One of the tools tax professionals (and savvy taxpayers) use are IRS Wage & Income Transcripts. These show the items that the IRS has on file: things like W-2s, W-2Gs, K-1s, and 1099s. Normally, these are available around Memorial Day for the previous year. (They’re not guaranteed to be correct until the following February–yes, February 2027 for the 2025 tax year.)
This year, Wage & Income Transcripts were not working around Memorial Day. For example, my transcript did not show any of my brokerage 1099s (yet these were timely filed with the IRS). As of today, the transcripts appear to be accurate.
Do note that if you’re still waiting on a K-1 that it won’t show on your transcript until the issuer files the tax return. If that partnership (or S-Corporation) doesn’t file until September 15th, the transcript isn’t going to reflect the K-1 until after September 15th!
Also remember that even if an item of income doesn’t show on the transcript does not mean that you can leave it off your tax return. There’s no such thing as “no tax paperwork, no tax.” All items of income must be reported on your return.
