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Form 4506: Internal Revenue Service

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Form 4506 is a document sent out by the Internal Revenue Service (IRS) that allows tax payers to obtain a copy of their past tax returns. Tax payers can obtain copies of most tax form types like forms 941, 1040 and 1120. Currently, it costs $50 per copy to obtain these forms from the IRS. The IRS keeps up to seven years of tax returns on file before destroying them, so there will normally be at least seven years of returns available.

This type of form is often used by tax payers who have lost their old returns or who are filing for a mortgage. Some companies, banks or mortgage lenders require previous tax forms to make lending decisions. When older returns are needed, form 4506 is the way to obtain them. Once the taxpayer signs and dates the document, they just have to list any third party that they …show more content…

They may be able to access their W-2 form, 1099 transcript, 1040 form or 1065 form.

What Happens When an Extension Is Filed?

On occasion, taxpayers file extensions to get more time to pay their taxes and get files in order. Once an extension has been filed, it takes several weeks for the IRS to update the tax return within their database. Normally, the information is updated within six to eight weeks with any corrections.

What Happens If the IRS Rejects Form 4506?

There are times when the Internal Revenue Service will not process Form 4506. The most common reason for a rejection is that the taxpayer's current address does not match the address that is on the requested form. To prevent this from happening, it is important to include previous addresses on the fourth line of the form. If the address is not an issue, the other reason for a rejection is due to an illegible signature. Writing clearly and legibly prevents this from happening. If there is a problem with the form, the Internal Revenue Service will let the taxpayer know. Afterward, the form can be upated and

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