Tax Transcript Changes Are Coming

IRS Changes Ahead

The IRS will be partially redacting taxpayer and exemptions Personally Identifiable Information (PII) from the transcript. This limitation of identifiers might make it difficult for offices to match a mailed or faxed form to a specific student. 

Tax Transcript Information You’ll Still See:

• Last 4 digits of any SSN listed on the transcript: XXX-XX-1234
• Last 4 digits of any EIN listed on the transcript:  XX-XXX1234
• Last 4 digits of any bank account or phone number
• First 4 characters of the last name for any individual
• First 4 characters of a business name
• First 6 characters of the street address, including spaces
• All money amounts, including balance due, interest, and penalties