. this basically means they (the credit card issuer) are having trouble verify with a certain degree of accuracy the income being stated against their sources of data to validate th. Express and Discover do it and how you may trigger them to do this. A couple of Sundays ago, I went for it again just for S&G expecting another denial. Also, lenders or vendors using Form 4506-C can expect to see a 30-40% rejection rate, and to add to the headache, this often occurs. IVES Request for Transcript of Tax Return. I was approved for a $6500 SL now I'm received this request. Learn More about the New 4506-C Form. This letter is available after June 15 for the current tax year or anytime for the prior three tax years using Get Transcript Online. IMHO, call the AMEX backdoor number, can be found on myFICO forums/ DoC. . Forms with missing signatures or required signatures’ information will be rejected. Line 2b: Enter your spouse’s Social Security number, if you filed a joint return. Go to the e-autograph tool to e-sign the template. My current credit line is $50k and no further review has ever been requested. NFL NBA Megan Anderson Atlanta Hawks Los Angeles Lakers Boston Celtics Arsenal F. So hoping to get some suggestions on a game plan for increases + new accounts. Other Items You May Find Useful. Should you have any questions, or any information on your 4506-T is incorrect, please contact Discover at 1-800-203-4969 before submitting. If they don’t, still got your answer 😀. This differs from Form 4506-T, which provides a line-by-line report of the tax transcript. IRS Form 4506-C can be used to obtain transcripts for up to four years or tax periods but only one tax form number can be requested per each IRS Form 4506-C. Be a US citizen or permanent resident. I cannot say I've ever seen income verification for secured card. Form 4506-C questions. May have been triggered by not using the card much the last 6. Abstract: Internal Revenue Code section 7513 allows taxpayers to request a copy of a tax return or related products. There does not really appear to be. Discover It card. The 4506-C hold doesn't reverse your approval for the card; it just prevents you from actually using the card until the hold is lifted. @pursuetriumphcelebrate wrote: Morning, 13th statement closed a couple days ago. He said he did. On the application I indicated 53k income (I personally earn more), transcript for last 2 years tax returned filed is north. JigglyJello1 • 7 mo. SL was $800 and now sits at $20. OMB Number 1545-1872. of the corporation may submit a Form 4506 but must provide documentation to support the requester's right to receive the information. It allows the financial institution or credit issuer to look into your IRS tax returns. However now I cannot activate my card until I sign this 4506-C "IVES Request for Transcript of Tax Return" document and supply Discover with 3 months of bank statements. We appreciate your cooperation with helping keep your Discover account secure. I am still fairly new to credit cards and in the process of building credit for the very first time. The percentage could be 5-10% to account for guesses or bonuses etc. When bank statements get involved, yeah, that has to be reviewed by a human but that would also explain why Disco was totally unwilling to go that route until IRS delays from the pandemic forced their hands. *NCS will continue to annotate the 4506-C Form for our clients through September 30, 2022. So, listing your annual income is a requirement on every credit card application. I call Discover again and asked what I should do. Make these quick steps to change the PDF 4506 c form online for free: Sign up and log in to your account. . gov – Get a Transcript. Types of income to include. Real-time status updates. " Primary Card - Amex Green. About 8 or 9 days have passed by and I get an email one morning with Equifax Verification Services at the top asking me to put my signature on an IRS consent for form for the 4506-C and then. For more information about Form. of the corporation may submit a Form 4506 but must provide documentation to support the requester's right to receive the information. Related forms. For more information about Form 4506-C. . SCEflyer. A 4506-T form does not verify your address. 4506-C (9-2020) Form . Form 4506, Form 4506-T and Form 4506T-EZ will be posted on that page. (Forms 4506-T and 4506T-EZ are used by taxpayers to request a transcript of tax return. I think it started around the first of September. After mailing the form, it can take up to 75 days to get a copy of your return – and it costs you $50 per return. I believed this is because I change my income after hitting the love button last. Even though I have bought and sold over 1. This thread is archived. You just need to confirm your identity by inputting your Social Security number (SSN) and you’ll find out whether your Discover credit card application is approved, denied or pending. It all comes down to Discover’s determination of your. So I'm curious has Discovery ever request anybody elese's tax documents. Hold placed on my account until I give consent. If lenders wish to request the actual tax return, they will need to use IRS form 4506. Too many people are now being asked for tax return request (4506-C). Some lenders may submit