The IRS sent out Form 4506-C 10/2022 Version Reminder which states “Effective March 1, 2023, prior versions will only be accepted if signed and dated by the taxpayer by Feb 28, 2023. Form 4506-C signed on March 1, 2023, or after must use the Form 4506-C revision 10-2022.”
New Global Mapping
“Print IRS Form 4506-C Clean Version Indicator” (FI 156841) will be globally standard value mapped to “Yes” for all loans when Today’s Date (FI 15408) is on or after March 1, 2023. This will trigger the updated October 2022 versions of content for any documents that utilize this indicator, including those listed below as previously announced.
Many clients send FI 156841 or have a custom standard value mapping to set the indicator to “Yes” already. Those values will continue to be applied. Note both September 2020 and October 2022 versions of the 4506-C contain the same expiration text, “This form must be received by IRS within 120 days of the signature date.”
Document Title Update
In addition, the document titles of these forms have been updated to remove the “4506-T” label and better reflect the current title of the 4506-C:
- 4506-C IVES Request for Transcript of Tax Return (Cx3095)
- 4506-C IVES Request for Transcript of Tax Return Per 1003 (Cx10144)
- Additional 4506-C IVES Request for Transcript of Tax Return (Cx18927)
- Per Tax Return 4506-C IVES Request for Transcript of Tax Return (Cx18947)
- Corporation 4506-C IVES Request for Transcript of Tax Return (Cx17841)
Custom Document Update Reminder
If you use a custom copy of IRS Form 4506-C that has not been updated to support the October 2022 version, please contact your Client Relationship Manager directly or contact our Client Support Team at 1.800.497.3584.
Effective Dates
The document name changes will go out immediately since they apply to both versions of the form. The mapping change will be in effect on March 1, 2023. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
DR-140293
T3S-6335
Update: Our Additional 4506-C IVES Request for Transcript of Tax Return (Cx18927) has been updated to include new EIN fields for use in section 1b. “First taxpayer identification number”. New fields were created for the series “4506T Borrower {x} Additional Return {y} Taxpayer EIN” that allows for up to 4 Borrowers with up to 6 Additional Return taxpayer EINs. If the new EIN fields are populated they will be used in section 1b; if the new fields are not populated the existing fields and logic will continue to print.
DR-140440