Category Archives: IRS and Tax Transcripts

What You Need to Know About the 4506-Transcript Income Verification

If you are a financial institution such as a credit union, mortgage lender or bank, you may be able to take advantage of a recap regarding how 4506-Transcripts may assist you. The IRS grants wage-income transcripts as well as W-2 … Continue reading

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What Borrowers Should Know About A 4506-T

If you’re applying for a mortgage or other loan, your lender may ask you to sign an IRS Form 4506-T. This form allows the lender to request your tax transcripts directly from the IRS for the last three years. A … Continue reading

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What is a 4506t?

Form 4506t is a Federal tax form commonly referred to as the Tax Transcript form. This common form is used to: Request a personal tax return copy Designate a third party to receive a personal tax return copy Form 4506t … Continue reading

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What is the CBSV?

CBSV, or the Consent Based Social Security Number Verification Service, is a part of the Social Security Administration, an agency within the U.S. government that was created by Franklin D. Roosevelt during the Great Depression. Indeed, when companies or other … Continue reading

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What can be used as proof of income?

When you apply for a loan, whether it’s a car loan, a mortgage or a personal loan, the lender generally will require you to show proof of income. The lender does this because it wants to be sure you can … Continue reading

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