tag:blogger.com,1999:blog-46181943144016235462024-03-20T10:10:57.563-04:00The NCS PerspectiveRisk Mitigation / Industry Trends / Income / Compliance / TechnologyContact NCShttp://www.blogger.com/profile/12852156379408872869noreply@blogger.comBlogger86125tag:blogger.com,1999:blog-4618194314401623546.post-87043774739493079542024-03-12T09:47:00.010-04:002024-03-20T10:10:13.012-04:00Update to IRS' Mortgage Use Cases Announcement [3/12/2024]<h3 style="text-align: left;"><span style="color: #0b5394;">Following NCS and industry advocacy efforts, the IRS announced on March 6th a suspension of their January 2nd announced policy change.</span></h3><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj96nysKHL2w3ueEIXF39GsDePrd9FUv56emuEiu2DEISOZyuZkrYqlAwP3STuRTzEnj3vqX_nJ-bLXQknj1Y53Bz9mqfG_fEQa1ZF7OeIEFQSDINEDjvdbDyMFHerUGz53E75xsT9xmgzbJEeXgrLMsMT-R6CCnZVKBkHPYm4oRia4xWV66hUife0XSSQ/s900/notification%20alert.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="163" data-original-width="900" height="73" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj96nysKHL2w3ueEIXF39GsDePrd9FUv56emuEiu2DEISOZyuZkrYqlAwP3STuRTzEnj3vqX_nJ-bLXQknj1Y53Bz9mqfG_fEQa1ZF7OeIEFQSDINEDjvdbDyMFHerUGz53E75xsT9xmgzbJEeXgrLMsMT-R6CCnZVKBkHPYm4oRia4xWV66hUife0XSSQ/w400-h73/notification%20alert.jpg" width="400" /></a></div><h3 style="text-align: left;"><span><a name='more'></a></span></h3><p><span style="font-size: medium;"><b>March 12, 2024 </b>- The January 2nd policy would have restricted 4506-C processing exclusively to entities within the mortgage industry. All TRV® Services (4506-C processing) use cases currently approved by NCS will continue to be processed by the IRS.<span></span></span></p><!--more--><p></p><h4 style="text-align: left;">Additional Information</h4><p>NCS President & CEO, Curtis Knuth is a longtime industry advocate for secure and real time access to consumer/taxpayer permissioned IRS tax transcript data. Since January 2nd, Curtis has championed the commercial and non-profit need for validated tax return data. NCS would like to thank the following legislators and trade associations for their advocacy work with Treasury and the IRS;</p><p></p><ul style="text-align: left;"><li>Consumer Data Industry Association (CDIA)</li><li>Mortgage Bankers Association (MBA)</li><li>National Consumer Reporting Association (NCRA)</li><li>Additional financial service and insurance trade associations</li><li>Representative Patrick McHenry and office staff</li><li>Representative Jimmy Panetta and office staff</li><li>Representative Jeff Van Drew and office staff</li><li>Senator Cory Booker and office staff</li></ul><p></p><div><div>NCS’ TRV® Services is distributed in several diverse markets, including education lending, commercial and small business lending, insurance, charity care, healthcare, and others. As a consumer-permissioned product line, NCS is a strong advocate for consumer choice in authorizing distribution of tax data to safe and sound markets and market participants.</div><div><br /></div><div>NCS will continue to work alongside the Treasury and the IRS to champion the need for tax transcript data in confirming the ability to repay and in completing validated financial analysis. Additionally, NCS’ advocacy team remains engaged in advocacy efforts related to HR 3335.</div><div><br /></div><div>NCS is here to support your organization and advocate for the required risk mitigation data necessary to thrive in all environments. In the meantime, our customer support team is prepared to assist you.</div></div><div><br /></div><div style="text-align: center;"><span style="color: #0b5394;">(800) 582-7066 | <a href="mailto:support@NCSTRV.com">support@NCSTRV.com</a></span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-12465782733059558232024-02-19T13:28:00.016-05:002024-03-20T10:01:02.920-04:00Update to IRS' Mortgage Use Cases Announcement [2/19/2024]<h2 style="text-align: left;"><span style="font-family: verdana;">Update on Jan 2nd
IRS Announcement Restricting IVES (4506-C) to Mortgage Use Cases Beginning June
30, 2024.</span></h2><div><p class="MsoNormal"><span style="font-family: verdana;"><b>Feb 19, 2024 </b>- 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.<span></span></span></p><a name='more'></a><div class="separator" style="clear: both; text-align: center;"><span style="font-family: verdana;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyJgqK2A8okJUcQfuk12qH9kFcohAPU_PssJwWRbXy1ek8VBMpqQ8F0gKhpcuOCWhTS2KVXoVpnJ1fYGEKZbSw0FNVMEXWeiHeEpmbvUgZ-aV4TcWTLU4kuc5vYRJ-dhzgMdfZ9Ld8YSZigCguizy6J726KuAdsf3xJ3CPRGpgTRFviC9mQ2T2GFhVFmY/s900/notification%20alert.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="163" data-original-width="900" height="101" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyJgqK2A8okJUcQfuk12qH9kFcohAPU_PssJwWRbXy1ek8VBMpqQ8F0gKhpcuOCWhTS2KVXoVpnJ1fYGEKZbSw0FNVMEXWeiHeEpmbvUgZ-aV4TcWTLU4kuc5vYRJ-dhzgMdfZ9Ld8YSZigCguizy6J726KuAdsf3xJ3CPRGpgTRFviC9mQ2T2GFhVFmY/w556-h101/notification%20alert.jpg" width="556" /></a></span></div><p></p>
<p class="MsoNormal"><span style="font-family: verdana;">Congress and the Senate continue work on legislation (updates to
HR 3335) that dramatically improves IVES and retains most use cases.
Legislation must be passed in the House soon due to the election year
cycle. </span></p>
<p class="MsoNormal"><span style="font-family: verdana;">Be assured that NCS is forcefully advocating on your behalf
and actively supporting your organization. We will continue to distribute
periodic updates as we jointly navigate this issue.</span></p>
<p class="MsoNormal"><span style="font-family: verdana;">For further information on IRS 4506-C (IVES) updates, visit:
<a href="https://www.irs.gov/individuals/income-verification-express-service">https://www.irs.gov/individuals/income-verification-express-service</a><o:p></o:p></span></p><br /></div><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-90813748011860066272022-06-14T17:18:00.016-04:002022-10-24T16:45:06.660-04:00Impacts of the New IRS 4506-C Form [May 2022]<p><span style="color: #cc0000; font-family: arial;">Updated October 5, 2022</span></p><p style="text-align: left;"><span style="color: #444444; font-family: arial;"><i>At NCS, our goal is to keep you informed of these notifications and advise how they impact your ordering process for tax transcript information. We continue to advocate on your behalf to the IRS through the IRS Working Group and industry counterparts. </i></span></p><div><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><br /><div style="text-align: left;"><span style="color: #444444; font-family: arial;">In June, the IRS released a draft of the new IRS form 4506-C in preparation of a new OCR component, which is a part of the IRS modernization effort to fulfill transcript requests. This will bring much needed automation advances to their current manual process, drastically improving response time to the industry’s transcript needs. </span><span style="color: #444444; font-family: arial;">The launch date is tentatively scheduled for mid-October, and have a mandatory use date of Decmeber 1, 2022, or later.</span><span style="color: #444444; font-family: arial;"> </span></div><div style="text-align: left;"><span style="color: #444444; font-family: arial;"><br /></span></div><div style="text-align: left;"></div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhE4yXNrGwv4olI4Uqqt4sHjIRGzvNECXdIAVakJKtimJUHLSkQjY9-Rpu9t90RCmaXJ3kszePAbeqi1OocgMpah6aV5IG9m5JAKeqlqQLVXvJUnrVypr3xDXDQWKqL7RVXFhw86XEcdSi-FQkoVTR3Dn6Kr7g4HWRXvz1q0BUesmGR_mb_zm7CtPAy/s1000/AS_4506C_254084933_v2.png" style="margin-left: 1em; margin-right: 1em;"><img alt="New IRS 4506-C OCR Form" border="0" data-original-height="667" data-original-width="1000" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhE4yXNrGwv4olI4Uqqt4sHjIRGzvNECXdIAVakJKtimJUHLSkQjY9-Rpu9t90RCmaXJ3kszePAbeqi1OocgMpah6aV5IG9m5JAKeqlqQLVXvJUnrVypr3xDXDQWKqL7RVXFhw86XEcdSi-FQkoVTR3Dn6Kr7g4HWRXvz1q0BUesmGR_mb_zm7CtPAy/w400-h266/AS_4506C_254084933_v2.png" title="The new IRS 4506--C form will speed up the IVES processing times using OCR technology." width="400" /></a></div></div></div><div style="text-align: left;"><p><span style="background-color: #f3f3f3;"><span style="color: #444444; font-family: arial;">➤ </span><a href="https://www.ncstrv.com/draft-4506-c-new-002" style="font-family: arial;" target="_blank">Click here</a><span style="color: #444444; font-family: arial;"> to download the draft 4506-C form.</span></span></p><span style="color: #444444; font-family: arial;"></span><p></p><p><span style="color: #444444; font-family: arial;">For our customers using document technology, r</span><span style="color: #444444; font-family: arial;">ecreated forms must comply with this schema published by the IRS. </span></p><p><span style="background-color: #f3f3f3;"><span style="color: #444444; font-family: arial;">➤</span><span style="color: #444444; font-family: arial;"> </span><a href="https://www.ncstrv.com/f4506-c-2022-schema/" style="font-family: arial;" target="_blank">Click here</a> <span style="color: #444444; font-family: arial;">to download the schema 4506-C form.</span></span></p><span style="color: #444444; font-family: arial;"></span><p></p><p><span style="color: #444444; font-family: arial;">The IRS will not permit any editing on the new 4506-C form and must be filled out as intended. NCS will send out updates as additional information becomes available.</span><span style="color: #444444; font-family: arial;"><br /><br /></span><span></span></p><a name='more'></a><span style="color: #444444; font-family: arial;"><b>Major changes to the 4506-C form</b> include the following:</span><span style="color: #444444; font-family: arial;"><br /></span><p></p><span>1. </span><span style="color: #444444; font-family: arial;">Signatures are required for any taxpayer listed. Only list a spouse if their own transcripts will be requested and they will be signing the request. Forms with missing signatures will be rejected.</span></div><div style="text-align: left;"><span style="color: #444444; font-family: arial;"><br /></span><span style="color: #444444; font-family: arial;">2. The Unique Identifier has been added to the form. This is an optional field with specific criteria. See the instructions for more information.</span></div><div style="text-align: left;"><span style="color: #444444; font-family: arial;"><br /></span><span style="color: #444444; font-family: arial;">3. Client information for Lines 5d is required. IVES Participants that collect transcripts for their own use will list their company information here. IVES Participants that collect transcripts for another company’s use (the client model), will list the customer company information here. 5. Forms with missing Client information will be rejected.</span></div><div style="text-align: left;"><span style="color: #444444; font-family: arial;"><br /></span><span style="color: #444444; font-family: arial;">4. Line 6, “Transcript requested,” is only for ordering tax return transcripts and should only list the tax form number that was filed. Forms with multiple tax forms listed will be rejected.</span><br /><span style="color: #444444; font-family: arial;">Line 7, “Wage and Income transcripts,” only require the checkbox to be marked and all forms will be provided for all listed taxpayers. This request can be limited to specific form types and taxpayers by filling in line 7a for up to three forms and marking the appropriate check box in line 7b.</span></div><div style="text-align: left;"><ul style="text-align: left;"><li><span style="color: #444444; font-family: arial;">Any entries in Line 7a such as NA or Not Applicable, will be read as an entry by the OCR software. If you wish to receive all forms, leave this section blank.</span> </li><li><span style="color: #444444; font-family: arial;">Wage and Income transcripts are charged based off the form type and number of taxpayers per year requested. Listing three Wage and Income forms on line 7a and listing two taxpayers will incur six charges per year requested.</span></li></ul></div><blockquote style="border: none; margin: 0px 0px 0px 40px; padding: 0px; text-align: left;"><div style="text-align: left;"><p></p></div></blockquote><div style="text-align: left;"><p></p><span>5. </span><span style="color: #444444; font-family: arial;">Taxpayers listed on Line 1a and 2a are required to complete their assigned signature section. Forms with missing signatures or required signature information will be rejected.</span></div><div style="text-align: left;"><span style="color: #444444; font-family: arial;"><br /></span><span style="color: #444444; font-family: arial;">6. Authorized Representatives signing for the taxpayer(s) listed on Line 1a and/or 2a are required to check the “Form 4506-C was signed by an Authorized Representative” box. See instructions for more information on an Authorized Representative. Forms signed by an Authorized Representative without this box marked will be rejected.</span></div><div style="text-align: left;"><span style="color: #444444; font-family: arial;"><br /></span><span style="color: #444444; font-family: arial;">7. Taxpayers that sign electronically are required to check the “Signatory confirms document was electronically signed” box. Forms signed with an electronic signature without this box marked will be rejected.</span><br /><p></p><div><span style="color: #444444; font-family: arial;"><br /></span></div><div><span style="color: #444444; font-family: arial;">Contact Customer Service with any questions <a href="mailto:info@ncstrv.com">info@ncstrv.com</a> | 800-582-7066</span></div></div><div><span style="color: #444444; font-family: arial; font-size: medium; font-weight: normal;"><br /></span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-44633437705545072592022-06-14T16:38:00.006-04:002022-06-14T16:44:13.825-04:00Important Update to IRS Transcript Processing Delays<h4 style="text-align: left;"><span style="caret-color: rgb(0, 0, 0); color: #595959; font-family: Montserrat; font-size: 12pt; text-align: justify;"><i style="font-weight: normal;">Updated June 14, 2022 </i></span></h4><h3 style="text-align: left;"><span style="caret-color: rgb(0, 0, 0); color: #595959; font-family: Montserrat; font-size: medium; font-weight: normal; text-align: justify;">We continue to see a severe delay from the IRS in transcript processing. The IRS is aware of this issue and continues to look for a resolution. We are in constant contact with the IRS and would like to share the latest information.</span></h3><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXTgzUhu8BKmnvSdSVTO66pFiLGxuWjOka9dags-bi_fAOTd09IgD6H8StyYDiIy-FBU7ri2g4jv2hjeRrSc0HpWvHQ5qzawHrfSo3Z8zgG0aY9d7LmogE5inG1GBf3HB60760BniIoNjyRglew6dn0QV1PuN6b0rMCdcbnnMPdqDiAyCF2UmdHaYp/s1976/IRS%20Delay.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1120" data-original-width="1976" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXTgzUhu8BKmnvSdSVTO66pFiLGxuWjOka9dags-bi_fAOTd09IgD6H8StyYDiIy-FBU7ri2g4jv2hjeRrSc0HpWvHQ5qzawHrfSo3Z8zgG0aY9d7LmogE5inG1GBf3HB60760BniIoNjyRglew6dn0QV1PuN6b0rMCdcbnnMPdqDiAyCF2UmdHaYp/w400-h226/IRS%20Delay.png" width="400" /></a></div><br /><div><span style="caret-color: rgb(0, 0, 0); color: #595959; font-family: Montserrat; font-size: medium; font-weight: normal; text-align: justify;">Here are key takeaways from our call this week with the IRS:</span></div><p style="text-align: justify;"></p><ul><li><span style="color: #595959; font-family: Montserrat;">IRS continues to deploy updates to their new file management system</span></li><li><span style="color: #595959; font-family: Montserrat;">IRS have onboarded many new employees that are being trained</span></li><li><span style="color: #595959; font-family: Montserrat;">Overtime is ongoing</span></li></ul><p></p><p style="text-align: justify;"><span style="color: #595959; font-family: Montserrat;">On a positive note, we have seen improvement from the IRS regarding increased numbers of order fulfillment for the past week. For your information, the IRS deployed a workflow management technology in Q1 that continues to be the root cause of the large number of missing orders and severely delayed turn times. It should be noted that NCS immediately reorders anything the IRS fails to verify receiving. </span></p><p style="text-align: justify;"><span style="color: #595959; font-family: Montserrat;">On Tuesday, the IRS adjusted their turn time goals to the following:</span></p><p style="text-align: justify;"></p><ul><li><span style="color: #595959; font-family: Montserrat;">10 day turn time by 7/29/22</span></li><li><span style="color: #595959; font-family: Montserrat;">5 day turn time by 8/19/22</span></li><li><span style="color: #595959; font-family: Montserrat;">65-72 hour turn time by 8/26/22</span></li></ul><p></p><p style="text-align: justify;"><span style="color: #595959; font-family: Montserrat;">We continue to work closely with the IRS to address your need for faster turn times.</span></p><p style="text-align: justify;"><span style="color: #595959; font-family: Montserrat;">Should you have any questions, please contact customer support: </span></p><p style="text-align: justify;"><span style="color: #595959; font-family: Montserrat;"><a href="mailto:info@ncstrv.com">info@ncstrv.com</a> | </span><span style="font-family: Montserrat;"><span style="color: #2b00fe;">800-582-7066</span></span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-1397745782525223302022-03-01T12:14:00.015-05:002022-06-14T16:45:47.911-04:00Updates to Form 4506-C | IRS Modernization<h2 style="text-align: left;"><b><span style="color: #444444; font-family: arial;">IRS Delay for 4506-C Form</span></b></h2><div><span style="color: #444444; font-family: arial;"><div></div></span></div><h4 style="text-align: left;"><span style="font-weight: 400;"><i><span style="color: #444444; font-family: arial;">Updated March 1, 2022</span></i></span></h4><h4 style="text-align: left;"><span style="color: #444444; font-family: arial; font-size: medium; font-weight: normal;"><i>At NCS, our goal is to keep you informed of these notifications and advise how they impact your ordering process for tax transcript information. We continue to advocate on your behalf to the IRS through the IRS Working Group and industry counterparts.</i> </span></h4><h4 style="text-align: center;"><span style="color: #444444; font-family: arial;"><img border="0" data-original-height="1098" data-original-width="2863" height="154" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJmWgkwJT9mH9lZPCrcYi7NYJABrJH9I7T2TbLbzHEfsrPDnaSRpeBGZY-rX9ruOhQ7tRCG448iq_5dH4cFJQe5No5-8RI-TOhyphenhyphen_XNUAGZPF8AqIPwq3oOclXfdMJG08hozvAgZLzALW0/w400-h154/AS_IRS_406056781_Editorial_Use_Only.jpeg" width="400" /></span></h4><h4 style="text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJmWgkwJT9mH9lZPCrcYi7NYJABrJH9I7T2TbLbzHEfsrPDnaSRpeBGZY-rX9ruOhQ7tRCG448iq_5dH4cFJQe5No5-8RI-TOhyphenhyphen_XNUAGZPF8AqIPwq3oOclXfdMJG08hozvAgZLzALW0/s2863/AS_IRS_406056781_Editorial_Use_Only.jpeg" style="margin-left: 1em; margin-right: 1em;"></a></div><span style="color: #444444; font-family: arial;"><span><a name='more'></a></span></span><p style="text-align: left;"><span style="color: #444444; font-family: arial;"><span><span><span>UPDATE: The IRS has delayed the deployment of the OCR implementation for Form 4506-C to October 1, 2022.</span><span style="font-weight: normal;"> </span></span></span><span style="font-weight: 400;">NCS have already deployed the new IRS requirements on January 18, 2022 along with the minor UI changes for ordering products. For example, if you want standalone W2s, in the ordering process check the W2 option. You will be presented with a new form upload requirement and a tool tip for the W2 order.</span></span></p><p style="text-align: left;"><span style="font-family: arial;"><span style="color: #444444; font-weight: normal;">Per the latest announcement from the IRS regarding their current efforts of modernization as required in the </span><a href="https://www.irs.gov/taxpayer-first-act" style="color: #444444; font-weight: normal;" target="_blank">Taxpayer First Act</a><span style="color: #444444; font-weight: normal;">, here are some critical dates to remember:</span></span></p></h4><h4 style="text-align: left;"><span style="font-family: arial;"><ul style="text-align: left;"><li style="color: #444444; font-weight: normal;">October 1, 2021 -- new deployment date for Form 4506-C with OCR implementation</li><li style="color: #444444; font-weight: normal;"><span>January 18, 2022 -- NCS have deployed the new IRS requirements</span></li></ul><p style="color: #444444; text-align: left;"><span style="text-align: center;"><span style="font-weight: 400;">*</span><span style="font-weight: normal;"><i>NCS will continue to annotate the 4506-C Form for our clients through September 30, 2022. </i></span></span></p><div style="color: #444444;"><span style="font-weight: normal; text-align: center;"><p style="text-align: left;"><br />Starting October 1, you'll be required to list W2 on Line 6. Only one (1) product can be on Line 6. If a 1040 and 1099 are ordered on the same 4506C, the 1099 transcript will include W2 information if W2 information is available.</p></span></div></span></h4><blockquote style="border: none; margin: 0px 0px 0px 40px; padding: 0px;"><h4 style="text-align: left;"><span style="font-family: arial;"><div style="color: #444444; text-align: left;"><span style="text-align: center;">Reminder: </span><span style="font-weight: normal; text-align: center;">To get W2s as of October 1, 2022, the form needs to list W2 on line 6 and only 1 product can be on line 6. </span><span style="font-weight: normal;">The new 4506-C form (OCR version) has not been released yet by the IRS. </span></div></span></h4></blockquote><h4 style="text-align: left;"><span style="font-family: arial;"><div style="color: #444444;"><span><!--more--></span></div><div style="color: #444444;"><span style="font-weight: normal; text-align: center;"><br /></span></div><div style="color: #444444;"></div>