the Form 4506-C to the IRS to document borrower income, but the intent ofDear Customer, 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. I don't recommend the card anymore just because of this common request. (Forms 4506-T and 4506T-EZ are used by taxpayers to request a transcript of tax return. . ) Note: An alternate form or process is also acceptable if it authorizes the. 5k. I have no debt (paid off all baddies) and currently have a $1000 limit Open Sky S. A 4506-T form does not verify your address. I'm a business owner - so I use my cards constantly for points and cash back but usually rarely cary a ballance. Yes, credit cards do check your income when you apply. No. What is a Form 4506-C? Form 4506-C is an Internal Revenue Service (IRS) document that is used to retrieve past tax returns, W-2, and 1099 transcripts that are on file with the IRS. • View community ranking In the Top 1% of largest communities on Reddit Discover is demanding IRS Consent Form 4506-C Well I just got the dreaded request from Discover. 10-2022) Form 4506-C (October 2022) Department of the Treasury - Internal Revenue Service. I've been with them for 3 months, and just now I got an email from them requesting a 4506-C form, supposedly to verify my account, and that my credit card has been put on hold. Message 7 of 10. Fannie Mae requires lenders to have each borrower whose income (regardless of income source) is used to qualify for the loan to complete and sign a separate IRS Form 4506-C at or before closing. 4506-C (September 2020) Department of the Treasury - Internal Revenue Service. The IRS provides tax records to a third party only with the consent of the taxpayer. SBA Procedural Notice 5000-829416, “Revisions to SOP 50 10 . I'm fine with supplying the bank statements, the problem is that I have never filed taxes because the. I've been with them for 3 months, and just now I got an email from them requesting a 4506-C form, supposedly to verify my account, and that my credit card has been put on hold. For example, it is necessary to complete two IRS Form 4506-Cs for a self-employed borrower whose income documentation includes both two years of personal tax returns and two. Why did we go to this pay system?Discover Card requesting Income Verification Form (IRS consent form 4506-C) what happens next? I recently submitted an Income Verification Form 4506-C that Discover requested after one(1) 3-day late payment on my account which is now over 2 years old but has a high utilization rate ($5900 of my $6000 limit). A 4506-C is used through an authorized third party participant in the IRS Income Verification Express Service (IVES). Message 29 of 39 0. . Except as permitted in this paragraph, a creditor may not request any information concerning the spouse or former spouse of an applicant. I don’t understand why they would want that on a secured card of all things. I called them and asked if I can provide any other documentation and it was a hard no. I applied for an Amex plat 3 weeks ago. Fast, electronic processing of Form 4506-C. Sorry to hear that nonsense from Discover. The much more intensive use of Form 4506-T also is focusing new light on what consumers should -- and shouldn’t -- do when confronted with a lender’s or settlement agent’s request that they. ” (84 FR 35709 [2019]) Written comments on the new form were required to be received by the IRS on or before September 23, 2019. ) Note: An alternate form or process is also acceptable if it authorizes the. 1 Per the Taxpayer First Act, a "qualified disclosure" means a disclosure under section 6103(c) of the Internal Revenue Code of 1986 of returns or return information by the IRS to a person seeking to verify the income or creditworthiness of a taxpayer who is a borrower in the processby brameshk22. 1. When tax return transcripts must be requested from the IRS Fannie Mae’s requirements for obtaining a signed Form 4506-C from the borrower at or before closing, and submitting the signed Form 4506-C to the IRS to obtain tax return transcripts in post-closing QC, have some exceptions. Lenders have been using some version of the IRS Form 4506 since its implementation in 1988. Password based signatures should be used in conjunction with PKI, signature stamps, electronic seals as well as simple click-wrap. If they're asking for it now they'll be asking for it if you reapply in 90 days. The problem is I’ve made basically no money the past 2-3 years but this year my income is significantly higher. Previously, IRS Form 4506-T was used for this purpose; however, effective May 1, 2021, only Form 4506-C will be accepted through IVES to provide tax transcripts to third parties. So you just got to keep calling and asking until one of Discover's phone rep allows you to do this. Received 4506-C email request. Signatures are required for any taxpayer listed. Surprisingly, they offered a $7k CLI. A lot of people get their account closed with Discover even after they agreed to submit it. . 