What form number is used to request a copy of tax transcripts?

The correct form to request a copy of tax transcripts is Form 4506T. This specific form allows individuals to request a transcript of their tax return from the Internal Revenue Service (IRS). It's designed for tax filers who need a summary of their tax return data for purposes such as loan applications, verifications, and other financial needs.

Using Form 4506T is essential for mortgage loan officers who require accurate and verified tax information to assess a borrower's financial profile. This form ensures that the lender can obtain the necessary tax data directly from the IRS, which adds an extra layer of reliability to the information provided by the borrower.

In contrast, Form 1040 is the primary tax return form for individuals to report their income and calculate taxes owed. Form W-2 summarizes employee wages and taxes withheld but is not intended for requesting tax transcripts. Form 1099 is used to report various types of income other than wages but also does not serve the purpose of requesting tax transcripts. Each of these forms serves distinct functions in the tax reporting and documentation process, making it clear that Form 4506T is the appropriate choice for obtaining tax transcripts.