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Home » Store » Taxable » The IRS Revamps Income Verification Process, Sets Fee

The IRS Revamps Income Verification Process, Sets Fee

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The Internal Revenue Service is revamping how it handles income verification requests from the financial services industry, which will go a long way in helping lenders process loan applications. Among the most pronounced changes, which take effect Oct. 2, is that the IRS will begin delivering income transcripts electronically, reported Jay Meadows, CEO of Rapid Reporting. The firm offers an industry leading anti-fraud identification and income verification application...
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