<b style="color: #444444;"><p style="text-align: center;"><span style="font-size: medium;">Please read the IRS IVES notification below on how this will impact your 4506-C ordering process and fees you will be charged by the IRS. <a href="https://www.irs.gov/taxpayer-first-act " target="_blank">Taxpayer First Act. </a></span></p><div style="text-align: center;"><br /><span><!--more--></span></div></b></span></h4><p></p><p><span style="color: #444444; font-family: arial;">The IRS IVES team states the first step in modernization includes <a href="https://en.wikipedia.org/wiki/Optical_character_recognition" target="_blank">Optical Character Recognition (OCR)</a> software to process your FORM 4506-C requests. Here are the key takeaways:</span></p><p style="text-align: left;"><i style="color: #444444; font-family: arial;">1. “Be clear of any editing marks.”</i><span style="color: #444444; font-family: arial;"> The Form 4506-C should not display any edits or multiple forms.</span></p><ul style="text-align: left;"><li><span style="color: #444444; font-family: arial;">If the Form 4506-C includes edits, the form will not pass OCR. It will be processed using existing manual IVES protocol following a longer processing timeframe. As well, standard IRS rejections will apply. After January 17, 2022 IRS rejections may increase for “edited” forms and incur extended processing timeframes.</span></li></ul>2. “<i style="color: #444444; font-family: arial;">Only identify the transcripts, tax years, and/or taxpayers that need to be processed.</i><span style="color: #444444; font-family: arial;">” The clean form should only display the details and checkbox for the transcript, tax years, and/or taxpayer you are requesting versus multiple transcript types</span><br /><ul style="text-align: left;"><li><span style="color: #444444; font-family: arial;">Line 6 should contain a single transcript request only such as 1040</span></li><li><span style="color: #444444; font-family: arial;">A single checkbox should be selected to match Line 6</span></li><li><span style="color: #444444; font-family: arial;">Line 8 should display only the years you are requesting</span></li></ul><span style="color: #444444; font-family: arial;">3.</span><span style="color: #444444; font-family: arial; white-space: pre;"> </span><span style="color: #444444; font-family: arial;">“</span><i style="color: #444444; font-family: arial;">List the data on the assigned lines.</i><span style="color: #444444; font-family: arial;">” Same as above.</span><br /><p style="text-align: left;"></p><p style="text-align: left;"></p><ul style="text-align: left;"><li><span style="color: #444444; font-family: arial;">Line 6 should contain a single transcript request only such as 1040</span></li><li><span style="color: #444444; font-family: arial;">A single checkbox should be selected to match Line 6</span></li><li><span style="color: #444444; font-family: arial;">Line 8 should display only the years you are requesting</span></li></ul><p></p><p><span style="color: #444444; font-family: arial;">NCS' <i>TRV Services</i> primary concern is ensuring that our <i>TRV</i><span style="font-size: xx-small;">®</span> Services customers have the most recent and up-to-date information from the IRS to make their lending decisions. We will always operate with that in mind.</span></p><span style="color: #444444; font-family: arial;"><!--more--></span><p><span style="color: #444444; font-family: arial;">For more information on the IRS website, <a href="https://content.govdelivery.com/accounts/USIRS/bulletins/2ed2173" target="_blank">click here</a>.</span></p><p><span style="color: #444444; font-family: arial;"><b>Happy to help. </b></span><span style="color: #444444; font-family: arial;">Our leadership team and crew value our clients. </span><span style="color: #444444; font-family: arial;">We are committed to 'beyond the expected' service.</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-62414399152661859972022-02-08T08:02:00.001-05:002022-03-14T23:54:35.344-04:00FAQ: IRS 4506-C Form Update<h2 style="text-align: left;">Frequently asked questions regarding IRS transcript update </h2><h3 style="text-align: left;"><span style="background-color: #f4f4ef; color: #009999; font-weight: normal; white-space: pre-wrap;"><span style="font-family: inherit;">Effective starting October 1, 2022 </span></span></h3><h4 style="text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiccST8ob4kn1XwCjaQK0TaU0EvqCi10X161q59xeGPMH_MFJOXgxCFNlmyQI53Rcn9I-aX9fRkNCg9pxzJodtwlCe-99ZdDRxH1QWH9Eu6zOV-LnWdRIhLImPGCs8gvTNHkX9rWIShXpE/s800/AS_FAQ.jpeg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="278" data-original-width="800" height="222" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiccST8ob4kn1XwCjaQK0TaU0EvqCi10X161q59xeGPMH_MFJOXgxCFNlmyQI53Rcn9I-aX9fRkNCg9pxzJodtwlCe-99ZdDRxH1QWH9Eu6zOV-LnWdRIhLImPGCs8gvTNHkX9rWIShXpE/w640-h222/AS_FAQ.jpeg" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><p class="p1" style="color: #404040; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; line-height: normal; margin: 0px; text-align: start;"><i><span style="font-family: arial; font-size: medium;">The first step in this Modernization effort will be the inclusion of Optical Character Recognition (OCR) software. OCR programming will read the Form 4506-C as the form was intended. For the clean version of the form to be accepted by the Optical reader, it should:</span></i></p><ul class="ul1" style="font-weight: 400; text-align: start;"><li class="li2" style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px 0px 3px;"><span style="color: #444444; font-family: arial;"><i>Be clear of any editing marks</i></span></li><li class="li2" style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px 0px 3px;"><span style="color: #444444; font-family: arial;"><i>Only identify the transcripts, tax years, and/or taxpayers that need to be processed</i></span></li><li class="li1" style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px;"><i><span style="color: #444444; font-family: arial;">List the data on the assigned lines</span></i></li></ul></div></h4><h3 style="text-align: left;"><span style="color: #6aa84f;"><span><a name='more'></a></span></span><p style="text-align: left;"><span style="color: #666666; font-family: arial; font-size: small;"><a href="https://www.ncstrv.com/wp-content/uploads/2022/03/FAQ-IRS-OCR-2022-02.pdf" target="_blank">Download FAQ | OCR IRS 4506-C FORM</a></span></p></h3><h3 style="text-align: left;"><span style="color: #6aa84f; font-family: arial;"><b>Q1: What are the IRS products that are available by the form 4506C?</b></span></h3><p></p><blockquote style="border: none; margin: 0px 0px 0px 40px; padding: 0px;"><p style="text-align: left;"></p></blockquote><p style="text-align: left;"></p><ul style="text-align: left;"><li><span style="font-family: arial;">1040 products: Joint, Married filing separate, Head of Household, Single</span></li><li><span style="font-family: arial;">Wage & Income: W2, 1099</span></li><li><span style="font-family: arial;">Business returns: 1120, 1120S, 1065</span></li></ul><p></p><h3 style="text-align: left;"><span style="color: #6aa84f; font-family: arial;"><b>Q2: Can multiple taxpayers be processed on one form?</b> </span></h3><p style="text-align: left;"><span style="font-family: arial;">Yes, with exceptions. If you are ordering IRS Wage and Income tax products (1099 & W2), then you need to ensure both taxpayers are on the form or complete individual forms for each taxpayer. </span></p><p style="text-align: left;"><span style="font-family: arial;"><b>Note: </b>The IRS will return transcripts for both taxpayers and will charge for both if not filed joint. <i>See below.</i></span></p><p></p><p style="border: none; margin: 0px 0px 0px 40px; padding: 0px; text-align: center;"><i><span style="font-family: arial;"><b>Sample Requests</b> | 4506-C Form</span></i></p><p style="border: none; margin: 0px 0px 0px 40px; padding: 0px; text-align: center;"><i><span style="font-family: arial;"><br /></span></i></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNHoS_ii2REBQAP3xK3YrZ-WFqAvzF6oCiZlKiHFcNPGWRbjIngsMTynGTy8DMIr3Y6uK9XAYTI6EfGAJtcAZfAm4qlTsoArdlFuZHiPuw2AhKSb7X-C1rLGTzW7Y3aeMlS9QIZxjvamM/s588/Picture1.png" style="margin-left: 1em; margin-right: 1em; text-align: left;"><span style="font-family: arial;"></span></a><span style="font-family: arial;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNHoS_ii2REBQAP3xK3YrZ-WFqAvzF6oCiZlKiHFcNPGWRbjIngsMTynGTy8DMIr3Y6uK9XAYTI6EfGAJtcAZfAm4qlTsoArdlFuZHiPuw2AhKSb7X-C1rLGTzW7Y3aeMlS9QIZxjvamM/s588/Picture1.png" style="margin-left: 1em; margin-right: 1em; text-align: left;"></a><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjNDDYZiK-sdL2WhJHM7zvwUTPoUiDOBCL1C3E3ORNtO0qPoge2XhgVXjbfMnpt1E3cISUZ_-4Z0prAMiSCaAOW6YlrMPQ5d1FMKKUXMBV_p9QG9DIYsdt51rkFQYjKAZ5PzCaJ4boQ46W11r6RDyzb9iXd4hSzDfn8GQsy2mUk4XHTndK3v71jZxUN" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="77" data-original-width="764" height="64" src="https://blogger.googleusercontent.com/img/a/AVvXsEjNDDYZiK-sdL2WhJHM7zvwUTPoUiDOBCL1C3E3ORNtO0qPoge2XhgVXjbfMnpt1E3cISUZ_-4Z0prAMiSCaAOW6YlrMPQ5d1FMKKUXMBV_p9QG9DIYsdt51rkFQYjKAZ5PzCaJ4boQ46W11r6RDyzb9iXd4hSzDfn8GQsy2mUk4XHTndK3v71jZxUN=w636-h64" width="636" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div></span></div><p style="border: none; margin: 0px 0px 0px 40px; padding: 0px; text-align: left;"><i><span style="font-family: arial;"><b>Acceptable - Order Detail Example 1.</b> The input order details match the form:</span></i></p><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrIuWvY8yXwxEcclnfR12Wu4zJxOUvt-0yLbIQAtYv_twcs6nGGWZi5yhYBT_pbx9YMSHSMPxUrd70C8H33vqrZc9B9TAdDIuKqoRiXyl_nqHIfdU0G_1JRB3rqyMuZdtbFwtdFacNU70/s674/Picture2.jpg" style="margin-left: 1em; margin-right: 1em; text-align: center;"><span style="font-family: arial;"><img alt="Order Detail Example 1 – Acceptable because the input order details match the form:" border="0" data-original-height="220" data-original-width="674" height="209" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrIuWvY8yXwxEcclnfR12Wu4zJxOUvt-0yLbIQAtYv_twcs6nGGWZi5yhYBT_pbx9YMSHSMPxUrd70C8H33vqrZc9B9TAdDIuKqoRiXyl_nqHIfdU0G_1JRB3rqyMuZdtbFwtdFacNU70/w640-h209/Picture2.jpg" width="640" /></span></a><blockquote style="border: none; margin: 0px 0px 0px 40px; padding: 0px;"><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div></blockquote><p style="text-align: left;"><span style="font-family: arial;"><i><b>Acceptable - Order Detail Example 2.</b></i><i> The input order details match the form:</i></span></p><p style="text-align: left;"><span style="font-family: arial;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0U06zwc08gGJ1iK-QSki7IY6F_0N3j_Mde8s0dhHnxGtVlZbfdxL84KI259YTQiivsrjCXKCIo8eJ8sI1N5kT-AsWd4zgj6QKgsW220JREz_a5USXpynVgaRY3TGIA0DYMlcBYXI3Se8/s678/Picture3.jpg" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img alt="Order Detail Example 2 – Acceptable because the input order details match the form:" border="0" data-original-height="228" data-original-width="678" height="216" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0U06zwc08gGJ1iK-QSki7IY6F_0N3j_Mde8s0dhHnxGtVlZbfdxL84KI259YTQiivsrjCXKCIo8eJ8sI1N5kT-AsWd4zgj6QKgsW220JREz_a5USXpynVgaRY3TGIA0DYMlcBYXI3Se8/w640-h216/Picture3.jpg" width="640" /></a></span></p>
<p style="text-align: left;"><i><span style="font-family: arial;"><b>Not Acceptable - Order Detail Example 3.</b> The input order details do not match the form:</span></i></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidqNmXpqd76OsGhcQE_C6nVf4Ttuo6bhWOTwC02li8vmj5ID51lPVXj-PWy8TkWB4-Sl0KjpfzunUGtV19OTlpVMbAzQii-clowUfgVnK6XchEMKWY0hYV5PxbNTT39XNihTYKd75kcMg/s672/Picture4.jpg" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"><img alt="Order Detail Example 3 – Not acceptable because the input order details do not match the form:" border="0" data-original-height="220" data-original-width="672" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidqNmXpqd76OsGhcQE_C6nVf4Ttuo6bhWOTwC02li8vmj5ID51lPVXj-PWy8TkWB4-Sl0KjpfzunUGtV19OTlpVMbAzQii-clowUfgVnK6XchEMKWY0hYV5PxbNTT39XNihTYKd75kcMg/w640-h210/Picture4.jpg" width="640" /></span></a></div><p><span style="font-family: arial;"> </span></p><p style="text-align: left;"><i><span style="font-family: arial;">
<b>Order Detail Example 4.</b></span></i></p><p style="text-align: left;"></p><ul style="text-align: left;"><li><span style="font-family: arial;">ACCEPTABLE, </span><i><span style="font-family: arial;">if 1040 products only.</span></i></li><li><span style="font-family: arial;">NOT ACCEPTABLE for wage and income products. Note: Wage and Income products are for individuals only and 2 names on the form will return wage and income products for both individuals.</span></li></ul><p></p><p style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhX1oZFmzaMlOk8Bz0zqt2YzsgicXeaYM8Yzw2DRpvb6-tZL_CBc_3lOw-LKY63_V8TA86xB0Kt1YG_P2VEd9i9rGZmxJqnkX0qhBedRUe5X0svtFdbnba3QCkIHF8URGbPnw4cTyWueZ8/s708/Picture5.jpg" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"><img alt="Order Detail Example 4 – Acceptable if 1040 products only:" border="0" data-original-height="226" data-original-width="708" height="204" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhX1oZFmzaMlOk8Bz0zqt2YzsgicXeaYM8Yzw2DRpvb6-tZL_CBc_3lOw-LKY63_V8TA86xB0Kt1YG_P2VEd9i9rGZmxJqnkX0qhBedRUe5X0svtFdbnba3QCkIHF8URGbPnw4cTyWueZ8/w640-h204/Picture5.jpg" width="640" /></span></a></p><h3 style="text-align: left;"><span style="color: #6aa84f; font-family: arial;"><b>Q3: What would be considered an unacceptable request for the taxpayers on the form? </b></span></h3><p style="text-align: center;"><i><span style="font-family: arial;"><b>4506-C Form Example </b>– Taxpayer 1 & Taxpayer 2:</span></i></p><div class="separator" style="clear: both; text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjvitzJ5xZGDPirYJwQK6VoAopOV-KWj2GtRHLe7aAcQlutzZFuZSkSZ1fT3syTgcSXH9rdrsbtjUUGn_jT5DXRm5j66T50uW_5AvVx58SxSqFVFkcEmv5uz1bdZ-mUE8btOy_yW3eWi8G4GeloXuphlLvmgvaROvOzGR9LTDiPns9C6hZ2rXAEebVC" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="77" data-original-width="764" height="65" src="https://blogger.googleusercontent.com/img/a/AVvXsEjvitzJ5xZGDPirYJwQK6VoAopOV-KWj2GtRHLe7aAcQlutzZFuZSkSZ1fT3syTgcSXH9rdrsbtjUUGn_jT5DXRm5j66T50uW_5AvVx58SxSqFVFkcEmv5uz1bdZ-mUE8btOy_yW3eWi8G4GeloXuphlLvmgvaROvOzGR9LTDiPns9C6hZ2rXAEebVC=w649-h65" width="649" /></a></div><br /></div>
<p style="text-align: left;"><i><span style="font-family: arial;"><b>Not Acceptable </b>- Order Detail Example. The primary taxpayer is not input:</span></i></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQeVlNshzPmMo-ufF8IhBCr0kHib99yMTL_NAgsx-1EiJk5SApRr4qd4KR91EfNvGg2ip5AMvi02iRMHdivkghlS54jd49gay5_S2CEYqwwZh3PO7LgdW7-JL3jA-8h5i_cdsx2AxiDrk/s672/Picture7.jpg" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"><img alt="Order Detail Example – Not acceptable because the primary taxpayer is not input:" border="0" data-original-height="220" data-original-width="672" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQeVlNshzPmMo-ufF8IhBCr0kHib99yMTL_NAgsx-1EiJk5SApRr4qd4KR91EfNvGg2ip5AMvi02iRMHdivkghlS54jd49gay5_S2CEYqwwZh3PO7LgdW7-JL3jA-8h5i_cdsx2AxiDrk/w640-h210/Picture7.jpg" width="640" /></span></a></div><p></p>
<h3 style="text-align: left;"><span style="color: #6aa84f; font-family: arial;"><b>Q4: What is acceptable on line 6 of the 4506-C form?</b></span></h3><p style="text-align: left;"><span style="font-family: arial;">The IRS allows one form type to be listed on line 6.</span></p><p style="text-align: left;"><i><span style="font-family: arial;"><b>Acceptable</b> - 4506-C Form Example</span></i></p><p style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjByfH9YnwORnIKvBqf_cl4E7A2oFwzTxO8xcXwJbLIKJQEhKAPX697868nj_d26j7SRSzkFNl2uaBBOzmnUvmEEGlBtZd3T7FTL2SE0ef6OMjPGeB7aJqjtATOcA2JVIyQxaFIJgWF5XA/s766/Picture8A.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"><img alt="4506-C Form Example - Acceptable:" border="0" data-original-height="42" data-original-width="766" height="36" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjByfH9YnwORnIKvBqf_cl4E7A2oFwzTxO8xcXwJbLIKJQEhKAPX697868nj_d26j7SRSzkFNl2uaBBOzmnUvmEEGlBtZd3T7FTL2SE0ef6OMjPGeB7aJqjtATOcA2JVIyQxaFIJgWF5XA/w640-h36/Picture8A.png" title="01" width="640" /></span></a></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-yzkYhP_3SHNbrRU2OyEanigMQ_lQ8cVIm1Xp5qKSPxRHT-__c7l66bjJ2S5qDh6UhT4xQ0AoZ1-kTTmw2JtknRL4mfCaRIBjsgnP5xTTPgRX2PS8AFmooPu1zxvywZllpZy3xS6JZT4/s772/Picture8B.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"><img alt="4506-C Form Example - Acceptable:" border="0" data-original-height="46" data-original-width="772" height="37" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-yzkYhP_3SHNbrRU2OyEanigMQ_lQ8cVIm1Xp5qKSPxRHT-__c7l66bjJ2S5qDh6UhT4xQ0AoZ1-kTTmw2JtknRL4mfCaRIBjsgnP5xTTPgRX2PS8AFmooPu1zxvywZllpZy3xS6JZT4/w640-h37/Picture8B.png" title="02" width="640" /><br /></span></a></div><span style="font-family: arial;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgm5n_S1qCkZBVOaUFMDvJ9XtCRsXifJauiNfKwHJRGYkN7myLbslEZBHHuIDVpen9CaCMFkAeM0b1685azWjCHxNPDHN00emfUjOA3BQeQZd30JD7ihEOHXzy43IFFV4l3KnisfSrkn04/s770/Picture8C.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"><img alt="4506-C Form Example - Acceptable:" border="0" data-original-height="40" data-original-width="770" height="33" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgm5n_S1qCkZBVOaUFMDvJ9XtCRsXifJauiNfKwHJRGYkN7myLbslEZBHHuIDVpen9CaCMFkAeM0b1685azWjCHxNPDHN00emfUjOA3BQeQZd30JD7ihEOHXzy43IFFV4l3KnisfSrkn04/w640-h33/Picture8C.png" title="03" width="640" /></span></a></div>
<p style="text-align: left;"><i><span style="font-family: arial;"><b>Not Acceptable</b> - 4506-C Form Example</span></i></p>
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj52OBOBE5ZwhClVPzAHloBTxvc0oqVVcsUc41DwFkrIrFnfBjQfp8L5_6w_oUQbWfdy9N6UEerEKFRfuKRSbZxSiU2Y8Qm8-eW479KvYGwd4xWFQj3-OdYR6fTMUmgJEDaTQFckk9Ntws/s786/Picture9A.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"><img alt="4506-C Form - Not Acceptable:" border="0" data-original-height="42" data-original-width="786" height="33" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj52OBOBE5ZwhClVPzAHloBTxvc0oqVVcsUc41DwFkrIrFnfBjQfp8L5_6w_oUQbWfdy9N6UEerEKFRfuKRSbZxSiU2Y8Qm8-eW479KvYGwd4xWFQj3-OdYR6fTMUmgJEDaTQFckk9Ntws/w635-h33/Picture9A.png" title="01" width="635" /></span></a></div><span style="font-family: arial;"><br />
</span><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyYXsPwk1rSuQAotV8IqoabahL8FCD5eJBQk3UYODxAvK2zXqOqh9Ij7e3htKS1Qw3Cvi6UjvdsPHrIuvx-Oc0zmnnaIJnlIjOHBCbwMiiVtIjzGgMRr50MLV45NlHBxmweFANNsRzNBo/s784/Picture9B.png" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><span style="font-family: arial;"><img alt="4506-C Form - Not Acceptable" border="0" data-original-height="40" data-original-width="784" height="33" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyYXsPwk1rSuQAotV8IqoabahL8FCD5eJBQk3UYODxAvK2zXqOqh9Ij7e3htKS1Qw3Cvi6UjvdsPHrIuvx-Oc0zmnnaIJnlIjOHBCbwMiiVtIjzGgMRr50MLV45NlHBxmweFANNsRzNBo/w640-h33/Picture9B.png" title="02" width="640" /></span></a></div>
<span style="font-family: arial;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPyDhijeM9rz-4I40O9cwHwby7rACxL8wf_HxpH49AS1VY7IXi1OvaHeqqsNihMoTX6SkEE6mdtkMRzNV8Ymib9L3OrR_KTDbkManr2hv549vEyQ3dJTtOIqlfttLB8Vc6Ip6SpcA0HaM/s790/Picture9C.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"><img alt="4506-C Form - Not Acceptable:" border="0" data-original-height="42" data-original-width="790" height="35" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPyDhijeM9rz-4I40O9cwHwby7rACxL8wf_HxpH49AS1VY7IXi1OvaHeqqsNihMoTX6SkEE6mdtkMRzNV8Ymib9L3OrR_KTDbkManr2hv549vEyQ3dJTtOIqlfttLB8Vc6Ip6SpcA0HaM/w640-h35/Picture9C.png" title="03" width="640" /><br /></span></a></div><span style="font-family: arial;"><br />
</span><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEil_V6LcZgpICnRUb44dJrAoc9BxZcDm9NGVjHIT0MNDLCrhfv68KK2_OqYRYG0DPDEUKrABvS9xEwojGYBn-4lkdMyXWeUtZNQEgxkQgq8K3Ab1QVdRnqU76EH2WbvCnFxODx8nhLnpk8/s788/Picture9D.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"><img alt="4506-C Form - Not Acceptable:" border="0" data-original-height="40" data-original-width="788" height="31" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEil_V6LcZgpICnRUb44dJrAoc9BxZcDm9NGVjHIT0MNDLCrhfv68KK2_OqYRYG0DPDEUKrABvS9xEwojGYBn-4lkdMyXWeUtZNQEgxkQgq8K3Ab1QVdRnqU76EH2WbvCnFxODx8nhLnpk8/w640-h31/Picture9D.png" title="04" width="640" /><br /></span></a></div><span style="font-family: arial;"><br />
