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IRS to mask key business transcript details

Written on Nov 16, 2020

Moving to protect business taxpayers from identity theft, the IRS announced that starting Dec. 13, it will begin masking sensitive data on business tax transcripts. The announcement provides 30 days for stakeholders to make any adjustments. The IRS began informing tax professionals of this change this summer during the 2020 Nationwide Tax Forums. The IRS previously masked sensitive data on individual tax transcripts two years ago.

The following will be visible on the new tax transcript:

  • Last four digits of any Employer Identification Number listed on the transcript: XX-XXX1234
  • Last four digits of any Social Security number or Individual Tax Identification Number listed on the transcript: XXX-XX-1234
  • Last four digits of any account or telephone number
  • First four characters of the first, and last name for any individual (first three characters if the name has only four letters)
  • First four characters of any name on the business name line
  • First six characters of the street address, including spaces
  • All money amounts, including wage and income, balance due, interest and penalties

More information about the masking of transcripts can be found at IRS.gov’s e-Services page after Dec. 13.