Formulario 4506-T

IRS Form 4506-T is a transcript of your tax return for a given year. It’s not to be confused with Form 4506, which is a copy of your tax return and differs in some key ways discussed below.

One common situation where you may have to fill out one of these forms is when you apply for a loan, especially a mortgage. You’ll most likely have to fill out an IRS Form 4506-T (though in some cases lenders may require the 4506). The 4506-T allows lenders to access your financial records from the past few years to verify your income with the IRS.

In addition to helping you with a loan application, Form 4506-T can help you gain access to your own tax information when you need to fill out an accurate return or provide information to the IRS.

¿Para qué usaría yo el Formulario 4506-T?

As mentioned above, IRS Form 4506-T is used to access financial records for either yourself or to send to a third party. The “T” in 4506-T stands for transcript, and the report will include a line-by-line printout of the information you included on past tax returns. You will only be able to gain access to tax documentation from the current year up to three years prior—to gain access to older records, you must use Form 4506.

Obtaining a Form 4506-T is free of charge and will usually arrive by mail in 3 weeks, while filing a Form 4506 costs $50 and may take up to 75 days to be delivered. You can also use Form 4506-T to verify with the IRS that you did not file a tax return in a given year, or request transcript information from the W-2 form, Form 1098, Form 1099 and Form 5498.

Form 4506-T & Mortgages

Lenders sometimes request Form 4506-T as a way to verify the income you’ve stated on your loan application. They want to be sure that you’re able to repay the amount you intend to borrow, and along with factors like your credit score, your yearly income is important to determine your ability to repay. Tax transcript verification reports are a way for them to determine that.

Most commonly, those who are self-employed or work odd jobs (ones that don’t issue W-2 forms) are asked by lenders to present a 4506-T. In these cases, self-reported income may not be as reliable from the lender’s point of view.

  • Nota: Some lenders may require that you provide Form 4506, which is a copy of your tax return, rather than a transcript. This is less common, but still can occur. If your lender does require this form, be sure that you specify their name on line 5 of Form 4506. Failing to do so could be an information security risk.

Many borrowers, especially those whose jobs do issue W-2 forms, do not have to worry about filling out either a 4506-T or 4506 form. If you are required to fill out a form though, don’t worry. It won’t count against your chances of getting the loan unless you lied about your stated income.

Remember that because the 4506-T is a transcript of your tax return, it contains sensitive information about your finances and other parts of your identity. It’s a good idea to do extensive research into whatever bank or loan agency you’re borrowing from so that you can rest assured that your sensitive information is in good hands.

¿Cuál es la diferencia entre las formas 4506-T y 4506T-EZ?

The main difference between the two forms is that IRS Form 4506T-EZ is only used to request a transcript of your Form 1040 individual tax return. A 4506-T form can be used to request transcripts of a Form 1040 individual tax return, or transcripts from Forms W-2, 1098, 1099 and 5498.

It’s important to note that Form 4506T-EZ includes most lines from the requested tax return but not all lines. This differs from Form 4506-T, which provides a line-by-line report of the tax transcript. Form 4506T-EZ also does not include payments, penalty assessments, or adjustments made to the original filing in the delivered transcript. Form 4506T-EZ is the correct choice if you are only filing for individual tax return information and do not need a line-by-line report.

¿Cómo lleno el formulario 4506-T?

To get started on your Form 4506-T, you can get a copy of the form directly from the IRS or a tax professional. Then, follow these Form 4056-t instructions.

  1. Begin filling out the form by providing your personal information, including your most current address on file with the IRS.
  2. If you lived at another address when you filed the tax information you are requesting, list your previous address on line 4.
  3. Then, on line 6 enter the tax form number you are requesting a transcript for, depending on whether you are requesting information for personal or business purposes. Check the box for either 6a, 6b, or 6c to indicate which type of transcript data you want to have delivered.
  4. If you are requesting a transcript of a W-2 or Form 1099 series, Form 1098 series, or Form 5498 series, leave line 4 blank and check the box on line 8.
  5. Lastly, you can enter the time period of tax return years you are requesting on line 9, and then sign and date the form to complete the transcript request.