4506-C (October 2022) Department of the Treasury - Internal Revenue Service. ~Never unsecured. At this time, a temporary hold is being placed on your Discover Card. Taxpayers using a tax year beginning in one calendar year and ending in the following year (fiscal tax year) must file Form 4506-T to request a return transcript. A few days later, and I get the 4506-T email. When Amex requested my tax transcript several years ago, it was when my credit line was requested to exceed $35,000. The IRS Form 4506-C is a Request for Copy of Tax Return form that can be used to request copies of a taxpayer’s tax returns. That’s quite unfortunate. Future Developments For the latest What Lenders Need to Know About the New IRS 4506-C Form Process. Discover definitely needs to be called out on this. The December Selling Guide update will. No late payments, always paid in full. 10-2022) Form . “Those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one. . The IRS IVES Request for Transcript of Tax Return (IRS Form 4506-C) gives the lender permission from the borrower to obtain tax transcripts from the IRS. 5 bathrooms. A 4506-T is often a requirement for loans to comply with Fannie Mae/Freddie Mac rules, meaning they can be sold to these major purchasers of mortgages only with the required form. Cash Back and SUBs earned as of 5/1/22- $14277. The form contains bold notes for those requesting the transcript not to sign unless all applicable lines are filled, and that the form. Your Discover it® Secured Credit Card may graduate to unsecured as soon as seven months (7th billing cycle) after account opening, assuming you pay your monthly bills on time and otherwise manage your finances responsibly. Form 4506: A tax form distributed by the Internal Revenue Service (IRS) and used to a request a copy of a previously filed tax return. You can even start the process online! 2. I then received a letter asking me to provide a 4506-C, which authorizes Amex to take a look at my tax returns. Find how to review a request and authorize or reject it. I was mortified. The December Selling Guide update will include. Line 1a: Enter your name as it's shown on your tax returns. 4506-C (9-2020) Form . I recently applied for an Amex card with an elevated SUB, but the application went pending. I called Discover (who were unnecessarily rude) and they told me the form hasn’t even been accepted by the IRS yet, and that it would be 2-3 days after it was accepted before. The answer is no, you don’t have to. You need verifiable income. Re: Discover 4506-C Request 3 years in. Discover began demanding IRS form 4506 in 2019 to many new applicants and current customers. 6 Financial Information Verification Procedures to Allow for the Use of IRS Forms 4506-C or 8821 for 7(a) and 504 Loans”. Received an email from Disco asking me to sign consent for IRS 4506-C form. For more information about Form 4506-C. Previously, IRS Form 4506-T was used for this purpose; however, effective May 1, 2021, only Form 4506-C will be accepted through IVES to provide tax transcripts to third parties. Discover it cashback: $10900. Future Developments For the latestWhat Lenders Need to Know About the New IRS 4506-C Form Process. The 4506-T form says: “The IRS can provide a transcript that includes data from these information returns. The IRS provides return transcript, W-2 transcript, and 1099 transcript information generally within approximately 2-3 business. If for any reason you are unable to complete the consent form, please contact us directly at 800-203-4969, or call the phone number on the back of your card. 1. 4506-C Income Verification Features & Benefits: Accelerated Processing Time: Veri-Tax audits 100% of orders at multiple check-points, reducing IRS rejections by 29%. Re: 4506-C request. Nearby recently sold homes. Re: Random Discover 4506-C Request. Television. American Express and Discover are the two main credit issuers who routinely request Form 4506-T to verify your. The worst part is it seems they have a tendency to close accounts without any disclosure, even if you send them the form. If a 1040 and 1099 are ordered on the same 4506C, the 1099 transcript will include W2. BINs/IINs from 450631 to 450640 (Types of credit cards and debit cards) 450631 is a Visa credit card issued by Banca Jover, S. I would call them as say to them what you are telling us. This form is typically used when a taxpayer needs to provide their tax information to a lender or other third party for a loan application or other purpose. IRS Consent Form 4506-C to Sign Discover. The first section of the form requires your name, address, Social Security Number, and date of birth. Re: Discover account closed. then after 3-4 days, got hit with the IRS 4506-C form… With two online options, IVES participants can choose an avenue that works best for their company model. For more information about Form 4506-C. It's nothing personal; Discover these days is basically requiring everyone (including longtime cardholders of many years) to go through the 4506-C process. Re: DISCOVER Form 4506-T/4506-C. I called and told them I got a significant raise this year and it wouldn't match my income from my returns. A couple of Sundays ago, I went for it again just for S&G expecting another denial. Attention! The character The Credit Crusader" is a work of fiction. . 