</span><h3 style="text-align: left;"><span style="color: #6aa84f; font-family: arial;"><b>Q5: What boxes should be marked on the 4506-C form for a 1040 product?</b></span></h3><p style="text-align: left;"><span style="font-family: arial;">If 1040 is on line 6 of the form then box A, or B or C should be checked on the form. Box A is for regular Transcripts, Box B is for Account Transcript, and Box C is for Record of Account. </span></p><blockquote style="border: none; margin: 0 0 0 40px; padding: 0px;"><p style="text-align: left;"><span style="font-family: arial;"><b>Note: </b>Marking multiple boxes could result in an NCS reject or multiple charges from the IRS. <i>See below.</i></span></p></blockquote><p style="text-align: left;"><span style="font-family: arial;">Here is the Order Detail to match the statement above and where you select the appropriate Box A, or B, or C. If you want, Account Transcript, or Record of Account use the dropdown and select the appropriate transcript type.</span></p><p style="text-align: left;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizRRivGiYOpH_TFh_P6guOAp71waVLtNHOl0fsHYFoTs2TTXHp-WN7KGBKr422ojKzicdRA7vmUHdAKNZk2Q550AjeDLY_rTkeWt2f0UD1fgrV3rDnHLmGuXfn62cLhMP11E-ltOyw6Vs/s436/Picture10.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"></span></a></p><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjUxci-BXHc6K_iQbKKo32vrrE0aX2YHONLKdKOH9RtjiQ0-9cSskfqTS2MfY6QZQWZj3OztQFBGOajGxB9DHvZ3H15wqyQ8O-Je2wRpoAeShXYhu7Y-aXr189jiaj8xFHPHDx8HyLRBbEGK56CDkRU6rSkur2VkikRgxsIS1YHam1FJk1d3TYU6DIT" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="52" data-original-width="749" height="31" src="https://blogger.googleusercontent.com/img/a/AVvXsEjUxci-BXHc6K_iQbKKo32vrrE0aX2YHONLKdKOH9RtjiQ0-9cSskfqTS2MfY6QZQWZj3OztQFBGOajGxB9DHvZ3H15wqyQ8O-Je2wRpoAeShXYhu7Y-aXr189jiaj8xFHPHDx8HyLRBbEGK56CDkRU6rSkur2VkikRgxsIS1YHam1FJk1d3TYU6DIT=w441-h31" width="441" /></a></span></div></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhzPgdGoQ9vU7sO6aCRJNZLl3BY57E5tiIr5mTmR9Omd_37hI9k08rzch4gO2_hN2o4xMGcFP3OUhsqrGyhw5VcsazRB_qdBShjSL_Y-X4S8sVlhmMt475KxFFBOdtz4vD4CYzCPF8rSInk3tTjSQsa7mQ9BDMbS5oSDcThB7Q79peJY-cpHLZwhNiE" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="150" data-original-width="430" height="157" src="https://blogger.googleusercontent.com/img/a/AVvXsEhzPgdGoQ9vU7sO6aCRJNZLl3BY57E5tiIr5mTmR9Omd_37hI9k08rzch4gO2_hN2o4xMGcFP3OUhsqrGyhw5VcsazRB_qdBShjSL_Y-X4S8sVlhmMt475KxFFBOdtz4vD4CYzCPF8rSInk3tTjSQsa7mQ9BDMbS5oSDcThB7Q79peJY-cpHLZwhNiE=w447-h157" width="447" /></a></span></div><span style="font-family: arial;"><br /></span><p></p>
<p style="text-align: left;"><span style="font-family: arial;"><i><b>Acceptable </b>- 4506-C Form Example</i><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCZxqJBgWO3RSuJ4pNzprgfLWcmsDNrW-sfMdj0P7_dpVcwTepUBrGgOFpFjuhzcb4Vjmhe03f9nnCwfRgBzHZcAo4kVl606TiS1-iS4QwwX-tD_SttZ32SBga89TOXtIh9XTK0QMzjNk/s806/Picture11.png" style="margin-left: 1em; margin-right: 1em;"><img alt="Acceptable" border="0" data-original-height="186" data-original-width="806" height="148" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCZxqJBgWO3RSuJ4pNzprgfLWcmsDNrW-sfMdj0P7_dpVcwTepUBrGgOFpFjuhzcb4Vjmhe03f9nnCwfRgBzHZcAo4kVl606TiS1-iS4QwwX-tD_SttZ32SBga89TOXtIh9XTK0QMzjNk/w640-h148/Picture11.png" title="4506 C Form -" width="640" /></a><br /><br /></span></p><p style="text-align: left;"><i><span style="font-family: arial;"><b>Not Acceptable </b>- 4506 C Form Example</span></i></p><p style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigGCaWUzfTnRgCP5b9IxRPgu_R2qRqTKgh2_Pc7AMDAmZbrjsl_vYIn_0AViV0M56ALPXL8y9sS5XPXKgOkkrROdzfOL961M9ourMTkSavyZwhRxaSYt_qZEDc5-G0JBjItoNgKZvdmfU/s812/Picture12.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"><img alt="4506-C Form - Unacceptable" border="0" data-original-height="188" data-original-width="812" height="147" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigGCaWUzfTnRgCP5b9IxRPgu_R2qRqTKgh2_Pc7AMDAmZbrjsl_vYIn_0AViV0M56ALPXL8y9sS5XPXKgOkkrROdzfOL961M9ourMTkSavyZwhRxaSYt_qZEDc5-G0JBjItoNgKZvdmfU/w640-h147/Picture12.png" width="640" /></span></a></p><span style="font-family: arial;"><br />
</span><h3 style="text-align: left;"><b><span style="color: #6aa84f; font-family: arial;">Q6: Can a 1040 product and a wage and income product be ordered on the same form? </span></b></h3><p style="text-align: left;"><span style="font-family: arial;">Yes, with exceptions. </span></p><blockquote style="border: none; margin: 0 0 0 40px; padding: 0px;"><p style="text-align: left;"><span style="font-family: arial;"><b>Note: </b>The IRS will return ALL transcripts for taxpayers listed on line 1a and 2a. If you want all forms (wage and income) for each taxpayer, then each taxpayer needs to be input in the order details. If only one taxpayer is listed in the order detail this indicates your order is for that taxpayer only and only one name should appear on the 4506-C form. </span></p></blockquote><p style="text-align: left;"><b><i><span style="font-family: arial;">Order Detail</span></i></b></p><p style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/a/AVvXsEjUxci-BXHc6K_iQbKKo32vrrE0aX2YHONLKdKOH9RtjiQ0-9cSskfqTS2MfY6QZQWZj3OztQFBGOajGxB9DHvZ3H15wqyQ8O-Je2wRpoAeShXYhu7Y-aXr189jiaj8xFHPHDx8HyLRBbEGK56CDkRU6rSkur2VkikRgxsIS1YHam1FJk1d3TYU6DIT" style="font-family: arial; margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="52" data-original-width="749" height="34" src="https://blogger.googleusercontent.com/img/a/AVvXsEjUxci-BXHc6K_iQbKKo32vrrE0aX2YHONLKdKOH9RtjiQ0-9cSskfqTS2MfY6QZQWZj3OztQFBGOajGxB9DHvZ3H15wqyQ8O-Je2wRpoAeShXYhu7Y-aXr189jiaj8xFHPHDx8HyLRBbEGK56CDkRU6rSkur2VkikRgxsIS1YHam1FJk1d3TYU6DIT=w484-h34" width="484" /></a><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi42DLZoPXGLROsjhKK8Ql7ti31Hvzb9mUmtFebyAIWkVVLYz1TqQNqK9SVuDU7IlvxXRoIRyxqynyMhCimIbx6ckQbiISaEJhyESYeo7G0N87B5h5wS9qdp4rVPbtO40kTTPtYk_SOjEkq06tXU4NZD0dcem9ije3GR54yQjCGGcIGRC1SwmNmZskL" style="font-family: arial; margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="122" data-original-width="476" height="126" src="https://blogger.googleusercontent.com/img/a/AVvXsEi42DLZoPXGLROsjhKK8Ql7ti31Hvzb9mUmtFebyAIWkVVLYz1TqQNqK9SVuDU7IlvxXRoIRyxqynyMhCimIbx6ckQbiISaEJhyESYeo7G0N87B5h5wS9qdp4rVPbtO40kTTPtYk_SOjEkq06tXU4NZD0dcem9ije3GR54yQjCGGcIGRC1SwmNmZskL=w491-h126" width="491" /></a></p><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><span style="font-family: arial;"><br /></span><p></p><p style="text-align: left;"><span style="font-family: arial;"><b> Acceptable - </b><i>4506 C Form</i></span></p><p style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjnDYNkv2wwfXvxwfGzhr8YjebLwVk4s1sF1EYa85sT3yT0eYv85MesipcD1jTUzFQ8u41LsO5wc3qzIMnIQ12L5HHcuojl9S3PxTS_t8o7Fszn3G9jW4DNj7a8SzaIds1mNVWulDaFN8/s830/Picture14.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"></span></a></p><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEheZ2oSknBlYY-7i1gL_QTLG56M0SNhiHs9KXryRnpPTnHo_v1ttlMy9awOlqVoqwgROHFJn64RbU4cCew4pUIOsMGtOb-qIzpEw0BJX4AGM4gpLc2R18398qXcFx7Fl0qSLrCm32AxUJVuUnCgg_K7yc9KkQd2pn_NrtPiiPfe6gyFKmQlAbFtYk70" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="166" data-original-width="823" height="131" src="https://blogger.googleusercontent.com/img/a/AVvXsEheZ2oSknBlYY-7i1gL_QTLG56M0SNhiHs9KXryRnpPTnHo_v1ttlMy9awOlqVoqwgROHFJn64RbU4cCew4pUIOsMGtOb-qIzpEw0BJX4AGM4gpLc2R18398qXcFx7Fl0qSLrCm32AxUJVuUnCgg_K7yc9KkQd2pn_NrtPiiPfe6gyFKmQlAbFtYk70=w647-h131" width="647" /></a></span></div><p></p><p style="clear: both; text-align: center;"><br /></p>
<h3 style="text-align: left;"><span style="color: #6aa84f; font-family: arial;"><b>Q7: How should the form be filled out for only a W2 or 1099 request?</b></span></h3><p style="text-align: left;"><span style="font-family: arial;">List the form type you are requesting on line 6 and only mark box 7 on the 4506-C form. </span></p><p style="text-align: left;"><span style="font-family: arial;"><b>Reminder:</b> Wage and Income forms are for individual taxpayers only. If you have two taxpayers, then the forms returned will be for EACH taxpayer and the taxpayers must be input in the order detail. <i>See below.</i></span></p><p style="text-align: left;"><i><span style="font-family: arial;"><b>4506 C Form -</b> Acceptable for W2 only request</span></i></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEmslXAh8ihIZA2Pa-PBfTuT1a7uoBFFzHudrx-MZCE2rR2ESzJ2iVZT_xTbzvr_r6v8LA_NW4S-1X0Y3v-4PB8np9zMH5ilPhDDxAb-kSpyM3NRp_WjiX9Si5Mbxvd9fJxnlgLJKMmcM/s846/Picture15.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"></span></a><span style="font-family: arial;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEmslXAh8ihIZA2Pa-PBfTuT1a7uoBFFzHudrx-MZCE2rR2ESzJ2iVZT_xTbzvr_r6v8LA_NW4S-1X0Y3v-4PB8np9zMH5ilPhDDxAb-kSpyM3NRp_WjiX9Si5Mbxvd9fJxnlgLJKMmcM/s846/Picture15.png" style="margin-left: 1em; margin-right: 1em;"></a><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjyZjE53yGmh9URyCmddW_dJ8ILo4opsEbrkRgei63othtuc1xCxL50XId4u5KefkiRvNfw0w5EfoeR6StloCgD4LEzrJjwJzvGWwFmFaYyhjJucXOT73cQO_6J8FXiKH8B0481bS_o0kCj2Ye9aK3QxQ6Yo5Eri-maPLkyQ1eFnWMwZitJmOtHbz0X" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="164" data-original-width="865" height="121" src="https://blogger.googleusercontent.com/img/a/AVvXsEjyZjE53yGmh9URyCmddW_dJ8ILo4opsEbrkRgei63othtuc1xCxL50XId4u5KefkiRvNfw0w5EfoeR6StloCgD4LEzrJjwJzvGWwFmFaYyhjJucXOT73cQO_6J8FXiKH8B0481bS_o0kCj2Ye9aK3QxQ6Yo5Eri-maPLkyQ1eFnWMwZitJmOtHbz0X=w635-h121" width="635" /></a></div><br /></span></div><span style="font-family: arial;"><br /></span><div style="text-align: left;"><i><span style="font-family: arial;"><b>Order Detail</b> – W2 Only</span></i></div><p style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJ8wE0BMjYVG_VyEHD4m_1IR2SXS8Xh6poicAJ8RHGIsVMlkdL27gy50nOHNlYrvOqoDPIUT_bT1-u49r88axc9fN00ZqBCw3cis6SQAQzha-BNe9bii6KgcrDSjkLABhd6x4NxwviojE/s830/Picture14.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"></span></a></p><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiWaUN7-TW3oc50RdQud7n7Z_pXBFOpeIzljLg0qn97B3nzTBSsrVLePUUInuzh5fZTCitOYfhxlS8ObB3d1k3kf3A6XZ9LZqO3pRXSFYIoNNUnvIkxPoKH_9RhEvdBQ9a-U3Oji68XM7OUDVNxfqostOG3isITPRlUNCY4P3fWxUasBWzP3rPCUxFJ" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="37" data-original-width="442" height="44" src="https://blogger.googleusercontent.com/img/a/AVvXsEiWaUN7-TW3oc50RdQud7n7Z_pXBFOpeIzljLg0qn97B3nzTBSsrVLePUUInuzh5fZTCitOYfhxlS8ObB3d1k3kf3A6XZ9LZqO3pRXSFYIoNNUnvIkxPoKH_9RhEvdBQ9a-U3Oji68XM7OUDVNxfqostOG3isITPRlUNCY4P3fWxUasBWzP3rPCUxFJ=w516-h44" width="516" /></a></span></div></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgmZFvo3a6F1miUp-oUoRF_PUCbHI74fGfBxp9fNCN2e_prGP59xTm7G88bPuE5SVAwYFUjJtq09qkh2sCYoiV9AknaN6tku9G3uNG2Ck7eMsr3D0426xoWNsNiFVgNwg_3yzA0ngY-YVOxDaH1bf1_Y3gOT5Hs1omGrmgE_mlC5ExZ2wPN_F6p823S" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="119" data-original-width="442" height="141" src="https://blogger.googleusercontent.com/img/a/AVvXsEgmZFvo3a6F1miUp-oUoRF_PUCbHI74fGfBxp9fNCN2e_prGP59xTm7G88bPuE5SVAwYFUjJtq09qkh2sCYoiV9AknaN6tku9G3uNG2Ck7eMsr3D0426xoWNsNiFVgNwg_3yzA0ngY-YVOxDaH1bf1_Y3gOT5Hs1omGrmgE_mlC5ExZ2wPN_F6p823S=w525-h141" width="525" /></a></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><br /></span></div><p></p><p style="text-align: left;"><i><span style="font-family: arial;"><b>4506 C Form -</b> Acceptable 1099 only request:</span></i></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxdOjVLou18p9LD2hhU4zrrF0UVGmW2GeNEB_bQIMd3khugAD-lCVpaFR4YtF-J2-PH3tiKi9nV5_MlpMrNSA6Q_1_iY529rdkwdL5djvPw-IFOr1UFe5Vn6i72E5X3KrzOJkY-4-HqK0/s862/Picture17.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"></span></a><span style="font-family: arial;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxdOjVLou18p9LD2hhU4zrrF0UVGmW2GeNEB_bQIMd3khugAD-lCVpaFR4YtF-J2-PH3tiKi9nV5_MlpMrNSA6Q_1_iY529rdkwdL5djvPw-IFOr1UFe5Vn6i72E5X3KrzOJkY-4-HqK0/s862/Picture17.png" style="margin-left: 1em; margin-right: 1em;"></a><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi0g95qXgtUy4ImZphp_rZsW4wy2-e1LJDQz9q0FzB7MrAcp1SI9WpJaAHYIPXV5sYl4SXjds9dmXpBqaMbCw5W4vH4AQ7a_nbnBGV90D_f14UAs6_5C2znW7d2IkgfDqS2Db9D5mGCozF72UqvOqYImDKVcC2LRUW6YlUwFJliljBnyRcJ4LyZbE0K" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="165" data-original-width="865" height="120" src="https://blogger.googleusercontent.com/img/a/AVvXsEi0g95qXgtUy4ImZphp_rZsW4wy2-e1LJDQz9q0FzB7MrAcp1SI9WpJaAHYIPXV5sYl4SXjds9dmXpBqaMbCw5W4vH4AQ7a_nbnBGV90D_f14UAs6_5C2znW7d2IkgfDqS2Db9D5mGCozF72UqvOqYImDKVcC2LRUW6YlUwFJliljBnyRcJ4LyZbE0K=w627-h120" width="627" /></a></div><br /></span></div><p style="text-align: left;"><i><span style="font-family: arial;"><b>Order Detail </b>– 1099 only:</span></i></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYpENKW_foj4Omx9263Vp0BrTdBZS2KMSZRMVBUwYq35E29BiZHbld4xhLvVfjmDXjxmrWErrZ5NupldZ7EISwWE8GgljYCjWunL4s9oPRtDQmZqIG8fw384hQKA93sXWKQ9DSuupn1os/s360/Picture18.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"></span></a><span style="font-family: arial;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYpENKW_foj4Omx9263Vp0BrTdBZS2KMSZRMVBUwYq35E29BiZHbld4xhLvVfjmDXjxmrWErrZ5NupldZ7EISwWE8GgljYCjWunL4s9oPRtDQmZqIG8fw384hQKA93sXWKQ9DSuupn1os/s360/Picture18.png" style="margin-left: 1em; margin-right: 1em;"></a><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhcHGiO8iLX1qCBSo9gUFeo9a87UpVuXr6yTQ3HBoBEw3ew3M22Y1JvN7bbZ5OpvrwPFoOlNo1Cy4IAwvKbHHl2b6kc7-8MD1lVrmHv1S-oFG41hEnlYlgJMkPsa6fwO9hj5MwXv2eakGhpSYW69PqrdD08QL6f3xKiMpOE0sNymdaCLLkjpLPb50KX" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="37" data-original-width="442" height="40" src="https://blogger.googleusercontent.com/img/a/AVvXsEhcHGiO8iLX1qCBSo9gUFeo9a87UpVuXr6yTQ3HBoBEw3ew3M22Y1JvN7bbZ5OpvrwPFoOlNo1Cy4IAwvKbHHl2b6kc7-8MD1lVrmHv1S-oFG41hEnlYlgJMkPsa6fwO9hj5MwXv2eakGhpSYW69PqrdD08QL6f3xKiMpOE0sNymdaCLLkjpLPb50KX=w474-h40" width="474" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjFUDx3TvNlKHpMJA8onZw95w7Jeo3DdarIcW7FMJ9Kx-wYxbB9K6iE6NLF1cNu-gcE7r_PT4PBxtevFiBwCcLrj-zDvHDWU3ATO6nGdMStHHUbML48JuQg9KJ1tsdGjwBVBZsPgkDh93kb7y_tlU2IZq9LO1zanZpWSIeEyeDE2U-LeJQRXUXI2_w1" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="126" data-original-width="443" height="135" src="https://blogger.googleusercontent.com/img/a/AVvXsEjFUDx3TvNlKHpMJA8onZw95w7Jeo3DdarIcW7FMJ9Kx-wYxbB9K6iE6NLF1cNu-gcE7r_PT4PBxtevFiBwCcLrj-zDvHDWU3ATO6nGdMStHHUbML48JuQg9KJ1tsdGjwBVBZsPgkDh93kb7y_tlU2IZq9LO1zanZpWSIeEyeDE2U-LeJQRXUXI2_w1=w476-h135" width="476" /></a></div><br /></span></div><div class="separator" style="clear: both; text-align: center;"></div><span style="font-family: arial;"><div style="text-align: center;"><span style="color: #0000ee;"><u><br /></u></span></div>
</span><h3 style="text-align: left;"><span style="color: #6aa84f; font-family: arial;"><b>Q8: How do I request specific tax years?</b></span></h3><p style="text-align: left;"><span style="font-family: arial;">Only the tax years needed for any product (1040s, W2s, 1099s) should be listed on line 8 for the 4506-C form and your order input years must match the form. See below.</span></p><p style="text-align: left;"><b><i><span style="font-family: arial;">Order Detail</span></i></b></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCCjSeMWNVh849gv9oTM69m48Eudga3m84LQTHOU2Alrbw1AG04ZlYd92_m4VR6GRXvDnArWbhcsq2pNLDWhmOWy7V4R3fM6DqgbeK4RvL_sd6Anf62raypycdlqQAE8fBT-3rSuZvsd0/s384/Picture19.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"></span></a><span style="font-family: arial;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCCjSeMWNVh849gv9oTM69m48Eudga3m84LQTHOU2Alrbw1AG04ZlYd92_m4VR6GRXvDnArWbhcsq2pNLDWhmOWy7V4R3fM6DqgbeK4RvL_sd6Anf62raypycdlqQAE8fBT-3rSuZvsd0/s384/Picture19.png" style="margin-left: 1em; margin-right: 1em;"></a><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhxgRbnlH95ovU96LcC5EX6RQ8m3nVuW4ABHxVrTqg3v5Vpj1hotATB-Ij_SHv5RVqsELl-IMwQSkSR1L4XZqzqjJYG2YMBOYhFDksWkgtmP93gIG8t7W17FqDlwY0a5pVTBJIZspdzp5yZL2y9_FYqw7eTw3KLXcAKbmhJITjaTMu3Tc4Tix7y12P1" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="150" data-original-width="424" height="187" src="https://blogger.googleusercontent.com/img/a/AVvXsEhxgRbnlH95ovU96LcC5EX6RQ8m3nVuW4ABHxVrTqg3v5Vpj1hotATB-Ij_SHv5RVqsELl-IMwQSkSR1L4XZqzqjJYG2YMBOYhFDksWkgtmP93gIG8t7W17FqDlwY0a5pVTBJIZspdzp5yZL2y9_FYqw7eTw3KLXcAKbmhJITjaTMu3Tc4Tix7y12P1=w529-h187" width="529" /></a></div><br /></span></div><p style="text-align: left;"><i><span style="font-family: arial;"><b>Acceptable</b> - 4506 C Form</span></i></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhv_T8THuZrjlJLlSR1KIssUbqPO-z78iHZauTgsYsaGzRui0pvNfGADhQm_yRqTD5gBDhIv_2n2PU_HafalmF_q_-4ucO2smdJuBGoB-obAnNxF6BbVmX7HzfAduDeUsceIpRR66vX1Q0/s724/Picture20.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"></span></a><span style="font-family: arial;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhv_T8THuZrjlJLlSR1KIssUbqPO-z78iHZauTgsYsaGzRui0pvNfGADhQm_yRqTD5gBDhIv_2n2PU_HafalmF_q_-4ucO2smdJuBGoB-obAnNxF6BbVmX7HzfAduDeUsceIpRR66vX1Q0/s724/Picture20.png" style="margin-left: 1em; margin-right: 1em;"></a><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgMcL43gORAoBhgXQ2Lmb1Iq4Xg1ueFcaaI6SO75cxP82dY-r6LniRFR1ZIvgDosEz-9b7Ma1eBGv4110vVIrjZ7NRiXJ20lKnBfaoPkup874nZqfis0-bUHdvR5k-LJnfq51oOlh6rwlXoUwwaMSaV4Sc6Mc7hz4AZNXeBN_RJwFb9N03Qbw3FzTQA" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="204" data-original-width="823" height="158" src="https://blogger.googleusercontent.com/img/a/AVvXsEgMcL43gORAoBhgXQ2Lmb1Iq4Xg1ueFcaaI6SO75cxP82dY-r6LniRFR1ZIvgDosEz-9b7Ma1eBGv4110vVIrjZ7NRiXJ20lKnBfaoPkup874nZqfis0-bUHdvR5k-LJnfq51oOlh6rwlXoUwwaMSaV4Sc6Mc7hz4AZNXeBN_RJwFb9N03Qbw3FzTQA=w638-h158" width="638" /></a></div><br /></span></div><p style="text-align: left;"><span style="font-family: arial;"> <i><b>Form 4506 C</b> - Unacceptable</i></span></p><div class="separator" style="clear: both; text-align: left;"><i><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQSK3Mnoybjuzz8BI68QYj4cazPV8ZX5Y-_SRo2fU6h7ZXgWhd9flVB6hvlakSAbCZVPdGr46SmJVtdk-Q-6Rv7tDzzrjHVo_pfyYKEpknedLX0ehRPJTyKiUBkYAb48-YNYTxhAmbfKg/s762/Picture21.png" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: arial;"></span></a><span style="font-family: arial;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQSK3Mnoybjuzz8BI68QYj4cazPV8ZX5Y-_SRo2fU6h7ZXgWhd9flVB6hvlakSAbCZVPdGr46SmJVtdk-Q-6Rv7tDzzrjHVo_pfyYKEpknedLX0ehRPJTyKiUBkYAb48-YNYTxhAmbfKg/s762/Picture21.png" style="margin-left: 1em; margin-right: 1em;"></a><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjhe_DKWtpKTUmbmIvyUZXD_szxrhcgFFia9gzak4hkOd9AzLQiVHlBcRY3zC86GbwdaF6YWfGgaBx0bu0fI-_jfO9PiVmEqZYl4nMy2-bNOpOq7eelLKsK0zad7XhOl-bzZXiLg-qqr9bXxOMaOUduVCjkzeJrrSSTfm-yAlrqYZ3b9_RAVVPPjxLH" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="203" data-original-width="842" height="152" src="https://blogger.googleusercontent.com/img/a/AVvXsEjhe_DKWtpKTUmbmIvyUZXD_szxrhcgFFia9gzak4hkOd9AzLQiVHlBcRY3zC86GbwdaF6YWfGgaBx0bu0fI-_jfO9PiVmEqZYl4nMy2-bNOpOq7eelLKsK0zad7XhOl-bzZXiLg-qqr9bXxOMaOUduVCjkzeJrrSSTfm-yAlrqYZ3b9_RAVVPPjxLH=w635-h152" width="635" /></a></div><br /></span></i></div><p></p><p></p>
