Alternative Methods for Retrieving Taxpayer Information from the IRS
By Laurie B. Kazenoff, Moritt Hock & Hamroff LLP
In its ongoing effort to protect taxpayers from identity theft, the US Internal Revenue Service announced it will stop its tax transcript faxing service on 28 June 2019 and will amend the Form 4506 series (tax return copy requests) to end third-party mailing of tax returns and transcripts in July.
Transcripts, which show detailed tax return information, have become vulnerable as criminals impersonate taxpayers or authorized third parties to file fraudulent returns for refunds. In September 2018, the IRS began “masking” personally identifiable information on the transcripts.
Individuals, after verification, can obtain transcripts online to print or download a transcript. They can also request it by mail either online or by calling 800-908-9946 or use Form 4506-T. Tax professionals can request a transcript be mailed to the taxpayer directly or delivered to the tax professional’s e-Services account via secure mailbox.
This means a tax professional who could previously call and have transcripts easily faxed to them will now have to establish an e-Services account, which requires its own verification. Due to third party restrictions (an exception being FAFSA verification, for Federal student loan applications, which stays in place), mortgage or other types of lenders, colleges, and others who previously requested transcripts to verify financial information, will now have to register with IVES (Income Verification Express Service) to gain access to this information.
Laurie B. KazenoffGGI member firm
Moritt Hock & Hamroff LLP
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Garden City (NY), New York (NY), USA
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Moritt Hock & Hamroff LLP is a fullservice commercial law firm providing a wide range of legal services to businesses, corporations and individuals worldwide. The firm has 19 practice areas and offices in Garden City, NY, and New York City, NY, USA.
Laurie B. Kazenoff, Esq. is a Partner in the New York law firm Moritt, Hock & Hamroff LLP and co-chair of the tax department. She was formerly a senior tax attorney with the Internal Revenue Service’s Office of Chief Counsel.
Published: International Taxation Newsletter, No. 11, Autumn 2019 l Photo: Viacheslav Iakobchuk - stock.adobe.com