Update to IRS' Mortgage Use Cases Announcement
Update on Jan 2nd IRS Announcement Restricting IVES (4506-C) to Mortgage Use Cases Beginning June 30, 2024. Feb 19, 2024 - NCS’ advocacy group continues to engage with the IRS, multiple trade associations, and legislative offices. As of February 20th, there’s a growing likelihood that the IRS will make an announcement rescinding the Jan 2nd announcement in the coming weeks. NCS has submitted a written request for the IRS to return to status-quo, i.e. pre-Jan 2nd announcement. If the IRS decides to delay implementation, we have suggested the end of Q1 2025.