Document Update: MT Acknowledgment that Real Property is Not Exempt From Execution (Cx1412)
Apr 20, 2021
Because IRS Form 4506-C may be completed and signed by someone acting as an attorney-in-fact for the borrower (see “General Instructions” to the form), we will be modifying the “Print/Type Name” section in the signature area of the form to print “power of attorney” (“POA”) names and related text for signatories who are attorneys-in-fact.
The language will appear when any of our “Borrower X Power of Attorney enabled” fields (FI 178, 198, 218, & 238) equal “Yes”. The name of the borrower associated with the attorney-in-fact will print, along with the name of the attorney-in-fact (i.e., the value of FI 182, 202, 222, or 242), as well as the verbiage mapped to our “Borrower X Power of Attorney Verbiage” fields (FI 183, 203, 223, or 243). An example of how the language may appear is as follows:
“John Doe, by Jane Doe as attorney-in-fact”
This change is being made to our standard Cx3095 and our 4506-C Corporation Tax Return, Cx17841, and will take effect on April 27, 2021. Questions or concerns about these changes should be directed towards Client Support at 1.800.497.3584.
DR 342201
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.