You are then ready to send in Form 4506-T directly to the IRS. There are three offices that serve different parts of the country, so you’ll send your 4506-T to the one indicated for your area. A full list of addresses and fax numbers for each region is available on the IRS website.

Receiving addresses depend on region but also on whether you’re filing an individual transcript or not. Be sure you take note of the second chart on the linked page and send your transcript to the right location.

How Long Does It Take for Form 4506-T to Process?

Depending on the way that you filed your taxes, your transcript’s availability date may vary.

  • In general, if you filed your taxes online, your Form 4506-T will be available between two and four weeks.
  • If you mailed in your tax returns, it can take up to 6 weeks. Once your transcripts are available, it takes between 5 and 10 calendar days for your transcripts to arrive.

Note that if you have not paid your taxes in full, your transcript will not be available until after you have paid the full amount. Once you have done so, it generally takes an additional week before transcripts are available for order.

¿De qué otras formas puedo acceder a mis transcripciones de impuestos?

Además de completar un Formulario 4506-T, puedes optar por recibir tus transcripciones de declaraciones de impuestos electrónicamente o por correo a través de la opción Obtener Transcripción en el sitio web del IRS.

Al usar la opción Obtener Transcripción, ya sea por teléfono o por correo, ten en cuenta que el contribuyente principal en la declaración debe hacer la solicitud de transcripción. Necesitarás acceder a información diferente dependiendo de si planeas recibir tu transcripción electrónicamente o por correo.

Recibe la transcripción de impuestos electrónicamente

Si eliges recibir tu transcripción de impuestos electrónicamente, podrás ver, descargar e imprimir todos los tipos de transcripciones que podrías solicitar con el Formulario 4506-T. Asegúrate de recordar el nombre de usuario y la contraseña que registres en el sitio web del IRS porque los necesitarás si deseas volver a iniciar sesión o solicitar otra transcripción en una fecha posterior.

Para esta opción, necesitarás:

  • Tu SSN, fecha de nacimiento, estado civil y dirección postal de la última declaración de impuestos
  • Una cuenta de correo electrónico
  • Tu número de cuenta de una tarjeta de crédito personal, hipoteca, préstamo con garantía hipotecaria, línea de crédito con garantía hipotecaria o préstamo de automóvil
  • Un teléfono celular registrado a tu nombre

Recibe el formulario 4506-T por correo

Si prefieres que se te envíe una copia impresa de tu transcripción de impuestos a tu dirección, tardará de 5 a 10 días hábiles en llegar. Los tipos de transcripciones de devolución o de cuenta se pueden entregar por correo, pero los formularios W-2, 1099, 1098 y 5498 no están disponibles.

Para esta opción, necesitarás:

  • SSN o número de identificación fiscal individual (ITIN)
  • Tu fecha de nacimiento
  • Una dirección postal de tu última declaración de impuestos

Nota: The IRS does not call, email, or text requests to update your profile or reminders to access your transcripts. If you do receive a message like this, do not respond; it is more than likely a scam attempt.

Haz que un profesional de impuestos te ayude a obtener un 4506-T

Si necesitas más ayuda para obtener una copia de tu declaración de impuestos, comunícate con los profesionales aquí en Community Tax. Nos especializamos en servicios de resolución de impuestospreparación de impuestos, teneduría de libros y contabilidad para ayudar a aliviar el estrés de la temporada de impuestos.

Ya sea que hayas recibido un embargo impositivo o te estés preguntando cómo sortear el IRS mortgage liability forgiveness, Community Tax está listo para ayudarte con todas tus necesidades financieras.

Obtenga ayuda para la preparación de impuestos.

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