Quick Take: What Is a Tax Transcript and Why Do You Need One? In short, a tax transcript shows basic data and line items such as adjusted gross income, AGI, or other taxable income, as well as FICA ...
Don’t panic if your IRS transcript says “No Return Filed.” Timing issues, processing delays, or the specific transcript type you selected may be the real reason.
It's that time of year, and with new tax laws, it may feel difficult just getting started. Miguel Burgos, CPA and TurboTax expert, offers some advice.