Some Taxpayers May Need Prior-Year Tax Data

Internal Revenue Service press release --------- The Internal Revenue Service today reminded taxpayers who have changed tax software products that they may need information from their 2016 tax return to complete their taxes this year. It’s always a good idea to keep copies of previously-filed tax returns. That recommendation is more important this year because, for some taxpayers, certain data from the 2016 tax return – the adjusted gross income -- will be required to validate their electronic signature on their 2017 tax return due April 17. Taxpayers often call or visit the IRS seeking their prior-year tax transcript, which is a record of their tax return. But the days around Presidents Day mark the busiest time of the year for the IRS, and there are online options that are faster and more convenient for taxpayers. To learn more click on the picture below to read the release.