IRS Rejecting 3rd Party 4506Ts

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We’ve got word that the IRS is rejecting some 3rd party 4506T’s due to potential ID Theft issues.  Not only that but they can take up to 10 days to process after your borrower turns them in.  This could be a real problem and you should look into it in your area right away.



  • Pingback: IRS Rejecting 3rd Party 4506Ts – Carolyn Clark – REALTOR®

  • Great show guys, at least for as much as was there. Where’s the rest?

    Matt December 29, 2015 3:56 am Reply
  • Leaving us hanging???

    Jared December 29, 2015 5:51 am Reply
  • Actually, that was a few months ago that they were rejecting all of the 4506t’s. They came out with a new form, and have been completing the requests for about a month or two now. There’s no telling if they will go back to rejecting them but as of right now, they are processing them as requested.

    Suzana December 29, 2015 6:01 am Reply
  • If I recall correctly. Wasn’t the idea of the 4506T was to reduce the fraud involved by the submission by the borrower of phony tax returns. So now the IRS wants the borrower to request “on line” a 4506T. Could not the borrower change the figures?

    Joe December 29, 2015 6:20 am Reply
  • Hey you guys were cut off – great show till Brian stopped midstream in a sentence on minorities??? what the heck?

    Bernie December 29, 2015 8:29 am Reply
  • The government is picking on all lenders stating they aren’t either closing enough minority loans or charging them a higher rate. In my 16 year LO experience, these minorities are the WORST when it comes to managing their finances. They charge up debt like crazy, then go bankrupt. It’s a way of life for them. Then they try to buy a home (oh because “God says they are entitled to owning a home” so I’ve heard so many times), and their credit scores suck. YES YOU HAVE TO PAY A HIGHER RATE!! Mortgage rates are based on credit scores for EVERYONE. Take better care of your finances and credit!!

    Kim December 29, 2015 12:22 pm Reply
  • Lets just give everyone a free home of their choice since regulators and lawyers can and will find fault with any loan. Of course the tax rate for everyone might go to 80% and no one will be able to afford utilities or food, but no one has ever said regulators or lawyers have any common sense. I am getting ready to take my grandson to dinner – which regulator do I check with to see which minority/ethnic owned restaurant I am required go to and how often? It has become a very scary world.

    Rex December 29, 2015 3:34 pm Reply
  • Ummmm…obvious answer here. Assimilate? Learn the language where you live and you might then be able to understand your loan documents. Well, post-Trid, no guarantees!

    Matt December 30, 2015 4:55 am Reply

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