1. 4506-T
IRS has issued a new Form 4506T without the SBA Logo The SBA logo has no effect on cost or processing time All Lenders should use the most current version published by IRS. Click here for 2017 SBA Form 4506-T Lenders are encouraged to enroll in IRS’s Income Verification Express Services (IVES). Click here for IVES enrollment procedures

2. 4506-T Delays Expired Form used IRS Cannot Read handwriting
1040 filed with primary spouse, not listed on 4506-T
Third party information not completed
Type of Transcript requested not filled out
Check boxes not completed
Requested Years not completed
Titles of Corp., LLC, Partnership signatures are not included
Not dated
#1…SENT TO WRONG FAX NUMBER !

3. IRS Title Requirements
Form Filed
Signature Requirement
Form 1065, US Return of Partnership Income:
Partner or Limited Partner
Form 1120, US Corporation Income Tax Return or
Form 1120S(small business), US Income Tax Return for an “S” Corporation:
President Vice President Secretary Treasurer Assistant Treasurer Chief Accounting Officer Any Tax Officer, including Controller 1% Shareholder (for Corporations) Shareholder (for S-Corporations)
Form 1120 LLC, US Corporation Income Tax Return, or
Form 1120S LLC, US Income Tax Return for an “S” Corporation:
Managing Member Exception: If a Form 8832, Entity Classification Election, has been filed then Signature can be: President Vice President Secretary Treasurer
LLC is for a Multi Member Partnership:
LLC is for a Multi Member Corporation:
President Vice President Secretary Treasurer Assistant Treasurer Chief Accounting Officer
Sole Proprietor:
Owner or Sole Proprietor
Form 94X series, Employment Tax Returns:
Signature is based on the actual Filing Requirement of the requestor (example: Filing Requirement is for Form 1120 you would use the 1120 signature requirements.)
For Estates using Form 1041,US Income Tax for Estates and Trusts:
Executor/Executrix Administrator/Personal Representative Trustee Heir at law Next of kin Beneficiary
For Trusts using Form 1041,US Income Tax for Estates and Trusts:
Trustee or Beneficiary
Form 1040, US Individual Income Tax Return:
The taxpayer (individual return) The taxpayer named on either Line 1 or Line 2 of your request (joint return).
SSN W-2, Form 1099:
The taxpayer who received the wages
EIN W-2:
Officer of organization Authorized delegate
Dissolved Corporations:
President Vice President Secretary Treasurer