<h3 style="text-align: left;"><span style="color: #6aa84f; font-family: arial;"><b>Q9: What forms will be returned if the taxpayers on the form did not file their 1040 products joint?</b></span></h3><p style="text-align: left;"><span style="font-family: arial;">If the taxpayers do not file a joint tax return, then the IRS will return the forms filed by EACH taxpayer and IRS charges will apply.</span></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-41330088260176071652021-02-24T17:32:00.000-05:002021-03-04T17:33:03.929-05:00The IRS to replace Form 4506-T/T-EZ, now extended 60 days.<p><span style="font-family: verdana;"> February 24, 2021</span></p><div data-draftjs-conductor-fragment="{"blocks":[{"key":"a0hs2","text":"Effective May 1, 2021, the IRS will only accept IRS Form 4506-C when requesting tax data, rejecting all 4506T/ 4506T-EZ forms submitted for processing after April 30, 2021.","type":"unstyled","depth":0,"inlineStyleRanges":[{"offset":10,"length":11,"style":"{\"FG\":\"#2274bd\"}"},{"offset":157,"length":14,"style":"{\"FG\":\"#2274bd\"}"}],"entityRanges":[],"data":{}},{"key":"1gq89","text":"","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"ae35o","text":"FAQ (Differences between 4506-C & 4506-T)","type":"unordered-list-item","depth":0,"inlineStyleRanges":[{"offset":0,"length":41,"style":"{\"FG\":\"textColor2\"}"},{"offset":0,"length":4,"style":"BOLD"},{"offset":0,"length":41,"style":"UNDERLINE"}],"entityRanges":[{"offset":0,"length":41,"key":0}],"data":{}},{"key":"81pj8","text":"IRS Form 4506-C (For S1 Clients) ","type":"unordered-list-item","depth":0,"inlineStyleRanges":[{"offset":0,"length":32,"style":"{\"FG\":\"textColor2\"}"},{"offset":0,"length":16,"style":"BOLD"},{"offset":0,"length":32,"style":"UNDERLINE"}],"entityRanges":[{"offset":0,"length":32,"key":1}],"data":{}}],"entityMap":{"0":{"type":"LINK","mutability":"MUTABLE","data":{"url":"https://a6ef3559-0851-4f8c-addd-5f4989b6eefb.usrfiles.com/ugd/a6ef35_19109534177247ac813aa6fd24818bd0.pdf","target":"_blank","rel":"noopener"}},"1":{"type":"LINK","mutability":"MUTABLE","data":{"url":"https://a6ef3559-0851-4f8c-addd-5f4989b6eefb.usrfiles.com/ugd/a6ef35_1400a9fe484f4d269fc78d0fa07870e6.pdf","target":"_blank","rel":"noopener"}}}}" style="white-space: pre-wrap;"><div><p><span style="font-family: verdana;"><span data-offset-key="3hkr7-0-0" style="color: #2274bd;">On February 23, 2021</span><span data-offset-key="3hkr7-0-1">, t</span>he IRS just announced a 60-day extension for their new IRS Form 4506-C, which will replace the current IRS form 4506-T. <a href="https://www.irs.gov/pub/irs-access/f4506c_accessible.pdf">IRS Form 4506-C is available online.</a> Originally scheduled to start March 1, 2021, the IRS will also continue to accept the current 4506-T dated (September 2019 & March 2019) through <strong>April 30, 2021</strong>.</span></p><div class="wp-block-image"><figure class="alignright is-resized"><img alt="" class="wp-image-4871" height="197" src="https://www.ncstrv.com/wp-content/uploads/2021/02/4506C-1024x683.png" width="298" /><figcaption><i>New IRS Form 4506-C extended to May 1, 2021.</i></figcaption></figure></div><!-- wp:paragraph --><p style="text-align: left;"><span style="font-family: verdana;">Effective <span style="color: #3d85c6;">May 1, 2021</span>, the IRS will only accept IRS Form 4506-C when requesting tax data, rejecting all 4506T/ 4506T-EZ forms submitted for processing after <span style="color: #3d85c6;">April 30, 2021</span>.</span></p><p style="text-align: left;"><span style="font-family: verdana;"><span style="background-color: white; box-sizing: inherit; color: #191e23; font-size: 16px; font-weight: 600;"><a aria-label="FAQ (Differences between 4506-C & 4506-T) (opens in a new tab)" data-rich-text-format-boundary="true" href="https://www.ncstrv.com/wp-content/uploads/2021/02/FAQ-NCS-4506C.pdf" rel="noreferrer noopener" style="background-color: rgba(0, 160, 210, 0.2); border-radius: 2px; box-sizing: inherit; color: #007fac; outline: 0px; transition-duration: 0.05s; transition-property: border, background, color; transition-timing-function: ease-in-out;" target="_blank">FAQ </a></span><a aria-label="FAQ (Differences between 4506-C & 4506-T) (opens in a new tab)" data-rich-text-format-boundary="true" href="https://www.ncstrv.com/wp-content/uploads/2021/02/FAQ-NCS-4506C.pdf" rel="noreferrer noopener" style="background-color: rgba(0, 160, 210, 0.2); border-radius: 2px; box-sizing: inherit; color: #007fac; font-size: 16px; outline: 0px; transition-duration: 0.05s; transition-property: border, background, color; transition-timing-function: ease-in-out;" target="_blank">(Differences between 4506-C & 4506-T)<br /></a><span style="background-color: white; box-sizing: inherit; color: #191e23; font-size: 16px; font-weight: 600;"><a aria-label="IRS Form 4506-C (opens in a new tab)" data-rich-text-format-boundary="true" href="https://www.ncstrv.com/wp-content/uploads/2020/10/4506-C-09-2020-Line-5-Completed.pdf" rel="noreferrer noopener" style="background-color: rgba(0, 127, 172, 0.2); border-radius: 2px; box-sizing: inherit; color: #007fac; outline: 0px; transition-duration: 0.05s; transition-property: border, background, color; transition-timing-function: ease-in-out;" target="_blank">IRS Form 4506-C</a></span><span style="background-color: white; color: #191e23; font-size: 16px;"> (For Clients, with Line 5 completed)</span></span></p></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-70678593497328334662021-02-23T16:58:00.003-05:002021-03-04T17:01:16.919-05:00IRS Guideline For Submitting YR 2020 IRS Tax Transcript Requests<h3 style="text-align: left;"><span style="white-space: pre-wrap;">Per the IRS IVES, year 2020 IRS 1040 tax transcript data is expected to be available the week of February 22, 2021.</span></h3><p>January 25, 2020</p><div data-draftjs-conductor-fragment="{"blocks":[{"key":"5j50n","text":"Any 4506T/C request submitted prior to the availability of IRS 2020 tax transcript data will result in a “No Record” on file from the IRS. A subsequent transcript request will be required at a future date for results.","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"4li6t","text":" ","type":"atomic","depth":0,"inlineStyleRanges":[],"entityRanges":[{"offset":0,"length":1,"key":0}],"data":{}},{"key":"7bqk4","text":"If a taxpayer files electronically, allow 3-4 weeks after the return submission before requesting a 2020 tax transcript.","type":"unordered-list-item","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"b9f0f","text":"If a taxpayer filed by mail, allow 6-8 weeks after the return was mailed before requesting a YR 2020 transcript. ","type":"unordered-list-item","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"2funj","text":"The IRS has not communicated the availability date for YR 2020 1099 and W2 data.","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"e3qd6","text":"\nPlease note : The IRS will only accept the 4506-C for IRS tax transcript requests effective May 1, 2021 (rev 2/23/2021).","type":"unstyled","depth":0,"inlineStyleRanges":[{"offset":1,"length":11,"style":"BOLD"},{"offset":13,"length":1,"style":"BOLD"},{"offset":12,"length":1,"style":"ITALIC"},{"offset":12,"length":1,"style":"{\"FG\":\"textColor2\"}"},{"offset":93,"length":27,"style":"{\"FG\":\"textColor2\"}"}],"entityRanges":[],"data":{}}],"entityMap":{"0":{"type":"wix-draft-plugin-image","mutability":"IMMUTABLE","data":{"config":{"alignment":"left","size":"small","showTitle":true,"showDescription":true,"disableExpand":false},"src":{"id":"a6ef35_9f0bab6b75ef4a02abf3418feba93eda~mv2.jpg","height":248,"width":600,"original_file_name":"a6ef35_db16e556c5f74a7ca79fb64154ab2bae~mv2.jpg","file_name":"a6ef35_9f0bab6b75ef4a02abf3418feba93eda~mv2.jpg"}}}}}" style="white-space: pre-wrap;"><div class="jwLWP _2hXa7 _30PMG blog-post-text-font blog-post-text-color public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr" data-block="true" data-editor="editor" data-offset-key="bm1if-0-0"><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="bm1if-0-0"><span data-offset-key="bm1if-0-0">Any 4506T/C request submitted prior to the availability of IRS 2020 tax transcript data will result in a “No Record” on file from the IRS. A subsequent transcript request will be required at a future date for results.</span></div><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="bm1if-0-0"><span data-offset-key="bm1if-0-0"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnAqjKDixFMGgqnpBKyJe0SRWHRbSq4G8aOeK_AhYMRkfEl6Hdj1DHui5JxHmRhb2Qa1sJe0px1A-8pnE5S0hc6sLRP0MNaa_qzDA8PHlGNkh2ZaJmLr2aEWZsQFwFXz-kUqb2KEe8E5E/s897/IRS-01.png" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="IRS Guideline" border="0" data-original-height="515" data-original-width="897" height="184" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnAqjKDixFMGgqnpBKyJe0SRWHRbSq4G8aOeK_AhYMRkfEl6Hdj1DHui5JxHmRhb2Qa1sJe0px1A-8pnE5S0hc6sLRP0MNaa_qzDA8PHlGNkh2ZaJmLr2aEWZsQFwFXz-kUqb2KEe8E5E/w320-h184/IRS-01.png" title="Request for 2020 Tax Transcript" width="320" /></a></div></div><ul class="public-DraftStyleDefault-ul" data-offset-key="46iml-0-0" style="text-align: left;"><li>If a taxpayer files electronically, allow 3-4 weeks after the return submission before requesting a 2020 tax transcript.</li><li class="_2QuBr _30PMG z64nJ _3C94N public-DraftStyleDefault-list-ltr public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="editor" data-offset-key="d5oog-0-0"><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="d5oog-0-0"><span data-offset-key="d5oog-0-0">If a taxpayer filed by mail, allow 6-8 weeks after the return was mailed before requesting a YR 2020 transcript. </span></div></li></ul><div class="jwLWP _2hXa7 _30PMG blog-post-text-font blog-post-text-color public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr" data-block="true" data-editor="editor" data-offset-key="1eekv-0-0"><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="1eekv-0-0"><span data-offset-key="1eekv-0-0"><br /></span></div><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="1eekv-0-0"><span data-offset-key="1eekv-0-0">The IRS has not communicated the availability date for YR 2020 1099 and W2 data.</span></div></div><div class="jwLWP _2hXa7 _30PMG blog-post-text-font blog-post-text-color public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr" data-block="true" data-editor="editor" data-offset-key="aifhs-0-0"><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="aifhs-0-0"><span data-offset-key="aifhs-0-0">
</span><span data-offset-key="aifhs-0-1" style="font-weight: bold;"><br /></span></div><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="aifhs-0-0"><span data-offset-key="aifhs-0-1" style="font-weight: bold;">Please note</span><span data-offset-key="aifhs-0-2" style="color: #913437; font-style: italic;"> </span><span data-offset-key="aifhs-0-3" style="font-weight: bold;">:</span><span data-offset-key="aifhs-0-4"> The IRS will only accept the 4506-C for IRS tax transcript requests effective </span><span data-offset-key="aifhs-0-5" style="color: #913437;">May 1, 2021 (rev 2/23/2021)</span><span data-offset-key="aifhs-0-6">.</span></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-24525076990305781852020-12-15T15:39:00.004-05:002022-07-01T07:23:06.695-04:00Updated SSA-89 Form for Loan Identity Verifications.<div data-draftjs-conductor-fragment="{"blocks":[{"key":"93j7b","text":"There is no SSA requirement to use the SSA-89 (rev 12/2020) until September 30, 2021. This newest form revision condenses the previous 2-page SSA-89 form into a single page. The SSA will consider the SSA-89 (rev 12/2020) form altered if split into two separate pages, and the request will be rejected.","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"ccoog","text":"","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}},{"key":"e5udp","text":"If an organization’s loan origination or document management system is separating the SSA-89 (rev 12/2020) into two pages, the appropriate party should be alerted of the SSA’s policy for only accepting single page SSA-89 (rev 12/2020) form.","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[],"data":{}}],"entityMap":{}}" style="white-space: pre-wrap;"><div class="jwLWP _2hXa7 _30PMG blog-post-text-font blog-post-text-color public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr" data-block="true" data-editor="editor" data-offset-key="16c2j-0-0"><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="16c2j-0-0"><span data-offset-key="16c2j-0-0"><h3 style="text-align: left;">The SSA has issued a new SSA-89 form with the revision date of 12/2020. </h3><div data-draftjs-conductor-fragment="{"blocks":[{"key":"44sqb","text":"The SSA has issued a new SSA-89 form with the revision date of 12/2020. ","type":"unstyled","depth":0,"inlineStyleRanges":[{"offset":0,"length":72,"style":"BOLD"}],"entityRanges":[],"data":{}}],"entityMap":{}}"><span style="font-family: inherit;">December 15, 2020</span></div><div data-draftjs-conductor-fragment="{"blocks":[{"key":"44sqb","text":"The SSA has issued a new SSA-89 form with the revision date of 12/2020. ","type":"unstyled","depth":0,"inlineStyleRanges":[{"offset":0,"length":72,"style":"BOLD"}],"entityRanges":[],"data":{}}],"entityMap":{}}"><span style="font-family: inherit;"><br /></span></div></span></div><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="16c2j-0-0"><span data-offset-key="16c2j-0-0"><span style="font-family: inherit;">There is no SSA requirement to use the <a href="https://www.ssa.gov/forms/ssa-89.pdf" target="_blank">SSA-89 (rev 12/2020)</a> until September 30, 2021. This newest form revision condenses the previous 2-page SSA-89 form into a single page. The SSA will consider the SSA-89 (rev 12/2020) form altered if split into two separate pages, and the request will be rejected.</span></span></div><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="16c2j-0-0"><span data-offset-key="16c2j-0-0"><span style="font-family: inherit;"><br /></span></span></div></div><div class="jwLWP _2hXa7 _30PMG blog-post-text-font blog-post-text-color public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr" data-block="true" data-editor="editor" data-offset-key="3m15j-0-0"><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="3m15j-0-0"><span data-offset-key="3m15j-0-0"><span style="font-family: inherit;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguNAHxHR9HKPGM3DVwXsSE5KBOg3jnrErH6ZIUcH6qaP4K1yiZ5xl0KfXYs77vs_lxbtEVd_I75-f1yi6zJnMkpeg7g8cu2KCGoCFKg3prE7MWlzbcJqrnuX-XXOeWTy5HJIY3d5D5tKg/s300/AS_NewForm_57079238.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="SSA-89 Form (Updated 12-2020)" border="0" data-original-height="300" data-original-width="300" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguNAHxHR9HKPGM3DVwXsSE5KBOg3jnrErH6ZIUcH6qaP4K1yiZ5xl0KfXYs77vs_lxbtEVd_I75-f1yi6zJnMkpeg7g8cu2KCGoCFKg3prE7MWlzbcJqrnuX-XXOeWTy5HJIY3d5D5tKg/w200-h200/AS_NewForm_57079238.jpg" title="SSA has issued a new SSA-89 form" width="200" /></a></div><br data-text="true" /></span></span></div></div><div class="jwLWP _2hXa7 _30PMG blog-post-text-font blog-post-text-color public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr" data-block="true" data-editor="editor" data-offset-key="ans06-0-0"><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="ans06-0-0"><span data-offset-key="ans06-0-0"><span style="font-family: inherit;">If an organization’s loan origination or document management system is separating the SSA-89 (rev 12/2020) into two pages, the appropriate party should be alerted of the SSA’s policy for only accepting single page SSA-89 (rev 12/2020) form.</span></span></div><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="ans06-0-0"><span data-offset-key="ans06-0-0"><span style="font-family: inherit;"><br /></span></span></div><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="ans06-0-0"><span data-offset-key="ans06-0-0"><span style="font-family: inherit;"><div data-draftjs-conductor-fragment="{"blocks":[{"key":"3r1ik","text":"SSA-89 Form (updated 12-2020)","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[{"offset":0,"length":29,"key":0}],"data":{}}],"entityMap":{"0":{"type":"LINK","mutability":"MUTABLE","data":{"url":"https://www.ssa.gov/forms/ssa-89.pdf","target":"_blank","rel":"noopener"}}}}"><a href="https://www.blogger.com/blog/post/edit/4618194314401623546/2452507699030578185#" target="_blank">SSA-89 Form (updated 12-2020)</a></div><div data-draftjs-conductor-fragment="{"blocks":[{"key":"3r1ik","text":"SSA-89 Form (updated 12-2020)","type":"unstyled","depth":0,"inlineStyleRanges":[],"entityRanges":[{"offset":0,"length":29,"key":0}],"data":{}}],"entityMap":{"0":{"type":"LINK","mutability":"MUTABLE","data":{"url":"https://www.ssa.gov/forms/ssa-89.pdf","target":"_blank","rel":"noopener"}}}}">-- NCS Clients (with Line 5 completed), <a href="https://www.ncstrv.com/wp-content/uploads/2022/01/4-1-2022-SSA-89-rev.-12-2020.pdf" target="_blank">click here</a></div></span></span></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-9913689518733457542020-04-27T13:46:00.000-04:002020-04-27T13:46:01.591-04:00IRS IVES Slowly Re-opens 4506-T Processing<h6 class="font_6" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_85-heavy1475544, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: normal; line-height: normal; margin: 0px; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
<span style="font-family: avenir-lt-w01_35-light1475496, sans-serif; letter-spacing: 0em;">INDUSTRY UPDATE | April 27, 2020</span></h6>
<div class="font_7" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
<span class="inherit-font-size" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"></span></div>
<div class="font_7" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
This morning, we received status notification from the IRS that all four IVES processing centers are slowly reopening starting Monday, April 27.</div>
<div class="font_7" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
<br /></div>
<div class="font_8" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.5em; margin-left: 40px; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; font-style: italic; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">"We wanted to provide you with an update regarding the current state of our operations. Starting April 27, 2020, we plan to have limited staffing in our service centers to begin processing previously submitted requests. We will not be accepting any new work until we significantly reduce existing inventory. A subsequent update will be provided when new work will be accepted. Due to limited staffing, processing time will be delayed.</span></div>
<div class="font_8" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.5em; margin-left: 40px; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
<br /></div>
<div class="font_8" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.5em; margin-left: 40px; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; font-style: italic; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Thanks for your patience and please stay safe."</span></div>
<div class="font_8" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.5em; margin-left: 40px; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; font-style: italic; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">~ IRS IVES Team</span></div>
<div class="font_8" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin-left: 40px; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
<span class="wixGuard" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"></span></div>
<div class="font_7" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
While honoring safe distancing rules, their workplace operations will be at 50% capacity or less which include centers in Austin (TX), Fresno (CA), Kansas City (MO) and Ogden (UT). There will be a dayshift operating at each site with 25 employees in each of the IVES sites. They will also have a night shift with 25 employees working at each site.</div>
<div class="font_7" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; outline: 0px; padding: 0px; pointer-events: auto; text-align: center; vertical-align: baseline;">
<span class="wixGuard" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"></span></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><span style="margin-left: auto; margin-right: auto;"><a href="https://federalnewsnetwork.com/workforce/2020/04/irs-tells-initial-wave-of-10k-employees-to-return-to-office-monday-bring-own-ppe/" target="_blank"><img alt="" border="0" data-original-height="667" data-original-width="1000" height="262" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYP3a8DOeb6CUdG2f70YRdpb4XC8cph744UNerK6PcUDOmDROg-nTe3HAmMexmsg0YJTLBVg3vZnKSvqmfVIbNios6j20qQJuSr1vn_qhdVSJhDwnLPpbvAyFydvcdoO-GQaSwM446iTI/s400/AS_IRS_1316108520-lr.jpg" title="IRS IVES reopening April 27, 2020" width="400" /></a></span></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="font-family: Trebuchet MS, sans-serif; font-size: x-small;"><a href="https://federalnewsnetwork.com/workforce/2020/04/irs-tells-initial-wave-of-10k-employees-to-return-to-office-monday-bring-own-ppe/" target="_blank">Read more from Federal News Network on bringing 10K IRS employees back to work.</a></span></td></tr>
</tbody></table>
<div class="font_7" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; margin-left: 40px; outline: 0px; padding: 0px; pointer-events: auto; text-align: center; vertical-align: baseline;">
<a data-content="https://federalnewsnetwork.com/workforce/2020/04/irs-tells-initial-wave-of-10k-employees-to-return-to-office-monday-bring-own-ppe/" data-type="external" href="https://federalnewsnetwork.com/workforce/2020/04/irs-tells-initial-wave-of-10k-employees-to-return-to-office-monday-bring-own-ppe/" rel="noopener" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; cursor: pointer; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;" target="_blank"></a></div>
<div class="font_7" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
On March 27, when the centers were mandated to close operations, the IRS had about 350,000 backlogged 4506-T order requests in inventory.</div>
<div class="font_7" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
<br /></div>
<div class="font_7" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
The IRS will begin working on that backlogged inventory today and as they begin to work through that, they will make a decision maybe later this week to open back up the FAX lines to begin receiving new fax orders for 4506-T from the IVES Participants. </div>
<div class="font_7" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
<span class="wixGuard" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"></span></div>
<div class="font_7" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-family: avenir-lt-w01_35-light1475496, sans-serif; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
