Form 6729 C Rev September Fill in Capable Quality Return Review Sheet

Instructions and help about Form 6729 C Rev September Fill In Capable Quality Return Review Sheet

we'll be going over IRS form 4506-c as the Ives request for transcript of tax return see most taxpayers probably won't see this form unless they're requested to complete one for uh from by a mortgage lender for example for purposes of income verification while you're applying for a mortgage so a couple of things here one Ives stands for the income verification express service administered by the IRS the Internal Revenue Service and and basically this is a way that the IRS can facilitate the volume of income verification transactions from when lending institutions while safeguarding taxpayer data so basically the Ives system allows certain companies that are pre-vetted Ives participants to request this data with taxpayer permission from the IRS in a streamlined manner and so this is a requirement for many lending institutions for example Fannie Mae has made this a requirement for loans that they cover so this form replaced IRS form 4506-t in 2021 individual taxpayers could still use IRS