EquiFax IRS Income Verification
Equifax IRS income verification service is an efficient, cost-effective way to retrieve all tax transcript forms -- 1040s to 1099s, W-2s, state income reports, and business income tax returns. The tax transcript provides a complete picture of all household income, including investment income as well as salary and wages. Equifax's integration with DocuSign makes it easier, faster, and more secure for individuals and businesses to electronically sign and submit an essential mortgage lending Internal Revenue Service’s Requests for Transcript of Tax Return form, known as the “4506-T.”
As an industry pioneer in automated 4506-T processing and the leading provider of tax transcript fulfillment nationally, Equifax has championed the use of eSignature technology on IRS forms alongside DocuSign for several years. In 2011, the IRS selected Equifax, DocuSign, and 12 lenders to test the feasibility of eSigned Form 4506-T submissions. The successful nine-month pilot helped solidify the policies and procedures that will be used in the IRS eSignature program, which launched on January 7th, 2013.