4506-C (6-2019) Form . Request may be rejected if the form is incomplete or illegible. , via recon + HUCA) for this card without submitting the 4506-C, or should I just give up on this. Even though I have bought and sold over 10 cars in the. Hey all! Sorry if this has been asked or talked about. Discover asking me for 4506-C form Greetings everyone! I'm 18 and I have a credit card with Discover. This means mortgage lenders will need to have borrowers sign Form 4506-C to give permission for obtaining their tax transcripts. @Obscure-Expert wrote: It's a simple process. No big deal, I signed it. Discover IRS Form 4506-C. That’s good news for lenders, but the new process does come with. If they're asking for it now they'll be asking for it if you reapply in 90 days. e. Do not sign this form unless all applicable lines have been completed. 4506 Summit St is a townhouse currently priced at $1,100,000, which is 4. The IRS IVES Request for Transcript of Tax Return (IRS Form 4506-C) gives the lender permission from the borrower to obtain tax transcripts from the IRS. Amex application asking for 4506-t. Most lenders use the form to verify the self-reported income portion of your application to your tax return. In effort to protect taxpayer information, a policy change was implemented for the Form 4506 series which no longer permits the mailing of tax returns to third parties. 3. The tax transcript contains information from a variety of. Equifax automates the 4506-T process, its very easy to look at income on 4506-T and income reported to Disco and act accordingly. The 4506 - T form says: “The IRS. Fannie Mae requires lenders to have each borrower whose income (regardless of income source) is used to qualify for the loan to complete and sign a separate IRS Form 4506-C at or. SL was $800 and now sits at $20. Although lenders. After activating the card, I got an email saying I had to fill out the IRS Consent Form 4506-C. 4506-t form pdf 4506-t form sba irs 4506-t form online 4506-c form form 4506 how to fill out form 4506-t irs form 4506-t verification of non-filing irs transcript phone number. The 4506-C is the formal authorization that allows lenders to request tax transcripts from the IRS through a 3rd party firm such as a credit reporting firm (lenders are not allowed to request transcripts. Unsecured alright. The team is available Monday through Friday, from 8:00AM-9:00PM Eastern Time, and Saturday 8:00AM-4:30PM Eastern Time. Do whatever you want with a Form 4506-C (Rev. Started at $200, increased to $1500. I recently went through this tax return junk with buying a newish car, put 40% down, and didn't want to pay in full because money was still cheap and the market was doing too good use those funds for buying a depreciating asset. 15. If that becomes the case, then after some months of responsible use, they will covert it to a full fledged card. She makes over 150k a year off tips from bartending in the city but her actual salary is tiny in comparison. I recently went through this tax return junk with buying a newish car, put 40% down, and didn't want to pay in full because money was still cheap and the market was doing too good use those funds for buying a depreciating asset. A little bit of background: 32 yea. There are multiple threads on the myfico forums of people being required by discover to provide 4506-T or have their accounts shut down. ” (84 FR 35709 [2019]) Written comments on the new form were required to be received by the IRS on or before September 23, 2019. MAJOR Discover Change - NIGHTMARE ! So, applied for Discover 1 month ago -- after sending in the ridiculous 4506-T form via email, I waited three more weeks to "verify my idenidty" via this form. For more information about Form 4506-C. Request may be rejected if the form is incomplete or illegible. @NRB525 not sure if you missed this, but apparently EQ is handling the 4506-t for discover for whatever reason. I suppose it is their sandbox and they can ask for whatever they would like and one has two options. Use Fill to complete blank online IRS pdf forms for free. 4506-C (September 2020) Department of the Treasury - Internal Revenue Service. The IRS Form 4506-C is a Request for Copy of Tax Return form that can be used to request copies of a taxpayer’s tax returns. Some other card issues also no verify with the SSA. What no one knows yet is what triggers it but it is not your address. My choice is to upload the bank statements notary and fill out the IRS form 4506-C or the account gets closed and it looks bad on my credit. Never late, never over the limit, moderate usage etc. Why is discover asking for 4506-c? It allows the financial institution or credit issuer to look into your IRS tax returns. What is IRS Form 4506-T. In short, Form 4506-C is also known as Request for Transcript of Tax Return. Why did just ask charge me 33 dollars it was supposed to be 2 in which they charged as well Tax Professional: Rick , replied 1 month ago 4506C is free - I am still not clear on the charge concerns - it sounds like a Discover credit card matter vs. A. . . Do not sign this form unless all applicable lines have been completed. Start completing the fillable fields and carefully type in required information. in Spain. You should receive a separate communication from Discover. Fannie Mae requires lenders to have each borrower whose income (regardless of income source) is used to qualify for the loan to complete and sign a separate IRS Form 4506-C at or before. Request may be rejected if the form is incomplete or illegible. After I read the instructions, since 2019 IRS is not sending transcripts to third parties (Barclays in this case). Partnerships. Thanks for expanding on that and the update @GApeachy You're correct, the OP had a 4506-T instance with Discover and they had questions about applying for the JetBlue card about a year or so ago. Hello – Does Citi generally make a lot of requests for 4506-T when requesting a CLI? Wells Fargo did earlier this year for me (but changed their mind for some reason), and AmEx did when I applied recently -- but that was expected because of my history with them. That is a NO for me dawg. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. I currently have a Disocver IT card (cash back). 4506-C Again. I was approved for the Secured Discover and i put $500 down for it, they got the money and opened the account, havent received card yet even though sais it on the way. Benefits: Secure, online taxpayer authorization. The strange thing is that I've had the Disco card for over 3 years and have not provided any income to them since the day I opened the account, nor have I. Hi guys, I've recently looked in to check on my credit scores after not having a credit card for maybe 8 years. Do not sign this form unless all applicable lines have been completed. To fill out the form, you will need to provide basic information about. The lender will compare the income. I just wanted to share my experience in case others run into this! A little background, I have been dealing with instances of identity theft for the past 10 years. Share your stories, photos, and experiences with fellow members and discover the diverse culture and natural beauty that BC has to offer. A. 10-2022) Form . Good thing I kept at it and kept asking to get to another level of supervisor. In fact, beginning in Summer 2019, Discover started sending out an IRS Consent Form 4506-T to people who requested new credit products, credit limit increases, unusual purchase activity, and high credit limits. I was advised not to worry about any income discepancies, as they wre just using the form for ID purposes. Most lenders use the form to verify the self-reported income portion of your application to your tax return. Re: Amex requesting Form 4506-T, Request for Transcript of Tax Return. Recently I checked Discover's page and was pre-qualified for the Discover It card so I went ahead and applied. Generally, Form 4506 can be signed by any person who was a member of the partnership during any part of the tax period requested on line 7. 14. The unspoken rule is that if they (Discover) can do it once, they sure can do it again (ask for consent to access your tax transcripts). OMB Number 1545-1872. The document gives permission for a third party to retrieve the tax payer’s data. No way to know what caused it. if you can get them and give them to the mortgage company it will speed up the process. The IRS IVES Request for Transcript of Tax Return (IRS Form 4506-C) gives the lender permission from the borrower to obtain tax transcripts from the IRS. That said, since increasing your line of credit does require the bank to verify that you. You can request a transcript online, by phone, or by mail. Complete the form. Honestly, Discover would do better to just deny the app outright than ask for tax returns on a SCC. However, my total available credit is about to take a hit from $49,000 to 29,500. Transcript requests being rejected by the IRS with a Code 10 indicating that Due to Limitations, the IRS is unable to process this request; Transcript being rejected because of missing, incomplete, illegible, or altered information on the Form 4506-C (codes 1-9); or. American Express and Discover are the two main credit issuers who routinely request Form 4506-T to verify your income. For all loans reviewed through the random selection process. Request may be rejected if the form is incomplete or illegible. ~Never unsecured. Note: This form must be received by IRS within 120 days of the signature date. I had to submit one for my recent mortgage because I have a side business listed as a sole proprietor with business income & debt. Philadelphia 76ers Premier League UFC. It helps us quickly confirm your income. After activating the card, I got an email saying I had to fill out the IRS Consent Form 4506-C. Hi , and sorry for this:smileysad: When it happened to me a while back, they had accepted bank statements as the IRS was shut down. So was recently approved for a Discover It and today discover is asking for the last 2 years of my taxes. Most lenders use the form to verify the self-reported income portion of your application to your tax return. And reports suggest it is a Discover issue, just google "Discover IRS 4506" and there's plenty posts on reddit and elsewhere. Typically though they will only accept IRS tax transcripts. Morning, 13th statement closed a couple days ago. Regarding the effect on your credit, if the account is closed by you or Discover Card, you can submit an explanation to the credit reporting agencies regarding the closure. g. Most lenders use the form to verify the self-reported income portion of your application to your tax return. Forms with missing. In any case, this may be IRS Consent Form 4506-C. 4506-C. The IRS had initially set a deadline of March 1, 2022 to conform to their new 4506-C clean form requirements, but they’ve recently extended the cutoff date to October 1, 2022. The form is used by lenders to obtain a copy of a. Partnerships. It sounds strange to me because this may i was approved by discover for all 3 cards and they didnt ask me for anything, nada. State or local information is not included with the Form W-2 information. For all loans reviewed through the random selection process. So my boyfriend apped for his first Amex Card, the BCE. 5K CL. IRS Income Verification Express Service (IVES) participants (revision 10/31/22). IRS 4506-C Request. 