We will keep this post updated with any new notifications from the IRS.</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-80692734770638038722020-04-15T09:37:00.000-04:002020-04-16T15:01:36.210-04:00NCS just added VOE Services to MeridianLink<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<br /></div>
<h3 style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<i style="font-size: 11pt;"><span style="font-size: 14pt;">Employment and income verification as easy as 1-2-3</span></i></h3>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<span style="font-size: 11pt;"><br /></span></div>
<h4 style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<span style="font-size: 11pt;">Today, we are announcing a new suite of verification of employment services to the MeridianLink platform. Introducing VOE Services for NCS client users, an all-encompassing solution offering quick turn times for manual, automated, and verbal authentication of employment history. NCS makes it easy for MeridianLink users with no data input or monthly minimums. </span></h4>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<o:p></o:p></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<o:p></o:p></div>
<a name='more'></a><div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<span style="font-size: 11pt;">Engineered as a web-based technology system solution, NCS’ VOE Services communicates real-time status during the lifecycle of your order with granular transparency. The system automates a significant part of this service in three easy steps;</span></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<o:p></o:p></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt 0.5in; text-indent: -0.25in;">
<b><span style="font-size: 10pt;">1)<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; font-weight: normal; line-height: normal;"> </span></span></b>validates employer name, telephone, and address using a robust database of employers<o:p></o:p></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt 0.5in; text-indent: -0.25in;">
<b><span style="font-size: 10pt;">2)<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; font-weight: normal; line-height: normal;"> </span></span></b>automatically sends the correct form by VOE type<o:p></o:p></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt 0.5in; text-indent: -0.25in;">
<b><span style="font-size: 10pt;">3)<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; font-weight: normal; line-height: normal;"> </span></span></b>digitally interfaces with the employer verifier<o:p></o:p></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
Once the employer clicks SAVE, the information is sent to our API system for review by a VOE processor. <o:p></o:p></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
“We look forward to unified verification product offering with MeridianLink client users. This added service will trigger more loan manufacturing efficiencies and benefits for lenders that we’re very excited about”, says Curtis Knuth, President/CEO of NCS. By adding NCS’ VOE Services to their current credit reporting, income (4506-T) and identity (SSA-89) source data processing options available on MeridianLink, NCS empowers client users with one source billing, 100% USA-based service, and competitive bundled saving.<o:p></o:p></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo86Kh8h082_WlbcoRCr0mxsms4cDtwl8HN-TuXggsAiRGOasWAkMnvdcRoQsPj847iiegwuGwcV7HmnzyVGrE_7FvACb1bEqTCVPaVoT7dBfKNmlqSq77OH-Nzam0Ehg3mjzad-E39zw/s1600/Stat-Prof01-03.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="" border="0" data-original-height="597" data-original-width="885" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo86Kh8h082_WlbcoRCr0mxsms4cDtwl8HN-TuXggsAiRGOasWAkMnvdcRoQsPj847iiegwuGwcV7HmnzyVGrE_7FvACb1bEqTCVPaVoT7dBfKNmlqSq77OH-Nzam0Ehg3mjzad-E39zw/s320/Stat-Prof01-03.png" title="Voe Services now on MeridianLink" width="320" /></a><o:p> </o:p></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
NCS’ VOE Services uses automation from a robust database of new and participating employment and earning histories. However, 75% of US-based employers are small businesses that require manually verification and database input. Despite the outweighed demand, NCS’ VOE processors successfully fulfill order requests <b>up to 3 times faster</b> <b>than the industry benchmark</b> for manual and verbal verification processes.<o:p></o:p></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
NCS focuses on premier customer satisfaction by delivering quality reports with speed, accuracy, and consistency. Whether to consider third-party service providers using automation, verbal or direct-to-employer verification processes, NCS’<b> VOE Services </b>has the customer support, the operations team, and the cultural experience to seamlessly manage all of your VOE requirements.<o:p></o:p></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
---<o:p></o:p></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
<b>More about NCS<o:p></o:p></b></div>
<div class="MsoNormal" style="font-family: "Calibri Light", sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt;">
NCS (<a href="https://www.ncstrv.com/" target="_blank"><strong><span style="color: #1c1e29;">National Credit-reporting System Inc.</span></strong></a><span style="color: #1c1e29;">) is a full-service consumer reporting agency specializing in third-party verification solutions and credit intelligence</span>. NCS offers quick access to validated source data for client users like bankers, mortgage brokers, and credit unions.<o:p></o:p></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-89355341965863472092020-03-30T15:46:00.003-04:002021-05-12T09:49:35.416-04:00IRS & Employer Advocacy / Performance Update<span face=""trebuchet ms" , sans-serif">by Curtis Knuth</span><br />
<span face=""trebuchet ms" , sans-serif"><br /></span>
<span face=""trebuchet ms" , sans-serif">As some of you know, I’ve been working with our trade associations and government leadership to emphasize our unique importance to the U.S. economy. My conversations with MBA and CDIA ensure that Treasury recognizes our unique position and is extremely sensitive to pipeline fallout and the many servicing issues in the headlines.</span><br />
<br class="Apple-interchange-newline" />
<span face=""trebuchet ms" , sans-serif">Getting credit supplements and CreditXpert solutions will not be a concern as you navigate business challenges. <b>We’re your partner in this and we’re ready to help.</b></span><br />
<hr />
<div class="separator" style="clear: both; text-align: center;">
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinzju6adfyO2mjBkXDw6KQhnw8-m0Gdjo3LE6IO220gL3eKqje59wlFPGIpcGsO8s0rgIyJq85XUgySRoTINnGLnC1q2b0GHVeH2MmrWtFY53CXZXJKdyBJWZzJgx1ufDnaWXIjp-D7As/s900/AS_IRS_222371816_lr.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="600" data-original-width="900" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinzju6adfyO2mjBkXDw6KQhnw8-m0Gdjo3LE6IO220gL3eKqje59wlFPGIpcGsO8s0rgIyJq85XUgySRoTINnGLnC1q2b0GHVeH2MmrWtFY53CXZXJKdyBJWZzJgx1ufDnaWXIjp-D7As/s320/AS_IRS_222371816_lr.jpg" width="320" /></a></div></div>
<span face=""trebuchet ms" , sans-serif" style="background-color: white;"><b><br /></b></span>
<span face=""trebuchet ms" , sans-serif" style="background-color: white;"><b>The IRS suspended 4506-T processing activities this past Thursday evening, March 26</b>. </span><span face=""trebuchet ms" , sans-serif">This is following a poorly executed IRS plan beginning March 19th to migrate 4506-T requests from closing sites to open sites. PennyMac late last Thursday, suspended 4506-T requirements for all programs except USDA. We expect guidance from the GSEs today or tomorrow with their recommendations. Review your investor guidelines, but we expect all guidance requiring execution of the 4506-T to remain effective.</span><br />
<span face=""trebuchet ms" , sans-serif"><br /></span>
<span face=""trebuchet ms" , sans-serif"><span style="background-color: white;"><span>The IRS has no remote processing capability for their employees completing 4506-T processing.</span> </span> Until IRS offices reopen, 4506-T processing will remain suspended. We continue activity towards utilizing the Get My Transcript IRS application. We’ll keep clients and prospects apprised of developments.</span><br />
<span face=""trebuchet ms" , sans-serif"><br /></span>
<hr />
<span face=""trebuchet ms" , sans-serif"><b>The GSEs have modified their VOE standards </b>permitting validations via e-mail. Employer’s response to VOE requests remains strong and overall performance has stabilized well at 70% of all requests completed in 24 hours or less. Specific to VOE processing, S1 is making extended payment terms available to clients within a case by case basis. Contact you S1 representative for information.</span><br />
<br />
<hr />
<span face=""trebuchet ms" , sans-serif"><b>SSA-89 processing (SSV) </b>has sustained zero impact and is performing per SLA</span><br />
<div>
<br /></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-55648217088811598052020-03-10T12:46:00.001-04:002020-03-10T17:02:34.287-04:00Taxpayer First Act, Section 2201- How it affect the mortgage industry.<h2 style="background-position: 0px 0px; border: 0px; font-stretch: normal; font-weight: normal; line-height: normal; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
<span style="color: #e69138; font-family: "verdana" , sans-serif; font-size: large;">The IRS IVES User Fee Increases on March 1, 2020</span></h2>
<span style="font-family: "verdana" , sans-serif; font-size: small;"><i>Updated Feb 1, 2020</i></span><br />
<div class="font_8" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: 0px 0px; background-repeat: initial; background-size: initial; border: 0px; color: #313130; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: 1.6em; outline: 0px; padding: 0px; pointer-events: auto; vertical-align: baseline;">
<br />
<span style="font-family: "verdana" , sans-serif;"><span style="font-size: 20px;">The IRS announced an increase in user fees for 4506-T processing.This increase affects all IVES 4506-T requests with qualified disclosures over two years to fund the development of the IRS modernization for real-time processing. </span><span style="color: black; font-family: "calibri" , sans-serif; font-size: small;"></span><span style="font-size: 20px;">Effective March 1, 2020, the new fee will increase from $2.00 to $5.00 per transcript year requested.</span></span></div>
<hr />
<h4>
<a name='more'></a><span style="font-family: "verdana" , sans-serif;">---</span><br /><b style="font-family: verdana, sans-serif;">WHAT IS SECTION 2201 ("Additional User Fee")</b></h4>
<span style="font-family: "verdana" , sans-serif;">On July 30, 2019, the President signed the <a href="https://www.forbes.com/sites/deanzerbe/2019/07/02/congress-expands-taxpayer-rights-with-taxpayer-first-act-of-2019/#20d461a61729" target="_blank">Taxpayer First Act</a> – an expansive effort to modernize the IRS. </span><br />
<br />
<span style="font-family: "verdana" , sans-serif;">Section 2201 of this bill addresses the "Modernization Disclosure of IRS Taxpayer Information for third-party income verification" requiring the IRS to:</span><br />
<ul>
<li><span style="font-family: "verdana" , sans-serif;">develop an automated online processing system to receive third-party income verification forms (4506-T)</span></li>
<li><span style="font-family: "verdana" , sans-serif;">return the IRS tax transcript data in close to real-time.</span></li>
</ul>
<span style="font-family: "verdana" , sans-serif;">This modernization aims to reduce delivery turn time significantly from days to within a second. This provision authorizes the IRS to charge a separate user fee on all IVES requests with qualified disclosures over two years to fund the development of the IRS processing system.</span><br />
<br />
<span style="font-family: "verdana" , sans-serif;">The cost analysis to pay for the IRS Application Program Interface (API) system upgrade modernizing transcript processing defines the NEW ADDITIONAL USER FEE. Funding for this automated system will be accomplished by the IRS, increasing the current fee of $2.00 per transcript year to $5.00.</span><br />
<br />
<span style="font-family: "verdana" , sans-serif;">NCS has long advocated IRS development of an API for instant delivery of tax transcripts. The Congressionally mandated API development was included in the Act. The IRS’ fee increase is an attempt to collect program development fees for an IRS API scheduled to launch in 2023. Following the 2023 date, the expectation is that the IRS user fee per transcript year will dramatically decrease due to the improved efficiencies of the new system.</span><br />
<br />
<span style="font-family: "verdana" , sans-serif;">The user fee increase does NOT apply to transcript requests that fall outside the definition of a "qualified disclosure". <a href="https://www.irs.gov/newsroom/taxpayer-first-act-irs-modernization" target="_blank">Under Section 2201</a>, the IRS defines qualified disclosures as "a person seeking to verify the income or creditworthiness of a taxpayer who is a borrower in the process of a loan application".</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;">---</span><br />
<b style="font-family: verdana, sans-serif;">WHO IS AFFECTED</b><span style="font-family: "verdana" , sans-serif;"></span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;">The IRS user fee increase only applies to a “qualified disclosure” as outlined in section 6103-c of the Internal Revenue Code of 1986 of return information. A “qualified disclosure” is defined as someone who is seeking to verify the income or creditworthiness of a taxpayer, who is a borrower in the process of a loan application.” If your business is in the “qualified disclosure” category you will be charged $5.00 for each tax year ordered effective March 1, 2020. Any other type of business that orders a tax transcript would be in the “non-qualified disclosure category and will continue to pay $2.00 per tax year requested. An example of a non-qualified disclosure would be tax transcripts ordered for Insurance or Healthcare companies. </span><br />
<br />
<!--more--><span style="font-family: "verdana" , sans-serif;">---</span><br />
<b style="font-family: verdana, sans-serif;">NCS ADVOCACY</b><br />
<br />
<span style="font-family: "verdana" , sans-serif;">We are very disappointed and frankly surprised at the IRS’ announcement to increase the yearly surcharge an additional $3.00 for a total of $5.00 per transcript year requested. The IRS notified NCS on 12/23 of their intention to enact the fee on March 1, 2020.</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;">NCS has met several times with the IRS to review the cost analysis breakdown. NCS’ SVP Cecil Bowman is one of 8 IVES Working Group advisors involved in the implementation discussions. “We’re disappointed at the number the IRS has arrived at to deliver the requirements of the Taxpayer First Act," Bowman comments. "This is primarily being shouldered by the mortgage industry as the principal user of IVES. Since the service is doubling the surcharge fee, we believe a portion of the development costs should be deferred until the launch of the service.</span><br />
<br />
<span style="font-family: "verdana" , sans-serif;">NCS is advocating that the IRS raises the surcharge between $1.00 – 1.50 per transcript year to cover the API development, as initially proposed. NCS’s direct advocacy efforts are pointed towards the IRS, Treasury, and members of Congress. Advocacy efforts are directed through NCS trade associations, including the Mortgage Bankers Association (MBA) and the Consumer Data Industry Association (CDIA). Additional advocacy is presented via NCS’s leadership position in the IRS’ IVES Work Group with our industry peers.</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;">We can assure you we’re leveraging all our industry and government relationships to bring about a successful outcome for our mutual interests. Please reach out to your NCS account representative for a quick resolution to questions or concerns related to this matter. You may also contact our general communication inbox at info@NCSTRV.com.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-71581039535401886442019-12-23T12:15:00.000-05:002020-03-10T11:46:41.008-04:00Year-End Update to Taxpayer First Act (HR 3151) | Subtitle C, Section 2201 & 2202<span style="font-family: "verdana" , sans-serif;">Originally published on Dec 3, 2019</span><br />
<span style="color: #cc0000; font-family: "verdana" , sans-serif;"><i>*Revised December 24, 2019</i></span><br />
<h4>
<span style="font-family: "verdana" , sans-serif; font-weight: normal;">The <a href="https://www.congress.gov/bill/116th-congress/house-bill/3151" target="_blank">Taxpayer First Act </a>became public law on July 1, 2019. </span></h4>
<h4>
<span style="font-family: "verdana" , sans-serif; font-weight: normal;">Our last notification provided information on Section 2201 regarding a proposed increase in the IRS transaction fee effective on January 1, 2020. </span></h4>
<h4>
<span style="font-family: "verdana" , sans-serif; font-weight: normal;">This notification provides the approved fee increase amount as well as information on Section 2202, which limits redisclosures and uses of consent-based disclosures of tax return information. <a name='more'></a></span></h4>
<h4>
<span style="font-family: "verdana" , sans-serif;"><span style="font-weight: normal;">Here are the recent updates as of December 24, 2019:</span></span></h4>
<br />
<span style="font-family: "verdana" , sans-serif;">OVERVIEW:</span><br />
<ul>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWdyP8ZwHK_Vasdz1OsO2UU3hrWN2Xayhm6kH5bvnPa3zuDGQqjPLYj6iviZfbNudEDkBKi4ANhnYRL2l8ZQ8CJ9sfauBbt3CJRcRR3-4KMeI2cqk_VcdX85RdkYW1DissXquLm0nnio0/s1600/2201.png" imageanchor="1" style="clear: right; display: inline !important; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="726" data-original-width="1028" height="224" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWdyP8ZwHK_Vasdz1OsO2UU3hrWN2Xayhm6kH5bvnPa3zuDGQqjPLYj6iviZfbNudEDkBKi4ANhnYRL2l8ZQ8CJ9sfauBbt3CJRcRR3-4KMeI2cqk_VcdX85RdkYW1DissXquLm0nnio0/s320/2201.png" width="320" /></a>
<li><span style="font-family: "verdana" , sans-serif;"><b>December 28, 2019</b>: New Taxpayer Consent Language must be implemented.</span></li>
</ul>
<ul>
<li><span style="font-family: "verdana" , sans-serif;"><b>March 1, 2020</b>: </span><span style="font-family: "verdana" , sans-serif;">The IRS transaction fee increase from the current $2.00 per tax year to <span style="color: #cc0000;">$5.00 per tax year </span><span style="color: #cc0000;">has been delayed and will<b> </b>become effective on <b>March 1, 2020</b>.</span></span></li>
</ul>
<ul>
<li><span style="font-family: "verdana" , sans-serif;"><b>
New IRS 4506-C form</b> to replace the current IRS 4506-T
form. <span style="color: #cc0000;">The new form and implementation date are still pending.</span></span></li>
</ul>
<span style="color: #cc0000; font-family: "verdana" , sans-serif;"><br /></span>
<br />
<ul>
</ul>
<hr />
<br />
<span style="font-family: "verdana" , sans-serif;"><b>Section 2201 ("Additional User Fee")</b></span><br />
<br />
<span style="color: #444444; font-family: "verdana" , sans-serif;">This section addresses the "Modernization Disclosure of IRS Taxpayer Information for third-party income verification" requiring the IRS to </span><span style="color: #444444; font-family: "verdana" , sans-serif;">1) develop an automated online processing system for any </span><span style="color: #444444; font-family: "verdana" , sans-serif;">4506-T requests with </span><b style="color: #444444; font-family: verdana, sans-serif;"><i>qualified disclosures</i></b><span style="color: #444444; font-family: "verdana" , sans-serif;"> </span><span style="color: #444444; font-family: "verdana" , sans-serif;">and 2) </span><span style="color: #444444; font-family: "verdana" , sans-serif;">return the IRS tax transcript data in close to real time.</span><br />
<br />
<span style="color: #444444; font-family: "verdana" , sans-serif;">The cost analysis to pay for the IRS Application Program Interface (API) system upgrade modernizing transcript processing will define the NEW ADDITIONAL USER FEE. <b>Turn-times will reduce from days to within a second.</b></span><br />
<br />
<span style="color: #444444; font-family: "verdana" , sans-serif;">Funding for this automated system will be accomplished by the IRS increasing the current fee of $2.00 per transcript year to $5.00*.</span>
<br />
<span style="color: #444444; font-family: "verdana" , sans-serif;"><br /></span>
<span style="color: #cc0000; font-family: "verdana" , sans-serif;"><i>** UPDATE: The user fee per (IVES) transcript request will increase from $2.00 to $5.00 was effective March 1, 2020. </i></span><br />
<i style="color: #cc0000; font-family: verdana, sans-serif;"><br /></i>
