The Income Verification Express Service (IVES) program is used by mortgage lenders and others within the financial community to confirm the income of a borrower during the processing of a loan application. The IRS provides return transcript, W-2 transcript and 1099 transcript information generally within 2 business days to a third party with the consent of the taxpayer. The transcript information is delivered to a secure mailbox based on information received from a Form 4506-T. A $4.50 fee is imposed on each transcript requested. This service replaced the previous process that required manual pick-up and delivery of transcripts from the seven IRS Return and Income Verification Services (RAIVS) units located across the country.
The new service automates the delivery portion of the process. Customers must now log on to IRS.gov to retrieve their requested transcripts from a secure mailbox located on the e-Services electronic platform. The “front end” of the process remains the same. Customers will still need to fax the signed Form 4506-T, Request for Transcript of Tax Return, to the one of the five designated RAIVS units.
Effective October 1, 2007, the IVES program was expanded to include two new sites. Our Kansas City and Fresno locations are now part of the IVES program. Also as of October 1, 2007, we introduced two new products, Forms W-2 and 1099 to the IVES application.
As a result of upgrades to our e-Fax services it was necessary to change the IVES fax numbers when requesting products for those participants aligned with Andover, Cincinnati, Fresno and Ogden. The new fax numbers are:
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Andover 877-477-0582
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Cincinnati 877-477-0578
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Fresno 877-477-0576
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Kansas City 877-477-9601
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Ogden 877-477-0580
Effective February 1, 2008, the IVES program will add two additional expedited services for all participants. They are Account Transcript and Record of Account information. For each item requested the fee will be $4.50. We are pleased to offer these new services to our participants and look forward to servicing your requests.
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