changes to Itemized Deductions
August 29, 2018

2018 Expansion of Preparer Due Diligence Requirements
August 8, 2018

IRS Accepting Renewal Applications for ITINs Expiring at End of 2018
July 25, 2018

Additional Updates
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PUTTING CUSTOMERS FIRST SINCE 1974
PUTTING CUSTOMERS FIRST SINCE 1974