If the ConformX fields used to populate the “Year or period requested” sections of IRS Forms 4506-T and 4506 (Request for Transcript/Copy of Tax Return) are not set, the first two dates default to the last day of the previous two calendar years. Currently, these two date fields are defaulted to 12/31/2018 and 12/31/2017.
Although the federal income tax return filing deadline was postponed from April 15, 2020 to July 15, 2020, this postponement was announced in late March and it’s likely that many borrowers have already filed for 2019. Therefore, we will be modifying the following:
- “Requested Tax Return 1 End Date” (field 30389) will be updated to default to 12/31/2019.
and
- “Requested Tax Return 2 End Date” (field 30390) will be updated to default to 12/31/2018.
This means the 2019 transcript will be requested by default, even if not yet available. These global mapping updates will not modify any custom values set for these fields for specific clients and will not override any imported values.
These changes are currently available for testing on ConformX Stage servers and will take effect on Production May 9, 2020. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
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