The reasons to request IRS transcripts are abundant.   Whether you lend Mortgages, Consumer or Revolving Credit you will find value in receiving tax return transcripts to re-verify or validate borrower income.

New Rules

New Rules associated with 2010 Credit Card Act require credit card issuers to consider a borrower's "ability to pay" in evaluating new credit card applications.  Tax Return Verifications is by far the most accurate method of income verification.  Recent fruad finding statistics show that 31% (the largest single catagory) of application misrepresentation comes from income information. 31% of applicants inflated or fabricated income data in some capacity. 

IRS Direct Designee

As an IRS Direct Designee, SIR is offered direct access to IRS.   You scan to us your completely excuted Form 4506-T and we return IRS transcripts to you within quickest turn time available.  Use our easy to use technology platform and order your verifications while ordering credit.  We offer a variety of transcript data including 1040, 1099 and Corporate Return.  We feature fast turn times and an easy to order platform.

Sample Form 4506-T with SIR Data in line 5 

Tax Return Verification - Lender Tips