Tax season is coming upon us, and many employees are wondering how long their current or previous employers have kept their W-2 forms on file. Record retention varies depending on the documentation that is in question, but there are specific regulations regarding W-2 retention. The
Identity theft is a serious problem throughout the world. Banks and other businesses need to take active steps to stop it from occurring. When appropriate measures are taken, identity thieves can be stopped in their tracks. It is especially important to verify the identity of
https://blog.4506-transcripts.com/wp-content/uploads/2016/04/4506t-flat-sm-1.jpg?w=640 Most banks, legal institutions, tax firms, legal firms and even government agencies can request IRS tax transcripts for various reasons. The retrieval process for tax transcripts can be cumbersome and tedious, involving signing up online, waiting for verification via mail, calling the IRS or a
It’s not uncommon to wonder if filing a 4506-T form might trigger an IRS audit. Some borrowers are hesitant to file the 4506-T out of concern that any discrepancy between their loan application and their prior tax filings could lead to an audit or even
Fannie Mae and Freddie Mac require mortgage lenders to obtain an income tax transcript from the IRS for each loan applicant. The tax transcript is necessary to verify the income of the borrower. Lenders can remain in regulatory compliance and ensure the quality of their