Form 4506-C: IVES Request for Transcript of Tax Return

Form 4506-C is generally used to authorize the release of tax return information through an applicable tax transcript request process.

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Introduction

Form 4506-C, IVES Request for Transcript of Tax Return, is generally used by authorized participants in an applicable tax transcript request process to obtain federal tax return information with the taxpayer’s consent. The form provides information used to identify the taxpayer, requested tax information, and the authorized recipient.

This guide provides general information about Form 4506-C, including who may use the form, the information commonly needed, and the basic process for completing it. The information is intended to provide a simple overview of Form 4506-C and its general purpose.

What Is Form 4506-C?

Form 4506-C is generally used to request tax return information through the Income Verification Express Service (IVES) process. The form generally provides the taxpayer’s consent for applicable tax information to be released to an authorized participant or other permitted recipient.

Form 4506-C generally includes taxpayer identification information, tax form information, requested tax periods, recipient information, and applicable authorization or consent information. The specific information required can depend on the request, taxpayer, tax forms, and circumstances involved.

Who Uses Form 4506-C?

Form 4506-C is generally used by lenders, financial institutions, mortgage companies, employers, government agencies, and other authorized participants that request tax information through an applicable transcript request process.

Taxpayers generally complete or authorize the form to provide consent for their tax information to be requested and released to an authorized recipient. The applicable requirements can depend on the requesting organization, taxpayer, type of tax information, and purpose of the request.

What Information Is Needed?

The information needed to complete Form 4506-C generally comes from the taxpayer’s tax records, previously filed tax returns, account records, and the requesting organization’s records. Accurate information can help identify the taxpayer and the tax information being requested.

Common information includes:

Taxpayer name
Social Security number or other taxpayer identification number
Employer identification number when applicable
Current address
Previous address when applicable
Tax form number
Tax periods requested
Requesting organization information
Recipient information
Applicable consent information
Signature and date
Supporting tax records

The specific information required may depend on the taxpayer, type of tax return, tax periods, requesting organization, and other applicable circumstances.

How to Fill Out/Complete Form 4506-C

Form 4506-C is generally completed by providing the taxpayer’s identifying information, identifying the tax information requested, providing applicable recipient information, completing the required consent and authorization information, and reviewing the form before submission.

The basic process is to gather the taxpayer’s information, enter the applicable identifying details, identify the tax form and requested periods, provide the requesting organization information, complete the required consent and signature information, review the form, and submit it through the applicable process. Taxpayers should retain a copy of the completed form and related records.

Section 1

Enter the taxpayer’s identifying information. This generally includes the taxpayer’s name, Social Security number or other taxpayer identification number, and other applicable identifying information.

The information should generally agree with the taxpayer’s tax records and the information associated with the requested tax return. Taxpayers should review the identifying information carefully before signing the form.

Section 2

Enter the taxpayer’s address information. This generally includes the current address and, when applicable, a previous address associated with the tax return being requested.

The address information should generally agree with the applicable tax records. Taxpayers should review current and previous address information carefully to help avoid processing problems.

Section 3

Enter the applicable tax form information. This generally identifies the type of federal tax return for which transcript information is being requested.

The tax form information should generally correspond with the taxpayer’s applicable tax records and the purpose of the request. Only applicable tax forms should generally be identified.

Section 4

Enter the tax periods being requested. This generally includes the applicable years or periods for which tax information is being requested.

The requested tax periods should generally correspond with the purpose of the request and the taxpayer’s records. Taxpayers should review the requested periods before signing the form.

Section 5

Enter applicable requesting organization information. This generally identifies the organization or authorized participant requesting the taxpayer’s tax information.

The requesting organization information should generally be accurate and complete. The taxpayer should understand which organization is requesting the applicable tax information before providing consent.

Section 6

Enter applicable recipient or third-party information. This may identify the organization or other permitted recipient that is authorized to receive the requested tax information.

The recipient information should generally be reviewed carefully to help ensure that the requested information is released to the appropriate organization or recipient.

Section 7

Complete the applicable consent and authorization information. The taxpayer generally provides consent for the release of the requested tax information through the applicable transcript request process.

The taxpayer should review the request carefully before providing consent. The information requested, tax periods, requesting organization, and recipient information should generally be understood before the form is signed.

Section 8

Complete the signature and date information. The taxpayer or other authorized person generally signs Form 4506-C when required.

The person signing the form should generally have the appropriate authority to provide the required consent. The signature and date should be reviewed before the form is submitted.

Final Review

Review Form 4506-C after completing all applicable sections. Check the taxpayer information, taxpayer identification number, current and previous addresses, tax form information, requested tax periods, requesting organization, recipient information, consent information, signature, and date.

A final review can help identify incorrect or incomplete information before Form 4506-C is submitted through the applicable process. Taxpayers should retain Form 4506-C and supporting tax records with their files.

Common Mistakes

Common Form 4506-C mistakes may include entering incorrect taxpayer information, using an incorrect taxpayer identification number, or providing an incorrect current or previous address. Errors involving the requested tax form or tax periods can also affect the request.

Other mistakes may include entering incorrect requesting organization information, providing incorrect recipient information, failing to provide required consent, using incomplete information, providing an invalid signature, or submitting the form without reviewing it. Comparing Form 4506-C with prior tax returns and taxpayer records before submission can help identify potential errors.

Related IRS Forms

Taxpayers and organizations may encounter additional federal tax forms when requesting tax records, transcripts, authorizations, or other tax information. Different forms are generally used for different types of tax record requests.

Common related forms include:

Form 4506 for requesting a copy of a previously filed tax return
Form 4506-T for requesting a transcript of a tax return or other tax information
Form 4506-T-EZ for certain individual transcript requests
Form 8821 for authorizing the release of tax information to a designated person
Form 2848 for certain powers of attorney and representative authorization
Form 1040 for individual federal income tax reporting
Form 1120 for certain corporate federal income tax reporting

The appropriate form depends on the type of tax record or information being requested and the circumstances of the taxpayer and requesting organization.

Where to File or Submit

Form 4506-C is generally submitted through the applicable tax transcript request process used by the requesting organization or authorized participant. The applicable submission process can depend on the organization making the request and the type of tax information being requested.

Taxpayers should review the request before providing consent and retain a copy of the completed Form 4506-C and related records. Organizations requesting tax information should maintain applicable documentation associated with the request.

Current IRS Form & Instructions

Organizations and taxpayers should use the applicable version of Form 4506-C and its instructions when completing a tax transcript request. Federal forms and requirements can change, so the version used should correspond with the applicable request and circumstances.

Before submitting Form 4506-C, review the form and applicable instructions and confirm that the taxpayer information, addresses, tax forms, requested periods, requesting organization, recipient information, consent, and signature are accurate. This can help reduce errors in the request.

Important Information / Disclaimer

This Form 4506-C guide is provided for general informational purposes only and is intended to provide a basic overview of Form 4506-C and common information associated with requesting federal tax transcript information. This information is not tax, legal, accounting, or financial advice, and Form 4506-C requirements can vary depending on the taxpayer, requesting organization, tax information requested, and other applicable circumstances.

Taxpayers, lenders, financial institutions, authorized participants, and other organizations are responsible for determining their applicable request, authorization, consent, privacy, filing, and recordkeeping requirements. The information on this page may not cover every situation, exception, or special rule that may apply. When appropriate, taxpayers and organizations should consider seeking assistance from a qualified tax professional, legal professional, or other qualified advisor regarding their specific tax information request or Form 4506-C requirements.