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4506 C Bank of America  Form

4506 C Bank of America Form

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Instructions and help about 4506 C Bank Of America

oh right it is Tuesday March 7th 2023 big day today it is my son's sixth birthday shout out to Fitz but also it is day four I'm sorry part four of five the closing dock series The 4506 C formally called the 4506t the IRS changed the form uh name in October 2022 so let's get down to it what is the 4506 C the 4506c is the IRS request for taxes the transcript of tax returns okay W-2 uh 1099 uh info on the form you will see an Ives request that is the income verification express service so mortgage professionals use this form to verify all the all the income uh transcripts you know and request that your consent the uh the bars consent for use of the of the tax transcripts uh through the IRS they're sent to a secure mailbox and uh the service uh the lender faxes it to the IRS I know it's an old process and then they automate it on the back end to um to verify that income when they verify it the lenders can log in and see the results um at that time it usually takes about two to three busine

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