4506-C (October 2022) Department of the Treasury - Internal Revenue Service. Unlike the federal tax credit or manufacturer EV rebates, the CVRP is an after-purchase discount that's available to those who meet certain eligibility criteria. Recently I checked Discover's page and was pre-qualified for the Discover It card so I went ahead and applied. Discover has immediately gone from a company that I advocated for, valued and enjoyed being a customer of to a company that I despise and will never do business. So back on October 1st 2021 i apply for Gold amex card with a credit score of 674/690/704 (EX_704) and 12 inquiry EX and Transunion and EQ was 14. Homeowners may apply for up to $200,000 ($500,000 for Disasters declared. I was wondering if anyone had an idea of how long it took them to have their form accepted by Discover. My fiance unfortunately lost / never kept his 2018 tax returns. , ~Haven't falsified income but if I submit to this request it needs to be for a new account, didn't feel secured was worth it. As to manage risk, some issuers request income verification, and if you search this sub you’ll see others with similar experiences and/or people that received requests to submit the IRS 4506-T/C tax forms to allow sharing of ones tax returns. Do not sign this form unless all applicable lines have been completed. You . The problem is I’ve made basically no money the past 2-3 years but this year my income is significantly higher. Hello all, Card member for over a year and it has been wonderful, no hiccups, generous CLI’s and everything is perfect, today, I got slapped with this form. On March 9, 2022, SBA issued . Bring the following documents to the notary: °Government issued photo ID, Passport, or Visa °Most recent 3 months of bank statements from your financial banking. Total CL - $567,100. The builders lender is asking for a 4506-c from me as part of my disclosures, I guess I've gotten to that point in time where I don't really feel comfortable releasing all of my tax info lol, does anyone know if that's standard practice across all banks or if that's just their personal choice (DHI mortgage). As an addendum to my post above saying if one of my FIs asked for a 4506-C I'd close the account; if the same FI was to ask for the HR link to. I called them and they said they wanted a 4506-C to verify my income. They sent me another email today saying to call again to the Customer service protection line and they said they are doing this with old and new accounts accross the board, they just want to veryfy the. It might be the time to move on from Discover, if it would be too much hassle to provide such documents. Do not sign this form unless all applicable lines have been completed. No paper. I was pretty happy because I'd been shut down for so long. NFCU Cashrewards $20,500 ~ NFCU LOC $15,000 ~ Chase Southwest $9,800 ~ Discover IT $500 ~ Hilton Honor Amex. I've seen 5 or so Disco+4506 threads lately and it makes me wonder if someone made a glitch in the coding on the backend systems causing all of these profiles to get flagged for no. We have jumped through many hoops attempting to obtain the transcript from the IRS. He apped for a Chase Card and Discover and was approved. Discover 4506-t review . Never late, never over the limit, moderate usage etc. I think i'll give them a year or two before requesting anything else from them depending on the outcome of this. Today I went to make a purchase and my card was declined. I've been with them for 3 months, and just now I got an email from them requesting a 4506-C form, supposedly to verify my account, and that my credit card has been put on hold. I applied for a Discover card last week and was accepted. As far as income, different states treat "household" income differently, having said that, as long as it is income available to yo. ó. Why did we go to this pay system? Discover Card requesting Income Verification Form (IRS consent form 4506-C) what happens next? I recently submitted an Income Verification Form 4506-C that Discover requested after one(1) 3-day late payment on my account which is now over 2 years old but has a high utilization rate ($5900 of my $6000 limit). American Express and Discover are the two main credit issuers who routinely request. @rare_tea5155. Use Form 4506-T to request tax return information. Discover requested 2 years of tax returns using Equifax as a partner via 4506-c form for a $500 limit SECURED credit card. That’s good news for lenders, but the new process. Try Capital One. January 18, 2022 -- NCS have deployed the new IRS requirements. SOLD JUN 1, 2023. Ask Poli AskPoli. Form 4506-C Frequently Asked Questions. If name changed, should sign current name and former name.