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#2233913 - 03/30/20 05:40 PM 4506T - government not processing
Truffle Royale Offline

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FHMA requires tax transcripts at or prior to closing but they're not processing them now.
We can pull them within 120 days of closing (after)
If we opt to take the risk of waiving them prior to closing and getting them after, can we still leave the cost on the CD?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2233916 - 03/30/20 05:56 PM Re: 4506T - government not processing Truffle Royale
rlcarey Online
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rlcarey
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Posts: 83,227
Galveston, TX
I was not aware that was suspended, as those are provided through automated systems, are they not?

But if you are charging the borrower at closing for the service, then yes you would have to disclose it.
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#2233917 - 03/30/20 06:10 PM Re: 4506T - government not processing Truffle Royale
Truffle Royale Offline

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Per our provider, IRS has stopped sending both receipts and the actual transcripts with no explanation to date.

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#2233970 - 03/31/20 03:24 PM Re: 4506T - government not processing Truffle Royale
BSAguy Offline
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Joined: Aug 2007
Posts: 298
Kansas
We just received an email from a vendor stating that the IRS has stopped processing 4506-T orders.

Attention: The IRS is no longer accepting new 4506-T requests for tax returns

Effective immediately, all 4506-T orders received will not be processed by the IRS as it adjusts to the impact of state and local shelter in place orders issued due to the COVID-19 outbreak. Please know all 4506-T requests received will be temporarily held in a queue until the IRS lifts the suspension.

Temporarily, and at your discretion, you can advise your borrowers to download their tax transcripts and submit them directly to you. Simply send them to https://www.irs.gov/individuals/get-transcript and ask them to follow the online request instructions.

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#2234273 - 04/06/20 12:57 PM Re: 4506T - government not processing Truffle Royale
Retired DQ Offline
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Turnpike Exit 10
Hi, is there an IRS link to the above release???
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#2234277 - 04/06/20 01:28 PM Re: 4506T - government not processing Truffle Royale
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
I have not seen anything official from the IRS
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2234278 - 04/06/20 01:41 PM Re: 4506T - government not processing Truffle Royale
Retired DQ Offline
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Turnpike Exit 10
Me either. smile
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Get your facts first, then you can distort them as you please. - Mark Twain

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#2234284 - 04/06/20 02:30 PM Re: 4506T - government not processing BSAguy
Retired DQ Offline
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Turnpike Exit 10
Originally Posted by BSAguy
We just received an email from a vendor stating that the IRS has stopped processing 4506-T orders.

Attention: The IRS is no longer accepting new 4506-T requests for tax returns

Effective immediately, all 4506-T orders received will not be processed by the IRS as it adjusts to the impact of state and local shelter in place orders issued due to the COVID-19 outbreak. Please know all 4506-T requests received will be temporarily held in a queue until the IRS lifts the suspension.

Temporarily, and at your discretion, you can advise your borrowers to download their tax transcripts and submit them directly to you. Simply send them to https://www.irs.gov/individuals/get-transcript and ask them to follow the online request instructions.

I think that this is a hoax, I can only find it on Facebook, which is not a source of reliability.
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Get your facts first, then you can distort them as you please. - Mark Twain

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#2234289 - 04/06/20 02:56 PM Re: 4506T - government not processing Truffle Royale
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
I would be checking with your vendor then. BSAguy above indicated that is where they received word from. Your vendor should know if any requests are being processed.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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