<span style="color: #444444;"><span style="font-family: "verdana" , sans-serif;">The user fee increase does NOT apply to transcript requests that fall outside the definition of a "qualified disclosure". </span><span style="font-family: "verdana" , sans-serif;"><a href="https://www.congress.gov/bill/116th-congress/house-bill/3151/text" target="_blank">For the purposes of this section</a>, the IRS defines </span><i style="font-family: verdana, sans-serif;"><b>qualified disclosures</b></i><span style="font-family: "verdana" , sans-serif;"> as "a person seeking to verify the income or creditworthiness of a taxpayer who is a borrower in the process of a loan application".</span></span><br />
<br />
<span style="color: #444444; font-family: "verdana" , sans-serif;">NCS’ SVP Cecil Bowman, is one of 8 IVES Working Group advisors involved in the implementation discussions. Bowman estimates tax transcript volume via the API will dramatically increase with the removal of antiquated fax delivery mechanisms.</span><br />
<br />
<span style="color: #cc0000; font-family: "verdana" , sans-serif;">After the IRS announced on November 14, 2019 that the change would likely be an extra $1.00, the $2 user fee increase to $5 came as a total surprise to Bowman.</span><br />
<br />
<span style="color: #cc0000; font-family: "verdana" , sans-serif;">“We’re disappointed at the number the IRS has arrived at to deliver the requirements of the Taxpayer First Act", Bowman comments. "This is primarily being shouldered by the mortgage industry as the principal user of IVES. Since the service is doubling the surcharge fee, <b>we believe a portion of the development costs should be deferred until the launch of the service.</b> We’ll be quick to re-open communication channels on this topic, but we’re disappointed at another turning point for income verification and the IRS hasn’t listened to the industry.”</span>
<br />
<br />
<span style="font-family: "verdana" , sans-serif;">Section 2201 mandates the tax transcript API must be delivered by 2023. Following the 2023 date, the expectation is that the IRS user fee of $2.00 per transcript year will dramatically decrease due to efficiencies of the new system.</span><br />
<br />
<hr />
<br />
<span style="font-family: "verdana" , sans-serif;"><b>Section 2202 ("New Consumer Consent Language")</b></span><br />
<br />
<span style="color: #444444; font-family: "verdana" , sans-serif;">This section limits redisclosures and uses of consent-based disclosures of tax return information. The current method of taxpayer consent is having your borrower sign the 4506-T. Section 2202 modifies the existing tax code and requires that you inform the borrower of the “express purpose” for which their tax transcript data will be used. In addition, Section 2202 will now require that borrowers provide “express permission” to allow your organization to share their tax transcript data with other loan participants.</span>
<br />
<br />
<span style="color: #444444; font-family: "verdana" , sans-serif;"><i><u>IMPORTANT NOTICE</u>: The new Taxpayer Consent language disclosure form is <b>only</b> for your files and is <b>NOT</b> to be sent with each IRS Form 4506-T request. The IRS does not require that the new Taxpayer Consent disclosure form accompany each 4506-T.</i></span>
<br />
<br />
<span style="color: #444444; font-family: "verdana" , sans-serif;">It is suggested that you consult with your document prep companies and LOS providers to ensure compliance with Section 2202. <b>The revised Taxpayer Consent Language must be implemented by December 28, 2019.</b></span><br />
<br />
<hr />
<span style="font-family: "verdana" , sans-serif;">MISMO has created a model Taxpayer Consent Language:
<a href="http://www.mismo.org/standards-and-resources/additional-tools-and-resources/taxpayer-consent-language">http://www.mismo.org/standards-and-resources/additional-tools-and-resources/taxpayer-consent-language</a></span><br />
<hr />
<span style="font-family: "verdana" , sans-serif;">Should you have further questions you may contact customer service at 800-582-7066.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-42285863394187859002019-10-28T14:45:00.000-04:002019-11-09T20:17:41.891-05:00Lisa Binkley is turning heads in the industry with a new award.<div style="margin-bottom: .0001pt; margin: 0in;">
<i><a href="https://www.ncstrv.com/" target="_blank"><strong><span style="color: #1c1e29;">National
Credit-reporting System Inc.</span></strong></a><span style="color: #1c1e29;"> (NCS),
a full-service consumer reporting agency specializing in third-party
verification solutions and credit intelligence, announced today that its SVP of
Product Development, </span><a href="https://www.linkedin.com/in/lisa-binkley-b012104/">Lisa Binkley</a><span style="color: #1c1e29;">, is named a recipient of the Lending Luminary Award
presented by </span><a href="http://progressinlending.com/about/">Progress
in Lending</a><span style="color: #1c1e29;">. She received this honor for her
contributions within the mortgage industry in creating standards that address
100% of a borrower's employment, income, and asset attributes.<o:p></o:p></span></i><br />
<span style="color: #1c1e29;"></span><br />
<a name='more'></a><span style="color: #1c1e29;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiD7dV3wMGoajwylmR3bg3eYTOHxGzJbbkHPOBtqpoNj8beG4RRWPGiBe11v1H1b3KlFip2JUq9rBMA8y1NvSCqutdN9VRFzdClEqjzJEJKyjEtJIKFeLvoYT4Tp56BdCM0oodJb5zKSSw/s1600/Lisa-Luminary_2.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="709" data-original-width="1414" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiD7dV3wMGoajwylmR3bg3eYTOHxGzJbbkHPOBtqpoNj8beG4RRWPGiBe11v1H1b3KlFip2JUq9rBMA8y1NvSCqutdN9VRFzdClEqjzJEJKyjEtJIKFeLvoYT4Tp56BdCM0oodJb5zKSSw/s640/Lisa-Luminary_2.gif" width="640" /></a></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="color: #1c1e29;">In the
last year, Binkley has spearheaded some cornerstone initiatives and best
practice procedures that supplement the current digital footprint of our
lending environment for borrowers that; 1) do not receive W2 income, 2) are
unwilling to allow a lender access to their bank accounts, and/or 3) have
employers who do not report to a third-party repository. <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="color: #1c1e29;">Binkley
has designed and deployed a new </span><a href="http://bit.ly/2NHM9gK" target="_blank"><span style="color: #4a6ee0;">VOE/I platform powered by NCS</span></a><span style="color: #1c1e29;"> for fulfilling automated and manual verifications
of income that interfaces directly with the employers. It is a cascading tool
that will allow all consumer's employment and income to be serviced in today's
digital mortgage marketplace.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="color: #1c1e29;">"Lisa
continues to successfully identify opportunities where technology and human
decisions coexist in synergy," states Curtis Knuth, CEO/President of NCS.
"Her innovative contributions ensures future success for our company and
the mortgage industry as a whole."<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="color: #1c1e29;">Binkley
has consistently implemented product features that allow for fast document
upload while eliminating data input by end-users; this leverages the trusted
data from employers and the IRS to perform various calculations. Recently, that
includes a </span><a href="http://bit.ly/2WLunNx" target="_blank"><strong><span style="color: #1c1e29;">simplified income determination tool</span></strong></a><span style="color: #1c1e29;"> that calculates this captured data using our
customizable, standards-based rules engine.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="color: #1c1e29;">Lisa's
industry perspective places a high value upon innovations that expedite the
loan manufacturing workflow process with smart automation, greater access to
borrower data, and real-time transparency throughout the loan manufacturing
process. Mortgage technological advancements should:<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #1c1e29;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #1c1e29;">provide a one-stop
solution combining automation, human logic, and regulatory compliance<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #1c1e29;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #1c1e29;">seamlessly interact
with existing tools and systems<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #1c1e29;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #1c1e29;">create practical
workflow processes for originators, underwriters, and borrowers<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #1c1e29;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #1c1e29;">reduce the number of
days to close a loan<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="color: #1c1e29;"><span style="mso-list: Ignore;">•<span style="font: 7.0pt "Times New Roman";">
</span></span></span><!--[endif]--><span style="color: #1c1e29;">decrease the cost
and time to request, gather, verify, and process loan manufacturing functions<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="color: #1c1e29;">Most of
Binkley's career includes identifying opportunities where technology and human
decisions coexist in synergy. When using credit, employment, or property data
in the lending decision, Lisa continues to advocate the necessity of human
logic when cascading outside an automated rule engine.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="color: #1c1e29;">To see
a list of the other award recipients,</span><a href="http://bit.ly/2NoFDv0" target="_blank"><span style="color: #4a6ee0;"> </span><strong><span style="color: #1c1e29;">read on.</span></strong></a><span style="color: #1c1e29;"><o:p></o:p></span></div>
<!--EndFragment--><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-7540595437482231302019-09-25T09:51:00.000-04:002019-11-15T10:26:11.907-05:00IRS' IVES Working Group meeting to discuss Taxpayer First Act, Section 2201.<span style="font-family: "verdana" , sans-serif;">SECTION 2201 -- The IRS' IVES Working Group is scheduled to meet early October via an IRS hosted conference call. Topics include discussion of the IRS’ cost analysis for required system development contained in the Taxpayer First Act, Section 2201. This section addresses the "Modernization Disclosure of IRS Taxpayer Information for third-party income verification."</span><br />
<a name='more'></a><span style="font-family: "verdana" , sans-serif;"><b><br /></b></span>
<span style="font-family: "verdana" , sans-serif;"><b>
The cost analysis will define the NEW ADDITIONAL USER FEE to pay for the IRS Application Program Interface (API) system upgrade modernizing transcript processing. Turn-times will reduce from days to within a second.</b></span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;">NCS’ SVP Cecil Bowman, is one of 8 IVES Working Group advisors involved in the implementation discussions. Bowman estimates tax transcript volume via the API will dramatically increase with the removal of antiquated fax delivery mechanisms.
Section 2201 mandates the tax transcript API must be delivered by 2023. Following the 2023 date, the expectation is that the IRS user fee of $2.00 per transcript year will dramatically decrease due to efficiencies of the new system. </span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-15644999865855156422019-09-10T13:34:00.000-04:002019-11-09T20:44:03.073-05:00Originators got swamped this August.<h4>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small; font-weight: normal;"><i>By Curtis Knuth</i></span></h4>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-weight: bold;">Wow, originators got swamped this August. </span>It’s a timely volume increase, as there were a considerable number of mortgage bankers with cash flow concerns up to mid-2019. In addition to the demand for credit reports, our VOE processing department is preparing for a dramatic volume increase this September.</span><br />
<a name='more'></a><br />
<hr />
<div class="so-global-p1">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_Y3d_n1R406dqslsj8RRpe7EFVGBcNm-6SN6A3VY9BrKToJG-D4YEte9Ls8iPI3OZFvFmgI53m2y-VuPwgTpzvZ2TBmVr9iLd9IQxnQMqPxYkQbIsCoqluhfGeoZzAgt1u0bNoy81XL4/s1600/Curt-800web.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><img border="0" data-original-height="533" data-original-width="800" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_Y3d_n1R406dqslsj8RRpe7EFVGBcNm-6SN6A3VY9BrKToJG-D4YEte9Ls8iPI3OZFvFmgI53m2y-VuPwgTpzvZ2TBmVr9iLd9IQxnQMqPxYkQbIsCoqluhfGeoZzAgt1u0bNoy81XL4/s320/Curt-800web.jpg" width="320" /></span></a><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-weight: bold;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Lighten your load. </span></span><span style="font-family: "arial" , "helvetica" , sans-serif;">Keep in mind, VOE and TRV (4506-T) processing are simple, time-consuming tasks for a solution provider to consume. Our SERVICE 1st team is ready to explain and document our client’s success stories– many who are new to S1.</span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /><span style="font-weight: bold;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Simplify your ordering process. </span></span>If you’re an Encompass shop, SERVICE 1st have a “Three-on-the-Tree” offering available to you including <span style="font-style: italic;">TRV</span>®<span style="font-style: italic;"> </span>(4506-T), SSV (SSA-89), and VOE. All services are in one location, with a single source ordering and retrieval portal. How simple is that?!</span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Service first.</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">To learn more about the benefits we can provide you, contact our team at SERVICE 1st during business hours. You’ll immediately reach a live representative. No endless pressing your keypad buttons. It’s a small example of our commitment to deliver beyond the expected service- our mantra is in our company name.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Kindest regards,<br /><br /><strong>Curtis Knuth</strong><br /><i>CEO, </i>Service 1st<br />(800) 582-7066<br /><a data-cke-saved-href="mailto:cknuth@ncstrv.com?subject=Newsletter%20-%20March%2019%2C%202018&body=Hello" href="mailto:cknuth@srv1st.com" target="_blank">cknuth@SRV1st.com</a></span>Unknownnoreply@blogger.comRedding, CA, USA40.5865396 -122.391675440.3935656 -122.71439889999999 40.7795136 -122.0689519tag:blogger.com,1999:blog-4618194314401623546.post-72557883461278269372019-08-21T17:08:00.006-04:002021-03-04T17:14:05.929-05:00Leading the Way with Lisa Binkley.<h3 style="text-align: left;"><span style="font-family: verdana;">Congratulations to our very own Lisa Binkley for being named one of the 2019 'Most Powerful Women in Fintech' by Progress in Lending Association!</span></h3>
<p style="text-align: left;"><span style="font-family: verdana;"><strong><a href="http://www.progressinlending.com/about/" rel="noreferrer noopener" target="_blank">Progress in Lending Association</a></strong> is honoring <a href="http://progressinlending.com/2019/07/30/the-2019-winners-are/" rel="noreferrer noopener" target="_blank">30 of the most powerful women in FinTech</a>. Congratulations to Lisa Binkley (NCS) for being named one of the 2019 winners! Kudos for leading the way in reshaping FinTech for today’s financial industry.</span></p><p style="text-align: left;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqkryk2V9NrssVSDz1hbBhA3XA7GnUPMKGCOu1r7WvFQiMFIfbpKtaYbb3ByAqhWROf337V8zKY8PnAoK9O4RskMZQHN_4qoRX8YD9VJVdE2LGwDuPKYu2u0vg_jLHTOEB8Ks_8mDl_F0/s1062/2018-10-26_0938.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="516" data-original-width="1062" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqkryk2V9NrssVSDz1hbBhA3XA7GnUPMKGCOu1r7WvFQiMFIfbpKtaYbb3ByAqhWROf337V8zKY8PnAoK9O4RskMZQHN_4qoRX8YD9VJVdE2LGwDuPKYu2u0vg_jLHTOEB8Ks_8mDl_F0/s320/2018-10-26_0938.png" width="320" /></a></div><span style="font-family: verdana;"><br /></span><p></p>
<span style="font-family: verdana;"><a href="https://www.linkedin.com/in/lisa-binkley-b012104">Lisa Binkley</a> is Senior Vice President at National Credit-reporting System, Inc. (NCS), where she is responsible for mortgage solutions and business development. With over 30 years in the mortgage space, Lisa understands all lending disciplines and mortgage processes from a practical user level. She is a well-known quality assurance and business technology expert with the knowledge that spans from origination and underwriting through quality control and risk. With small to midsize lenders in mind, her vision to craft a practical roadmap has led to streamlined loan manufacturing workflow, improved automated technologies, and efficient implementation that saves originators and investors both time and money.
At NCS, Lisa plays a crucial role in product enhancement and new product development. She identifies targeted solutions by directly reaching out to lender clients to gain qualitative feedback on various pain points; in turn, she builds on technological advancements that simplify and improve current processes without disruption. She has spearheaded some cornerstone fintech initiatives that have helped lender clients successfully streamline their efficiencies, including:
<br /></span><ul style="text-align: left;"><li><span style="font-family: verdana;"><strong>VOE Ordering Interface, API, and Processing Platform:</strong> This platform processes orders from the client-facing interface, stand-alone API, and Encompass. It performs real-time validation of the employer using multiple automated subscription resources and direct verifications with employers to reduce turn times for manual employment verifications, provide data back. This VOE platform is an all-encompassing solution capturing manual verifications and automated third-party verifications.</span></li><li><span style="font-family: verdana;">V<strong>OE Upload Process:</strong> Originators simply upload 1003 loan application. NCS performs data input, processes the order, and posts results. Overall process efficiencies result in a 75% reduction in processing time.</span></li><li><span style="font-family: verdana;"><strong>Income Calculations:</strong> This current initiative uses standardized income calculations to streamline processing time for lenders. It supports upstream transparency reduces the time to calculate qualifying income, and provides recommended alerts for any flagged items. As a thought leader in the mortgage industry, Lisa combines an understanding of origination and audit functions, process improvement, risk management, and government regulatory requirements. She continually searches for practical financial technology trends that best positions NCS for continual innovation.</span></li></ul><ul>
</ul><span style="font-family: verdana;">
Ms. Binkley shares her quality assurance and fintech development expertise as a nationally-known speaker for industry conferences and publishes articles that educate industry professionals on data and automation. She has held high visibility positions in numerous industry associations, councils, and working groups, including the Mortgage Bankers Association. Lisa has been honored with several industry-related awards and recognized as one of Housing Wire's 2013 Influential Women in Mortgage.
</span><h5><span style="font-family: verdana;">ABOUT NCS</span></h5>
<span style="font-family: verdana;"><a href="https://www.ncstrv.com/" rel="noreferrer noopener" target="_blank">National Credit-reporting System (NCS)</a> provides a unified credit reporting and verification offering plus consolidated billing options to save clients processing time and money. NCS embraces a tech-forward focus towards creating efficient design engineering, cost-effective solutions, and providing customer-centric service.
www.NCSTRV.com | (800) 582-7066</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-15007224947016921402019-08-21T16:00:00.002-04:002019-11-09T20:53:30.407-05:00Leading the Way with Lisa Binkley.<h3>
<span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">Congratulations to our very own, <a href="https://www.linkedin.com/in/lisa-binkley-b012104" target="_blank">Lisa Binkley</a>, for being named one of the 2019 'Most Powerful Women in Fintech' by Progress in Lending Association!</span></h3>
<div class="separator" style="clear: both; text-align: center;">
<span style="clear: right; color: #444444; float: right; font-family: "trebuchet ms" , sans-serif; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="902" data-original-width="1514" height="189" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBSssPBgjVg1fq-eBRhPARqGoXVZOIoJ5TRANvbl0iP4IKGYJmFokuFaF6rlKcptkneKeOEFPj2CHIffGolAC1olpc8bPAW0YoFiYBCgqGa2lT5xhIqiftvFnI1aIXaWl6eIUZpORpUOQ/s320/PIL2019_LBinkley.png" width="320" /></span></div>
<span style="color: #444444; font-family: "trebuchet ms" , sans-serif;"><br /></span>
<span style="color: #444444; font-family: "trebuchet ms" , sans-serif;"><b><a href="http://www.progressinlending.com/about/" target="_blank"><span id="goog_855042878"></span>Progress in Lending Association</a><span id="goog_855042879"></span></b> is honoring <a href="http://progressinlending.com/2019/07/30/the-2019-winners-are/" target="_blank">30 of the most powerful women in FinTech</a>. Congratulations to Lisa Binkley (NCS) for being named one of the 2019 winners!
