Title Image

Is a tax return transcript the same as a tax return?

Is a tax return transcript the same as a tax return?

When you’re applying for a mortgage, auto or business loan, you’ll be asked for a variety of documents to prove your income. The lenders will typically ask for your credit history, information on your debt, recent paystubs, legal documents like divorce decrees and your tax information. It’s important to understand the difference between your federal tax return and your tax transcript.

Knowing The Difference Between Your Tax Return And Tax Transcript

You should already be familiar with tax returns. Each year, you file a tax return to determine whether you owe taxes to the government, or if the Internal Revenue Service must submit a refund to you. It’s a process that every working person in the United States goes through. The information on a tax return is detailed. It shows your income, deductions and tax credits. There are sometimes additional forms that need to be filled out in conjunction with your tax return for certain deductions. While your tax return contains valuable information for lenders, it’s not always easy to get a clear picture of your income.

A basic tax transcript clearly shows your line items such as your adjusted gross income. Something to note is that if you make a mistake on your tax filing and have to adjust it, the original tax transcript will not show any update to your taxes. You can request a tax account transcript that shows your income information plus your marital status, return type, and taxable income. There is also a combination of both of these tax transcripts available called a record of transcript.

Coming Soon!

The New Private Eyes Platform.

Background Checks | LegacyLender Solutions | Login

For any questions contact us at (925) 927-3333.

Site Security Notification

 

Use the buttons below to continue your login.

For SITE SECURITY purposes and to ensure that this service remains available to all users, this computer system employs software programs to monitor network traffic to identify unauthorized attempts to upload or change information, or otherwise cause damage. Unauthorized attempts to upload information or change information on this service are strictly prohibited and may be punishable under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act.

NOTICE: We will not obtain personally-identifying information about you when you visit our site unless you choose to provide such information to us.

Point of Contact for Security and Monitoring: Frank Santa Elena email: security@pebackgroundchecks.com Information Systems Security Officer (ISSO) for www.privateeyesbackgroundchecks.com phone (925) 927-3333.

For any questions contact us at (925) 927-3333.

Find the Right Lender Solution

Fill out the information below and we will contact you or call us at 925-927-3333



First Name*
Last Name*
Email*
Phone*
Company*
Street
City
State
Zip Code
Number of Employees
Where did you hear about Private Eyes?

Find the Right Background Screening Solution

Fill out the information below and we will contact you or call us at 925-927-3333.



First Name*
Last Name*
Email*
Phone*
Company*
Street
City
State
Zip Code
Number of Employees
Where did you hear about Private Eyes?

Candidate Assistance

If Private Eyes is running your background check, please contact our Customer Service department. A person on our team will be more than happy to assist you

Email: CSS@pebackgroundchecks.com
Call: (925) 927-3333

Private Eyes Customer Assistance

If you are a current customer, please contact our Customer Service department. A person on our team will be more than happy to assist you.

Email: CSS@pebackgroundchecks.com
Call: (925) 927-3333