How to Get a Copy of your Tax Return | Edith Christian CPA Waukesha

If you need an exact copy of a previously filed and processed tax return and all attachments (including Form W-2), you should complete Form 4506 (PDF), Request for Copy of Tax Return, and mail it to the address listed in the instructions, along with a $50.00 fee for each tax return requested. The check or money order for the fee should be made payable to the "United States Treasury," and should include your SSN or EIN and the notation "Form 4506 request." Copies are generally available for returns filed for the current and past six years. Copies of jointly filed tax returns may be requested by either spouse and only one signature is required. Allow 60 calendar days to receive your copies.
Most needs for tax return information can be met with a computer printout of your return information called a "transcript." A transcript may be an acceptable substitute for an exact copy of a return by the U.S. Citizenship and Immigration Services and lending agencies for student loans and mortgages. A "tax return transcript" will show most line items contained on the return as it was originally filed. If you need a statement of your tax account, which shows changes that you or the IRS made after the original return was filed, however, you must request a "tax account transcript." Both transcripts are generally available for the current and past three years and are provided free of charge. The period in which you will receive the transcript varies from within five to ten business days from the time the IRS receives your request for the tax return or tax account transcript.
You can obtain a free transcript on the IRS.gov website by going to the Order a Transcript page. Transcripts may also be ordered by calling 800-908-9946 and following the prompts in the recorded message, or by completing and mailing a request for a transcript to the address listed in the instructions.
The IRS has created Form 4506T-EZ (PDF), Short Form Request for Individual Tax Return Transcript, to order a transcript of a Form 1040 series return. The IRS created this streamlined form to help those taxpayers trying to obtain, modify or refinance a home mortgage. Transcripts may also be mailed to a third party, such as a mortgage institution, if specified on the form. You must sign and date the form giving your consent for the disclosure. Businesses, partnerships or individuals who need transcript information from other forms, such as Form W-2 or Form 1099, can use Form 4506-T (PDF), Request for Transcript of Tax Return, to obtain the information. These transcripts may also be mailed to a third party if there is consent for the disclosure. Forms can be downloaded from the IRS.gov website or ordered by calling 800-908-9946.
If you are a taxpayer impacted by a federally declared disaster, the IRS waives the usual fees and expedites requests for copies of tax returns for people who need them to apply for benefits or to file amended returns claiming disaster-related losses. For additional information, refer to Topic 107, or call the IRS Disaster Assistance Hotline at 866-562-5227.

Waukesha Tax Preparation | Edith Christian CPA | Child tax Credit

Child Tax credits are a big part of your tax return preparation, here is some info regarding this.

Your child must have a Social Security Number that is valid for employment and must pass all of the following tests to be your qualifying child for EITC:

Relationship

• Your son, daughter, adopted child¹, stepchild, foster child² or a descendent of any of them such as your grandchild
  
• Brother, sister, half brother, half sister, step brother, step sister or a descendant of any of them such as a niece or nephew

Age

• At the end of the filing year, your child was younger than you (or your spouse if you file a joint return) and younger than 19
• At the end of the filing year, your child was younger than you (or your spouse if you file a joint return) younger than 24 and a full-time student
• At the end of the filing year, your child was any age and permanently and totally disabled³

Residency

• Child must live with you (or your spouse if you file a joint return) in the United States⁴ for more than half of the year

Joint Return

• The child cannot file a joint return for the tax year unless the child and the child's spouse did not have a separate filing requirement and filed the joint return only to claim a refund.

IMPORTANT:  Only one person can claim the same child. If a child qualifies for more than one person and one of the persons is a parent or parents, the non-parent can claim the child only if their AGI is higher than the parent(s). If the child qualifies another relative and the parent AGI rules do not apply, the taxpayers choose. If more than one person claims the same child, IRS applies the tiebreaker rules. Read more about Qualifying Child of More Than One Person here.
Refer to 596, Earned Income Credit or Publication 596 (SP)  Credito por Ingreso del Trabajo for information on the following:

• Definition of School and Student
• Residency Test and Homeless Shelters
• Residency Test and Military Personnel
• Birth or Death of a Child
• Temporary Absences
• Kidnapped Child

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¹Adopted Child. An adopted child is always treated as your own child. It also includes a child lawfully placed with you for adoption.
²Foster Child.  For EITC, a child is your foster child if the child is placed with you by an authorized placement agency or by judgment, decree, or other order of any court of competent jurisdiction. (An authorized placement agency includes a state or local government agency or an Indian tribal government. It also includes a tax-exempt organization licensed by a state or an Indian tribal government.)
³Permanently and totally disabled.  Your child is permanently and totally disabled if both of the following apply: The child cannot engage in any substantial gainful activity because of a physical or mental condition and a doctor determines the condition has lasted or can be expected to last at least a year or lead to death.

⁴United States. This means the 50 states and the District of Columbia. It does not include Puerto Rico or U.S. possessions such as Guam.

To learn more click here  

 Don’t squander away your precious time by struggling with complicated IRS forms and complex bookkeeping chores. You can get fast and effective solutions to all of your tax and accounting affairs when you employ Edith I Christian, CPA. We know how stressful your life can be. But when you call on us, you can relax a little bit.  Call today.