Kudos for leading the way in reshaping FinTech for today’s financial industry. </span><br />
<span style="color: #444444; font-family: "trebuchet ms" , sans-serif;"><br /></span>
<br />
<h4>
<span style="color: #444444; font-family: "trebuchet ms" , sans-serif;"><a name='more'></a></span><span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">ABOUT LISA</span></h4>
<div style="background-color: white; border: 0px rgb(225, 225, 225); box-sizing: border-box; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin-bottom: 0.85em; margin-top: 0.85em; padding: 0px; vertical-align: baseline;">
<span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">Lisa Binkley is Senior Vice President at National Credit-reporting System, Inc. (NCS), where she is responsible for mortgage solutions and business development. With over 30 years in the mortgage space, Lisa understands all lending disciplines and mortgage processes from a practical user level. She is a well-known quality assurance and business technology expert with the knowledge that spans from origination and underwriting through quality control and risk. With small to midsize lenders in mind, her vision to craft a practical roadmap has led to streamlined loan manufacturing workflow, improved automated technologies, and efficient implementation that saves originators and investors both time and money.</span></div>
<div style="background-color: white; border: 0px rgb(225, 225, 225); box-sizing: border-box; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin-bottom: 0.85em; margin-top: 0.85em; padding: 0px; vertical-align: baseline;">
<!--[if gte mso 9]><xml>
<o:OfficeDocumentSettings>
<o:AllowPNG/>
</o:OfficeDocumentSettings>
</xml><![endif]-->
<!--[if gte mso 9]><xml>
<w:WordDocument>
<w:View>Normal</w:View>
<w:Zoom>0</w:Zoom>
<w:TrackMoves/>
<w:TrackFormatting/>
<w:PunctuationKerning/>
<w:ValidateAgainstSchemas/>
<w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
<w:IgnoreMixedContent>false</w:IgnoreMixedContent>
<w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
<w:DoNotPromoteQF/>
<w:LidThemeOther>EN-US</w:LidThemeOther>
<w:LidThemeAsian>X-NONE</w:LidThemeAsian>
<w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
<w:DontGrowAutofit/>
<w:SplitPgBreakAndParaMark/>
<w:EnableOpenTypeKerning/>
<w:DontFlipMirrorIndents/>
<w:OverrideTableStyleHps/>
</w:Compatibility>
<m:mathPr>
<m:mathFont m:val="Cambria Math"/>
<m:brkBin m:val="before"/>
<m:brkBinSub m:val="--"/>
<m:smallFrac m:val="off"/>
<m:dispDef/>
<m:lMargin m:val="0"/>
<m:rMargin m:val="0"/>
<m:defJc m:val="centerGroup"/>
<m:wrapIndent m:val="1440"/>
<m:intLim m:val="subSup"/>
<m:naryLim m:val="undOvr"/>
</m:mathPr></w:WordDocument>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="false"
DefSemiHidden="false" DefQFormat="false" DefPriority="99"
LatentStyleCount="376">
<w:LsdException Locked="false" Priority="0" QFormat="true" Name="Normal"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 1"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 2"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 3"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 4"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 5"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 6"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 7"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 8"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 9"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 9"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 1"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 2"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 3"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 4"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 5"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 6"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 7"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 8"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 9"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footnote text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="header"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footer"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index heading"/>
<w:LsdException Locked="false" Priority="35" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="caption"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="table of figures"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="envelope address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="envelope return"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footnote reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="line number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="page number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="endnote reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="endnote text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="table of authorities"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="macro"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="toa heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 5"/>
<w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Closing"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Signature"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="true"
UnhideWhenUsed="true" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Message Header"/>
<w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Salutation"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Date"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Block Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="FollowedHyperlink"/>
<w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Document Map"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Plain Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="E-mail Signature"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Top of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Bottom of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal (Web)"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Acronym"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Cite"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Code"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Definition"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Keyboard"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Preformatted"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Sample"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Typewriter"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Variable"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Table"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation subject"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="No List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Contemporary"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Elegant"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Professional"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Balloon Text"/>
<w:LsdException Locked="false" Priority="39" Name="Table Grid"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Theme"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" QFormat="true"
Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" QFormat="true"
Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" QFormat="true"
Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" QFormat="true"
Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" QFormat="true"
Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" QFormat="true"
Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" SemiHidden="true"
UnhideWhenUsed="true" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"/>
<w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/>
<w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/>
<w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/>
<w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/>
<w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/>
<w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/>
<w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Mention"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Smart Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hashtag"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Unresolved Mention"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Smart Link"/>
</w:LatentStyles>
</xml><![endif]-->
<style>
<!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;
mso-font-charset:0;
mso-generic-font-family:roman;
mso-font-pitch:variable;
mso-font-signature:-536870145 1107305727 0 0 415 0;}
@font-face
{font-family:"Calibri Light";
panose-1:2 15 3 2 2 2 4 3 2 4;
mso-font-charset:0;
mso-generic-font-family:swiss;
mso-font-pitch:variable;
mso-font-signature:-536859905 -1073732485 9 0 511 0;}
@font-face
{font-family:"Times New Roman \(Body CS\)";
panose-1:2 11 6 4 2 2 2 2 2 4;
mso-font-alt:"Times New Roman";
mso-font-charset:0;
mso-generic-font-family:roman;
mso-font-pitch:auto;
mso-font-signature:0 0 0 0 0 0;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{mso-style-unhide:no;
mso-style-qformat:yes;
mso-style-parent:"";
margin:0in;
margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:12.0pt;
font-family:"Times New Roman",serif;
mso-fareast-font-family:"Times New Roman";}
.MsoChpDefault
{mso-style-type:export-only;
mso-default-props:yes;
font-size:11.0pt;
mso-ansi-font-size:11.0pt;
font-family:"Calibri Light",sans-serif;
mso-ascii-font-family:"Calibri Light";
mso-fareast-font-family:Calibri;
mso-fareast-theme-font:minor-latin;
mso-hansi-font-family:"Calibri Light";
mso-bidi-font-family:"Times New Roman \(Body CS\)";}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;
mso-header-margin:.5in;
mso-footer-margin:.5in;
mso-paper-source:0;}
div.WordSection1
{page:WordSection1;}
-->
</style>
<!--[if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:11.0pt;
mso-bidi-font-size:12.0pt;
font-family:"Calibri Light",sans-serif;
mso-bidi-font-family:"Times New Roman \(Body CS\)";}
</style>
<![endif]-->
<!--StartFragment-->
<br />
<div class="MsoNormal">
<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">At NCS, Lisa plays a crucial role
in product enhancement and new product development. She identifies targeted
solutions by directly reaching out to lender clients to gain qualitative
feedback on various pain points; in turn, she builds on technological
advancements that simplify and improve current processes without disruption.
She has spearheaded some cornerstone fintech initiatives that have helped lender
clients successfully streamline their efficiencies, including:<o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">•
<b>VOE Ordering Interface, API, and Processing Platform:</b> This
platform processes orders from the client-facing interface, stand-alone API,
and Encompass. It performs real-time validation of the employer using multiple automated
subscription resources and direct verifications with employers to reduce turn
times for manual employment verifications, provide data back. This VOE platform
is an all-encompassing solution capturing manual verifications and automated
third-party verifications.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">•
<b>VOE Upload Process:</b> Originators simply upload 1003 loan
application. NCS performs data input, processes
the order, and posts results. Overall
process efficiencies result in a 75% reduction in processing time.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">•
<b>Income Calculations:</b> This current initiative uses standardized
income calculations to streamline processing time for lenders. It supports
upstream transparency reduces the time to calculate qualifying income, and
provides recommended alerts for any flagged items.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">
<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">As a thought leader in the mortgage
industry, Lisa combines an understanding of origination and audit functions, process
improvement, risk management, and government regulatory requirements. She
continually searches for practical financial technology trends that best
positions NCS for continual innovation. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">Ms. Binkley shares her quality
assurance and fintech development expertise as a nationally-known speaker for
industry conferences and publishes articles that educate industry professionals
on data and automation. She has held high visibility positions in numerous
industry associations, councils, and working groups, including the Mortgage
Bankers Association. Lisa has been
honored with several industry-related awards and recognized as one of Housing
Wire's 2013 Influential Women in Mortgage.</span><span style="color: #171717; font-family: "calibri light" , sans-serif;"><o:p></o:p></span></span></div>
<!--EndFragment--><span style="color: #444444; font-family: "trebuchet ms" , sans-serif;"><br /></span>
<span style="background-color: transparent; color: #444444; font-family: "trebuchet ms" , sans-serif;">ABOUT NCS</span></div>
<span style="color: #444444; font-family: "trebuchet ms" , sans-serif;"><a href="https://www.ncstrv.com/" target="_blank">National Credit-reporting System (NCS)</a> provides a unified credit reporting and verification offering plus consolidated billing options to save clients processing time and money. <a href="https://nationalmortgageprofessional.com/news/70077/forms-credit-reporting-affiliate-service-first-information-solutions" target="_blank">Together with their sister company SERVICE 1st</a>, the two companies embrace a tech-forward focus towards creating efficient design engineering, cost-effective solutions, and providing customer-centric service. </span><br />
<span style="color: #444444; font-family: "trebuchet ms" , sans-serif;"><br /></span>
<span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">www.NCSTRV.com | (800) 582-7066 </span><br />
<span style="color: #444444; font-family: "trebuchet ms" , sans-serif;">www.SRV1st.com | (866) 606-5952</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-18406569105396137712019-06-25T14:31:00.000-04:002019-07-02T10:57:37.343-04:00Taxpayer First Act Finally Passes the approval of The House and Senate<div class="MsoNormal">
<div class="MsoNormal" style="font-family: calibri, sans-serif; margin: 0in 0in 0.0001pt;">
<span style="font-size: x-small;"><i> by NCS</i></span><br />
<h2>
<span style="font-size: large; line-height: 1;">After the inception to modernize the IRS system 12 years ago, the H.R. 3151 Bill is now awaiting The President's signature.</span></h2>
<div>
<hr />
After several repeated efforts and provisions, the House and Senate have unanimously passed the Taxpayer First Act (aka <a href="https://www.govtrack.us/congress/bills/116/hr3151" target="_blank">H.R. Bill 3151</a><sup>1</sup>) respectively on June 10 and June 13, 2019. The Bill includes various <a href="https://www.irs.gov/newsroom/irs-modernization-plan-provides-plan-to-improve-services-for-taxpayers-tax-community" target="_blank">IRS modernization</a> provisions; but most importantly for the mortgage industry, it requires the IRS to create an instant intake and delivery platform for IRS tax transcript data. This Bill is a considerable win for originators, as it will eliminate the delay in receiving tax transcripts and the delays associated with IRS rejected requests<br />
<br />
NCS had long advocated<span style="font-size: 13.3333px;"> </span>the IRS and congressional members to enhance the IRS’ 12-year-old offering.<sup>2</sup><br />
<a name='more'></a><span style="font-size: 11pt;"><o:p></o:p></span></div>
<div style="font-size: 12pt;">
<span style="font-size: 11pt;"><br /></span></div>
</div>
<div class="MsoNormal" style="caret-color: rgb(0, 0, 0); font-family: Calibri, sans-serif; font-size: 12pt; margin: 0in 0in 0.0001pt; text-size-adjust: auto;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN6IFJaN_2cAayiIpx6VMZWhYd4_E30UGCP29ujOT6aszbh2hFWEMoDSGHYs1GMCJvlHjqPX-HWkWb8AHDfJFG8cBwjM5VC2T6pG0TsGFy2mo6EbovbzN6TMKoGRWB34bBPShfP8grWuo/s1600/5131_Whitehouse-01.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1300" data-original-width="1600" height="260" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN6IFJaN_2cAayiIpx6VMZWhYd4_E30UGCP29ujOT6aszbh2hFWEMoDSGHYs1GMCJvlHjqPX-HWkWb8AHDfJFG8cBwjM5VC2T6pG0TsGFy2mo6EbovbzN6TMKoGRWB34bBPShfP8grWuo/s320/5131_Whitehouse-01.png" width="320" /></a></div>
</div>
<div class="MsoNormal" style="font-family: calibri, sans-serif; margin: 0in 0in 0.0001pt;">
The Bill gathered momentum in the past year with bipartisan sponsorship from House representatives <a href="https://johnlewis.house.gov/media-center/press-releases/rep-john-lewis-rep-mike-kelly-reintroduce-taxpayer-first-act-0" target="_blank">John Lewis (D-Ga) and Mike Kelly (R-Pa)</a>, and the Senate by Finance Committee Chair Chuck Grassley (R-IA) and Ron Wyden (D-OR) supporting reforms to the original Bill. Advocacy efforts from trade associations (<a href="https://www.mba.org/advocacy-and-policy/mba-advocacy" target="_blank">MBA</a>, <a href="https://www.cdiaonline.org/about/about-cdia/" target="_blank">CDIA</a>) and <a href="https://www.ncstrv.com/ncs-advocacy-efforts-edge-closer-to/" target="_blank">NCS’ Cecil Bowman and Curtis Knuth</a> contributed as industry voices influencing the final Bill. The Taxpayer First Act now awaits the President’s signature*.<o:p></o:p><br />
<br />
<i><span style="color: #0b5394;">[*On July 1, 2019, The President of The United States signed the bill into law.]</span></i></div>
<div class="MsoNormal" style="font-family: calibri, sans-serif; margin: 0in 0in 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="font-family: calibri, sans-serif; margin: 0in 0in 0.0001pt;">
<a href="https://www.forbes.com/sites/kellyphillipserb/2018/03/27/new-law-seeks-to-make-changes-to-irs/#3829a26d7d6e" target="_blank">First introduced to the House in March 2018 </a>by the <a href="https://waysandmeans.house.gov/about" target="_blank">Ways and Means Oversight Committee</a>, the Bill was presented as a way to modernize the IRS informational system and taxpayer services. It was initially approved by the majority of the House. However, following House approval, a ProPublica article caused the Bill to be abandoned in the Senate. The <a href="https://www.propublica.org/article/congress-is-about-to-ban-the-government-from-offering-free-online-tax-filing-thank-turbotax" target="_blank">ProPublica story</a> discussed the original Bill’s ‘Free File’ provision, which effectively prohibited the IRS from creating a free tax preparation system for taxpayers. Private tax preparation companies had long advocated for the ‘Free File’ retention.<o:p></o:p></div>
<div class="MsoNormal" style="font-family: calibri, sans-serif; margin: 0in 0in 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="font-family: calibri, sans-serif; margin: 0in 0in 0.0001pt;">
Industry experts have long advocated<a href="https://www.mba.org/mba-newslinks/2019/april/mba-newslink-tuesday-4-16-19/irs-reform-legislation-advances-in-congress" target="_blank"> key talking points </a>of the Bill, suggesting improvements to IRS systems that would; 1) make it easy and inexpensive to file taxes, 2) provide people pre-populated tax forms with income data the agency already possesses, 3) enable a free online system for tax preparation and filing services.<o:p></o:p></div>
<div class="MsoNormal" style="font-family: calibri, sans-serif; margin: 0in 0in 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="margin: 0in 0in 0.0001pt;">
<div style="font-family: calibri, sans-serif;">
With considerable outliers that could impact rollout, NCS anticipates a 2-year implementation timeline. NCS’ industry advocacy team will also closely monitor and address any added user fees the IRS may consider for the program implementation.<span style="font-size: 11pt;"><o:p></o:p></span></div>
<div style="font-family: calibri, sans-serif;">
<br />
<br /></div>
<hr />
<span style="font-size: x-small;"><span style="caret-color: rgb(0, 0, 0);"><span style="font-family: "calibri" , sans-serif;"><sup>1</sup><i> </i></span></span><span style="caret-color: rgb(0, 0, 0); font-family: "calibri" , "helvetica" , sans-serif;"><i>Bill 928 along with H.R. 1957 got folded into a final H.R. Bill 3151 and approved by the House and Senate.</i></span></span></div>
</div>
<sup style="font-family: calibri, sans-serif;">2</sup><span style="font-family: "calibri" , sans-serif; font-size: x-small;"><i>Since the rollout of the IRS' <a href="https://www.irs.gov/individuals/international-taxpayers/irs-income-verification-express-service-ives">IVES</a>
process on October 2006, NCS has been advocating the IRS to automate and
modernize their system to improve on data security, time efficiency, and reduced
error from manual input.</i></span>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-5905653753312282392019-06-24T17:36:00.003-04:002019-06-24T17:39:57.500-04:00We now offer more services on Encompass®!<h1 class="null" style="background-color: white; color: black; font-style: normal; letter-spacing: normal; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
</h1>
<h2>
<span style="color: goldenrod;"><span style="font-family: "verdana" , "geneva" , sans-serif;"><span style="font-family: "verdana" , sans-serif; font-size: medium;"><i><span style="font-size: large;">TRV</span><span style="font-weight: normal;"><span style="font-size: x-small;">®</span></span></i><span style="font-size: large;"> Services Just Added VOE to Ellie Mae's Encompass</span></span></span></span></h2>
<hr />
<h3>
<span style="color: dimgrey;"><span style="font-family: "verdana" , "geneva" , sans-serif;"><span style="font-family: "verdana" , sans-serif; font-size: normal;"><strong>As easy as 1-2-3.</strong></span></span></span></h3>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<span style="font-family: "verdana" , sans-serif;"><span style="color: dimgrey;"><span style="font-family: "verdana" , "geneva" , sans-serif;">Announcing the newest addition on Encompass®; our VOE Services is now integrated with Ellie Mae’s platform under NCS’ brand, “<em>TRV</em>® Services”, along with other product offerings like TRV (4506-T) and SSV (SSV-89). Soon, these products will also be available on Encompass under our affiliate credit reporting provider, SERVICE 1st. This web-based application is built using today's advanced technology.</span></span></span><br />
<span style="font-family: "verdana" , sans-serif;"><span style="color: dimgrey;"><span style="font-family: "verdana" , "geneva" , sans-serif;"><br /></span></span></span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpVu77hIVBD8Cs8lQTdKBaml0xVihUGt2Txh65OvD11XTG10L0uShd2BAMUw5pOspAxu8oGxVfV3umi3FYohL26qPIkrQThuv7g4lhABG-69esFQ03c3jcaQ24Dpu5f5OCUZMdVdW0CEQ/s1600/encompass+header-05.png" imageanchor="1" style="font-family: Times; margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="548" data-original-width="1400" height="156" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpVu77hIVBD8Cs8lQTdKBaml0xVihUGt2Txh65OvD11XTG10L0uShd2BAMUw5pOspAxu8oGxVfV3umi3FYohL26qPIkrQThuv7g4lhABG-69esFQ03c3jcaQ24Dpu5f5OCUZMdVdW0CEQ/s400/encompass+header-05.png" width="400" /></a></div>
<span style="font-family: "verdana" , sans-serif;"><span style="color: dimgrey;"><span style="font-family: "verdana" , "geneva" , sans-serif;"><br />
Verification of employment and income (VOE & VOI) are manual processes that all lenders are required to perform on borrowers who contribute employment income to the loan at least 10 days prior to close. Our new VOE Services API automates a significant part of this service such as;</span></span></span><br />
<span style="font-family: "verdana" , sans-serif;"><span style="color: dimgrey;"><br />
1) validates employer name, telephone, and address through multiple verification resources<br />
2) automatically sends the correct form by VOE type<br />
3) digitally interfaces with the employer verifier</span><br />
<br />
<strong>Reach out today to find out how easy it is to bundle & save using Encompass <em>TRV®</em> Services!</strong></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-89211757282849633512019-04-22T11:45:00.001-04:002019-04-24T11:12:27.441-04:00Are you ready for the new Uniform Residential Loan Application?<h3>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Breaking down the fundamental revisions into simple categories.</span></h3>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">After 20 years, the <a href="https://www.fanniemae.com/content/guide_form/urla-borrower-information.pdf" target="_blank">Uniform Residential Loan Application</a> </span><span style="background-color: white; font-size: 16px;">(URLA- Fannie Form 1003/ Freddie Form 67) is getting a major update for the better -- but it will be disruptive. Are you ready?</span></span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">The new form creates a robust data point capture for the industry in all areas; investigation, selling, post-closing QC, and analytics. I</span><span style="font-family: "arial" , "helvetica" , sans-serif;">nitiated in part by GSE's <a href="http://www.freddiemac.com/singlefamily/sell/pdf/11_17_17_Joint_Announcement.pdf" target="_blank">Uniform Mortgage Data Program</a> (UMDP) under the direction of the <a href="https://www.fhfa.gov/Media/PublicAffairs/Pages/Preferred-Language-Question-to-be-Added-to-the-Redesigned-Uniform-Residential-Loan-Application.aspx" target="_blank">Federal Housing Finance Agency</a> (FHFA), and rolled out by </span>Fannie Mae and Freddie Mac, the updates will </span><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; font-size: 16px;">standardize single-family mortgage data. It is designed to i</span><span style="font-family: "arial" , "helvetica" , sans-serif;">mproving the efficiency, transparency, and certainty for homebuyers and better consistency for lenders in the mortgage process. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="background-color: white; font-size: 16px;"><br /></span></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="background-color: white; font-size: 16px;">The new URLA form </span><span style="font-family: "arial" , "helvetica" , sans-serif;">may be used for new loan applications </span></span><span style="font-family: "arial" , "helvetica" , sans-serif;">starting July 1, 2019 but will be mandatory by February 1, 2020.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5FMFOB6fiwWCNE1yI4gGl9tD9LyJ1ZjSXRgbUKWfwBM-8oAqZ0hMn_bNF1IDR-bmNjVygxTFlYzI3OpI-xTl85xTpZu_CligkehvTmrgm6RKITJb8Ds1qoD8qvvai7tCpNJ7K_xDK-Cs/s1600/2019-04-19_1536.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><img border="0" data-original-height="542" data-original-width="940" height="368" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5FMFOB6fiwWCNE1yI4gGl9tD9LyJ1ZjSXRgbUKWfwBM-8oAqZ0hMn_bNF1IDR-bmNjVygxTFlYzI3OpI-xTl85xTpZu_CligkehvTmrgm6RKITJb8Ds1qoD8qvvai7tCpNJ7K_xDK-Cs/s640/2019-04-19_1536.png" width="640" /></span></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;">The required changes will be disruptive at first but it will move the lending industry deeper into the digital age. It is advised that lenders start taking action now to prepare for the upcoming revisions. </span><span style="font-family: "arial" , "helvetica" , sans-serif;">Tech vendors have already planned ahead in preparation for the initial rollout to allow for seamless transitioning; this includes allotted time for testing.</span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">To make it easier, here are the fundamental changes that we have categorically listed as :</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">I. IMPROVEMENTS</span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">II. DISRUPTIONS</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">III. TIPS TO GET READY</span><br />
<br />
<div>
<hr />
<br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>IMPROVEMENTS:</b></span></div>
<div>
<div>
<ul><span style="font-family: "arial" , "helvetica" , sans-serif;">
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">A clearer set of instructions with simpler terminology.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Redesigned for applicants</span> to easily self-complete. </li>
<li>Lenders will have easier access to the data required for the <a href="https://www.consumerfinance.gov/data-research/hmda/" target="_blank">Home Mortgage Disclosure Act</a> (HMDA).</li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Email addresses and cell numbers are new applications fields.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Limited space to list employment history and property assets. </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Application is designed with dynamic fields.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">“Additional borrower” will replace “co-borrower” section.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Current and prior residence addresses now include a field for either “rental vs mortgage” payments.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Employment history now includes income field.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Another new section provides a place to list assets tied to the real estate transaction.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">A consumer’s language preference section has been included.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Spanish translation guides will be provided for the new application.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Information about the types of loans veterans are getting will be collected.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">A new section covers credit counseling.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">A new, unmarried addendum helps to further define the relationship between the borrower, additional borrowers and other persons with interests in the property.</span></li>
</span></ul>
</div>
<div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">
</span>
<br />
<hr />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>II. DISRUPTIONS:</b></span></div>
<div>
<ul><span style="font-family: "arial" , "helvetica" , sans-serif;">
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">The new form has the potential to be even more disruptive than TRID.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">All lenders’ websites that have built-in applications will need to be modified, as will all point-of-sale platforms. </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Pre-qualifications will need to change to accommodate the updated form.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Data on closed loans with the new application will need to be provided to investors and integrated into servicing platforms.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">It is a much larger digital document requiring extra storage space, changes to the lender’s LOS, and the customization of plugins.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">This issue will be even more complicated on construction loans, given their long lifecycle.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Extra support will be needed for the preferred language. </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Must train employees on the new form and workflow.</span></li>
</span></ul>
</div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">
</span>
<br />
<div>
<hr />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>III. TIPS TO GET READY:</b></span></div>
<div>
<ul><span style="font-family: "arial" , "helvetica" , sans-serif;">
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">The GSEs want technology vendors to begin testing the new form by early 2019, so that mortgage lenders can start using it by the initial rollout date (July 2019). Most <a href="https://www.elliemae.com/blog/compliance/big-changes-are-coming-to-urla-we-ve-got-you-covered-" target="_blank">a</a></span><a href="https://www.elliemae.com/blog/compliance/big-changes-are-coming-to-urla-we-ve-got-you-covered-" target="_blank">utomated underwriting systems</a> have already updated their systems for the new form revisions. </li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Lenders should update LOS plugins as early as possible to begin testing the updated application.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Plan ahead so that there are no old applications active in the pipeline by the mandatory implementation date of February 2020</span></li>
<li>Identify what new data will be required so you are prepared to collect accordingly starting July 2019.</li>
</span></ul>
<div>
<div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;">For more detailed information and FAQs on the new URLA form, you can visit <a href="https://www.fanniemae.com/singlefamily/uniform-residential-loan-application" target="_blank">Fannie Mae's website here</a>.</span></span></div>
<div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
<div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
</div>
</div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">
</span>
<br />
<div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></div>
<div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<div>
<div>
<ul><span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></ul>
</div>
</div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">
</span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-67334320350823802262019-03-03T11:57:00.000-05:002022-01-04T17:47:37.856-05:00The NCS Perspective on the new IRS redaction of transcript data.<span style="font-family: "verdana" , sans-serif;"><span style="font-size: small; font-weight: normal;"><i>By J. Cecil Bowman</i></span></span><br />
<span style="font-family: "verdana" , sans-serif;"><span style="font-size: small; font-weight: normal;"><i>Updated 2/1/2019</i></span></span><br />
<h3>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><bold>About the New IRS Tax Transcript and the Customer File Number (CFN)</bold></span></h3>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH27EdHJNSWN9DXJ6dUAVu_88-1iYmph2bNyWdolOLBWG_Md7NYf4726yg-EU3H_85Ek8q2oHlVR0hcM-9b7VNzAZ0nvSJfbNoz_LSL2ltbjjIBuJ7GmwkUBFt1mRbsChzO15b0E-4Sv8/s1600/AS-taxform_20560702.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1072" data-original-width="1600" height="214" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH27EdHJNSWN9DXJ6dUAVu_88-1iYmph2bNyWdolOLBWG_Md7NYf4726yg-EU3H_85Ek8q2oHlVR0hcM-9b7VNzAZ0nvSJfbNoz_LSL2ltbjjIBuJ7GmwkUBFt1mRbsChzO15b0E-4Sv8/s320/AS-taxform_20560702.jpeg" width="320" /></a><span style="font-family: "arial" , "helvetica" , sans-serif;">A new transcript format for the <a href="https://www.irs.gov/individuals/international-taxpayers/income-verification-express-service" target="_blank">Income Verification Express Service</a> (IVES) process was last implemented in March 2019. </span><br />
<blockquote class="tr_bq">
<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><i>The IRS’ primary goal is to better protect taxpayer’s personal information from identity theft. </i></span></blockquote>
<span style="font-family: "arial" , "helvetica" , sans-serif;">The IRS’ primary goal is to better protect taxpayer’s personal information from identity theft. </span><span style="font-family: "arial" , "helvetica" , sans-serif;">This new transcript partially masks the <a href="https://www.experian.com/blogs/ask-experian/what-is-personally-identifiable-information/" target="_blank">Personally Identifiable Information</a> (PII) of everyone listed on the tax return. PII is information used to distinguish or trace an individual’s identity. All financial entries will remain fully visible to assist with <b>income verification. </b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">The IRS is taking this action to better protect taxpayer data. Because of <a href="https://www.irs.gov/identity-theft-fraud-scams/data-breach-information-for-taxpayers" target="_blank">data breaches</a> outside the tax system, <a href="https://www.government.nl/topics/cybercrime/forms-of-cybercrime" target="_blank">cybercriminals</a> often try to impersonate taxpayers and tax professionals. Thieves attempt to gain access to transcript data, which helps them file fraudulent tax returns or steal additional data of other individuals listed on the transcript. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Here’s what will be visible on the transcript for IVES vendors beginning in March 2019: </span><br />
<ul>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Last four digits of any <a href="https://www.irs.gov/privacy-disclosure/ssn-er-progress-on-irs-systems-forms-notices-and-letters" target="_blank">Social Security Number</a> (SSN) listed on the transcript: XXX-XX-1234 </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Last four digits of any <a href="https://www.irs.gov/businesses/small-businesses-self-employed/employer-id-numbers" target="_blank">Employer Identification Number</a> (EIN) listed on the transcript: XX-XXX1234 </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">Last four digits of any account or telephone number </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">First four characters of all names listed on a form or schedule for any individual will be visible (first three characters if the last name has only four letters). Now, you are able to see the first four characters of the first name, middle name, and last name entered.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">First four characters of a business or entity name will be visible.</span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;">First six characters of the street address, including spaces </span></li>
<li><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>All money amounts</b>- including wage and income, balance due, interest and penalties</span></li>
</ul>
<h4>
<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b>Customer File Number (CFN) and the new Form 4506-T starting September 2018 </b></span></h4>
<div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Because the full Social Security number is no longer visible, the IRS has created an entry for a Customer File Number (CFN). This is an optional 10-digit number that will be created by IVES vendors that allow us to match a transcript to a loan applicant/ taxpayer. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">The CFN field will appear on the transcript when that number is entered by IVES Vendor (like <a href="https://www.ncstrv.com/solutions/trv-services-4506t/" target="_blank">NCS</a>) on Line 5b of the new Form 4506-T, <a href="https://www.ncstrv.com/wp-content/uploads/2018/09/f4506t-9-18-REV.pdf" target="_blank">Request for Transcript of Tax Return revised September 2018</a>.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://drive.google.com/open?id=1ZowRITbPoCl1KGpyJRapEzgFOwX6onHX" target="_blank"><img alt="4506-T IRS Form March 2019" border="0" data-original-height="86" data-original-width="517" height="33" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgF9CMjvFF7MNCnmbj_odp3t2rFRDwDSkn_jLY9yuZZNXomGXqberUkNzLZorg6gybPoqfgug9CMa2Amf79umrVSwHUyiMLowqQDf4Ao8BYzMOSKuqV9rG_WXAbU_pqzFrkVWPN8GQcRuM/s200/4506T-button2019-07.png" title="" width="200" /></a> <a href="https://drive.google.com/open?id=11rY16Ga_DMKq3vkxAkuj-KYMV9dXAuUz" target="_blank"><img alt="4506-T EZ Form March 2019" border="0" data-original-height="86" data-original-width="518" height="33" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUGGkLi5go0wxs6EERQyAGSH2GjsRFanlDY_V8owk9k_Sj9Ew_yjCd-ezyTqfSL7YJfU2zAoYx2SeavOXXVpmusDAv_S6jjSTWnmC7zpcwxEKd9Q5_G6Tdd79oGMArYvomBLWlGfu2JfM/s200/4506T-button2019-08.png" title="" width="200" /></a></div>
<br /></div>
<div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">The IRS IVES Vendor will assign any number (except the taxpayer’s Social Security Number) on line 5b of the Form 4506-T. Once received by the IVES Vendor, the transcript’s CFN serves as the tracking number to match the tax return verification report to the lender that submitted the Form 4506-T to the Vendor. </span><br />
<div class="separator" style="clear: both; text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<hr />
<div class="separator" style="clear: both; text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">* <i>If you want to comment on tax forms and publications, the IRS made an </i></span><i><a href="https://www.irs.gov/forms-pubs/comment-on-tax-forms-and-publications" style="font-family: arial, helvetica, sans-serif;" target="_blank">online form</a><span style="font-family: "arial" , "helvetica" , sans-serif;"> available where you can provide feedback. </span></i></div>
</div>
<div>
<h4>
<hr />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #0b5394;"><b><br /></b></span></span></h4>
<h4>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #0b5394;"><b><a href="https://www.irs.gov/individuals/about-the-new-tax-transcript-faqs#collapseCollapsible1541449468430" target="_blank">FREQUENTLY ASKED QUESTIONS</a> </b></span></span><br /><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif; font-size: x-small; font-weight: normal;">Resource: IRS.gov</span></h4>
<span style="background-color: #eeeeee; font-family: "arial" , "helvetica" , sans-serif;"><b> Will I be able to tell if it's my information on the transcript? </b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"> Anyone with a need to know will be able to identify the person associated with the transcript. The SSN on a transcript will show the last four digits, an individual name will show the first four letters of the last name. --</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b style="background-color: #eeeeee;">My bank is requesting a transcript to verify my income, will the bank accept this new transcript?</b> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The new transcript has been socialized by the IRS with all our stakeholders, including the banking industry, that requires income verification for non-tax related purposes. Your bank should accept the new transcript to verify your income. -- </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b style="background-color: #eeeeee;">Is there a new transcript for businesses?</b> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Currently, the new transcript is only for individual transcript products. -- </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="background-color: #eeeeee; font-family: "arial" , "helvetica" , sans-serif;"><b>Will this new format affect all transcripts? </b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">All individual transcript products will be in the new format.</span><span style="font-family: arial, helvetica, sans-serif;"> </span><span style="font-family: arial, helvetica, sans-serif;">-- </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<hr />
<hr />
<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b><br /></b></span> <span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b>ABOUT J. CECIL BOWMAN</b></span><br />
<span style="color: #666666;"><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><i>J. Cecil Bowman, Senior Vice President of Government & Industry Affairs at NCS, is an expert in developing strategies for IVES vendors, lenders, and servicers to leverage the IRS processes in how income verification data is obtained from the IRS. </i></span></span><br />
<span style="color: #666666;"><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><i><br /></i></span></span> <span style="color: #666666;"><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><i>With 35 years leading many of the IRS IT initiatives as the IRS Information Technology Project Manager, he now leads NCS’ work with the IRS and the MBA to champion electronic improvements for the IRS form 4506-T.</i></span></span><br />
<span style="color: #666666;"><i><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b>Highlights:</b></span></i></span><br />
<ul>
<li><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><i>An expert on IRS systems, infrastructure, programs, and processing </i></span></li>
<li><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><i>Development and deployment of web-based, self-service applications for customers </i></span></li>
<li><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><i>IRS Income Verification Express Service (IVES) </i></span></li>
<li><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><i>Internal Revenue Manuals </i></span></li>
<li><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><i>Internal Revenue Code Section 6103 on disclosure</i></span></li>
</ul>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-38428291042264998322019-01-25T14:45:00.000-05:002019-01-28T15:57:34.580-05:00How IRS IVES Worked During the Longest Government Shutdown in History.<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small; font-weight: normal;"><i>By J. Cecil Bowman</i></span><br />
<h3>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><bold>Proactive steps that were taken to avoid delays in mortgage loan applications.</bold></span></h3>
<span style="font-family: "arial" , "helvetica" , sans-serif;">After close to 35 days, this partial government shutdown is the longest on record. This shutdown was considered partial because it affected only federal agencies that hadn't yet had their appropriations funded by Congress. But some government departments, <a href="https://www.journalofaccountancy.com/news/2018/dec/irs-operations-government-shutdown-201820331.html" target="_blank">like the IRS</a>, were able to find funding elsewhere to keep functioning.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1QDqnuclA8WAYE_R3gXg0hBJ4mj8aGLfzA96Qx3QKR3gVQTjvejj-PUCYwV8-SxRUqIJfuo9XuycCe4I_SZJ3pRbQi_nGbZin58qeWsi0FqpWoOKIBXIP4LpBP1ZyMkjEMP_NR9odpso/s1600/AS_79264314.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="407" data-original-width="1000" height="259" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1QDqnuclA8WAYE_R3gXg0hBJ4mj8aGLfzA96Qx3QKR3gVQTjvejj-PUCYwV8-SxRUqIJfuo9XuycCe4I_SZJ3pRbQi_nGbZin58qeWsi0FqpWoOKIBXIP4LpBP1ZyMkjEMP_NR9odpso/s640/AS_79264314.jpg" width="640" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><br />
<a name='more'></a><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b>The Proposal</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">From December 21 through January 7, National Credit-reporting System (NCS) partnered with key representatives of industry trade associations and <a href="https://blog.ncstrv.com/2018/05/ncs-advocacy-efforts-edge-closer-to.html" target="_blank">the IRS Income Verification Express Service (IVES) Working Group</a> members to recommend an alternative funding solution that IVES could support. Their proposal suggested that funding could be used directly from <a href="https://www.irs.gov/individuals/international-taxpayers/irs-income-verification-express-service-ives" target="_blank">the Fee for Service Users fees all IVES participants</a> pay for transcript service.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b>Advocacy Efforts</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">NCS’ long history in advocating risk mitigation initiatives with the IRS to improve system efficiency and customer service dates back to 1994. NCS continues to be influencers as members of the very first IRS Working Group (established in Q2 2018), including NCS executive <a href="https://www.linkedin.com/in/cecil-bowman-ab53104" target="_blank">Cecil Bowman</a> (NCS SVP of Government/Industry Affairs) and <a href="https://www.linkedin.com/in/curtis-r-knuth-7a94aa27" target="_blank">Curtis Knuth</a> (NCS President and CEO).</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Along with advocating efforts from American Bankers Association, the Independent Bankers Association and the National Credit Union Association (NCUA), the IRS Working Group presented to various trade associations such as Mortgage Bankers Association (MBA) and the Consumer Data Industry Association (CDIA) to actively support getting the IRS to reopen IVES during the government shutdown.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b>Presentation of Concept</b></span><br />
<div class="MsoNormal">
<span style="font-size: 12.0pt;"><span style="font-family: "arial" , "helvetica" , sans-serif;">The IRS Transcript Fee for Service could be funded entirely from the User Fees paid by IVES Participants. This concept was provided to the trade associations’ lead advocates to present to the Secretary of Treasury and the IRS. The Administration agreed to review the proposal with the <a href="https://www.whitehouse.gov/omb/">Office of Management and Budget</a> (OMB).<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12pt;">The OMB provides guidance and procedures to agencies on how </span><a href="https://www.irs.gov/irm/part1/irm_01-035-019#idm140014517657600" style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">User Fees are to be implemented</a><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12pt;"> and how the funds can be used. The bottom line: when it comes to any Agency charging a fee for a service, the cost of the fee cannot exceed the actual cost for providing the service end-to-end.</span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 12pt;"> </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b>The IRS Restarts IVES</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">After Treasury, OMB, and the IRS thoroughly reviewed the significant impact of shutting down IRS IVES processing due to lack of congressional funding, and they welcomed the proposal to utilize the User Fee reserve fund. They agreed that the funding could be transferred from the User Fee reserve fund to pay for essential IRS IVES employees to return to work. On Monday, January 7, 2019,<a href="https://www.bankrate.com/mortgages/irs-restarts-income-verification/" target="_blank"> IVES employees began to process the backlog</a> of IRS Form 4506-T requests and also opened up their fax service to receive new applications.</span><br />
<br />
<span style="color: #0b5394; font-family: "arial" , "helvetica" , sans-serif;"><b>Back on Schedule</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">In conclusion, the IRS employees in the IVES units did a tremendous job in working through a 2-week backlog and, remarkably, IVES was back to the average turn time in several days. However, this turn time could change when IRS focuses on their number one core business of processing 2018 tax returns and issuing refunds. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">A big shout out to the IRS, especially the IVES employees, for their hard work and dedication considering the circumstances. </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;">---</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;"><b>Cecil Bowman</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;"><b><br /></b></span> <span style="font-family: "arial" , "helvetica" , sans-serif; font-size: x-small;">J. Cecil Bowman, Senior Vice President of Government & Industry Affairs at NCS, is an expert in developing strategies for IVES vendors, lenders, and servicers to leverage the IRS processes in how income verification data is obtained from the IRS. He was the originating founder of the IVES concept, presenting the idea to the IRS Wage and Investment Commissioner back in Spring 2006. Bowman spearheaded IVES as Business Project Manager before its deployment on October 1, 2016- just in time for the banking meltdown of 2007-09</span><br />
<span style="font-size: x-small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">With 35 years leading many of the IRS IT initiatives as the IRS Information Technology Project Manager, he now leads NCS’ work with the IRS and the MBA to champion electronic improvements for the IRS form 4506-T.</span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">---</span><br />
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4618194314401623546.post-14260828013869430452018-08-15T01:36:00.008-04:002021-07-09T19:51:50.297-04:00Beware of Fake Employers Posing A Threat to Your Loan.<span face=""verdana" , sans-serif"><span style="font-size: small; font-weight: normal;"><i>By Curtis Knuth</i></span></span><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbVN6rDSKDNXXhbpIPf7qTIbSm6yqEdV1yhWq_1CKXd2r2jC7PkplRdIIersiEYyYZPBF7K9iXvX9XPjZA7luWeh_ltFwzHYuV1_vD5t51vwryMNtb421DCD-gvChl7S5OqCcrwYMK9MA/s2048/AdobeStock_181380868.jpeg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="1024" data-original-width="2048" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbVN6rDSKDNXXhbpIPf7qTIbSm6yqEdV1yhWq_1CKXd2r2jC7PkplRdIIersiEYyYZPBF7K9iXvX9XPjZA7luWeh_ltFwzHYuV1_vD5t51vwryMNtb421DCD-gvChl7S5OqCcrwYMK9MA/s320/AdobeStock_181380868.jpeg" width="320" /></a></div>
<h3 style="text-align: left;">Fannie Mae Encourages Lenders to Scrutinize Employer Information Within the Loan File.</h3>
<span face=""verdana" , sans-serif">If you’ve never visited <a href="https://www.fanniemae.com/singlefamily/mortgage-fraud-prevention" target="_blank">Fannie Mae’s mortgage fraud prevention page</a>, I highly encourage you to do so. You don’t need to be an underwriter or risk officer to appreciate this resource; and it’s important for vigilance throughout your lending shop.</span>
<a name='more'></a><br />
<span face=""verdana" , sans-serif">Front and center on their web page, Fannie Mae alerts lenders of <a href="https://www.fanniemae.com/content/news/mortgage-fraud-news-080218.pdf" rel="nofollow" target="_blank">10 fraudulent employers identified within Northern California in July</a>, and that's in addition to the <a href="https://www.fanniemae.com/content/news/mortgage-fraud-news-052418.pdf" rel="nofollow" target="_blank">35 found in Southern California in May</a>. Fannie attempted to re-validate the employer information supplied on suspect applications and other supporting documents, i.e. pay stubs, etc. When researching the employer for a verification of employment, several of them are listed within yellowpages.com and have other online references. They also have legitimate phone numbers and automated call centers. Most likely this falsified information is caught in QC; otherwise, the loan could have turned into an EPD (Early Payment Default) or other financially negative scenarios for the lender.</span><br />
<blockquote class="tr_bq">
<span style="color: #6fa8dc;"><span face=""verdana" , sans-serif">“<i>Prudent origination, processing, and underwriting practices should include looking for red flags in the loan documents that raise questions about the transaction.</i>”</span><br /></span><span style="color: #6fa8dc; font-size: normal;">~ Fannie Mae</span></blockquote>
<span face=""verdana" , sans-serif">Fraudsters setting up fictitious employment verification call centers and consumer employment services are not new. Additionally, organizations exist that provide fake employment services for consumers in a variety of scenarios, i.e. job history verification. Google <i>CareerExcuse.com</i> (which incidentally happens to be located in Northern California). <b>I don't recommend navigating to their website</b>, but look at the Google search description and review the YouTube results if your shop permits that activity.</span><br />
<br /><span face=""verdana" , sans-serif">In a <a href="http://america.aljazeera.com/watch/shows/the-stream/2015/3/meet-career-excuse-they-provide-fake-references-to-help-you-land-a-job.html" rel="nofollow" target="_blank">2015 <i>Al Jazeera America</i> interview</a>, <i>CareerExcuse</i>’s founder William Schmidt explains how his firm has set up over 200 virtual employers for his clients to lay claim as references.</span><br />
<span face=""verdana" , sans-serif"><br /></span> <span face=""verdana" , sans-serif">Mortgage lenders, it’s good practice in your vendor review for VOE services or in review of internal verification policies -- make certain that the procedures to validate the applicant's employer are robust. <a href="https://www.fanniemae.com/content/tool/common-red-flags.pdf" target="_blank">Look out for red flags</a> regarding the name, address and telephone number by using multiple data sources, and don't depend upon a simple Google search. In the example of the employers Fannie Mae could not validate, several of them listed legitimate addresses, had legitimate phone numbers and call attendants (I called a few) and had information on file with the Yellow Pages.</span><br />
<span face=""verdana" , sans-serif"><br /></span>
<span face=""verdana" , sans-serif">I want to plug NCS' <a href="https://www.youtube.com/watch?v=IikZEfSrMEQ&t=9s" target="_blank">VOE solution</a>, as this is a data validation point our team spent significant time researching during development and continues to refine as new schemes appear and old ones are reinvented. NCS' VOE platform retains and gathers records on fake employers and utilizes both public and paid resources to validate employer information. Rather than an ancillary function, employer validation is critical in VOE and should be scrutinized in a vendor review. </span><br />
<span face=""verdana" , sans-serif"><br /></span>
<span face=""verdana" , sans-serif">Ability to repay, or capacity, is core to the “three C’s of credit”; character, capacity, and capital. I would encourage you, or the appropriate party at your shop, to confirm you have appropriate controls around this important data validation point. Make sure your applicant's employer is legitimate</span><span face=""verdana" , sans-serif">. </span><br />
<br />Unknownnoreply@blogger.com0