After closing the lender can obtain copies of the borrowers' returns from the IRS and the. How long will it take?They also told them that once they sign the 4506-T and they got the information back from the IRS, they would give OP other options to show whatever proof they had. Discover It (Recently Unsecured) $1,800 Limit ($200 originally) The Discover card was opened in September of last year. Re: Discover account closed. 10-2022) Form . (If you're outside the country, I would recommend waiting until you're back in the U. Discover began demanding IRS form 4506 in 2019 to many new applicants and current customers. 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. There are currently five requirements of the E-Sign law which we propose to implement: The signature must be under the sole control of the individual. Do not sign this form unless all applicable lines have been completed. 1. 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. SBA Procedural Notice 5000-829416, “Revisions to SOP 50 10 . Once signed, you are giving them permission to retrieve copies of your tax returns. Initially, the original 4506 could take up to 60-days for the lender to. However, I haven't filed taxes yet for 2022. @Obscure-Expert wrote: It's a simple process. OMB Number 1545-1872. It’s important to note that Form 4506T-EZ includes most lines from the requested tax return but not all lines. Start completing the fillable fields and carefully type in required information. Line 1b: Enter your Social Security number. The thing that really doesn't make sense is all these 4506_T requests on SECURED cards! There's also a bewildering randomness to these requests as well. 5. 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. Incorrect form version. Find how to review a request and authorize or reject it. have to complete Form 4506-A to get copies of the following forms. @pursuetriumphcelebrate wrote: Morning, 13th statement closed a couple days ago. The answer is no, you don’t have to. Go to the e-autograph tool to e-sign the template. Based on past data points,. Cash Back and SUBs earned as of 5/1/22- $14277. Future Developments For the latest What Lenders Need to Know About the New IRS 4506-C Form Process. ~Never unsecured. Form 4506-C Frequently Asked Questions. The form contains bold notes for those requesting the transcript not to sign unless all applicable lines are filled, and that the form. My credit score is 730+ and I figured I would get approved instantly. Partnerships. I thought we were allowed to include household income?Re: Amex Financial review/4506-T Question. ” – (BOLD MINE) Received an email from Disco asking me to sign consent for IRS 4506-C form. Financial data remains fully visible to allow for tax preparation, tax representation, or. Transcript delivery in hours. S. Form 4506, Form 4506-T and Form 4506T-EZ will be posted on that page. 41721E Form 4506 Rev. . I called them and asked if I can provide any other documentation and it was a hard no. ~Never unsecured. Utilize the Circle icon for other Yes/No. Use Form 4506-T to request tax return information. ago. Our representatives are available Monday through Friday, from 8:00AM-9:00PM Eastern Time, and Saturday 8:00AM-4. This seems very intrusive, and I'm not inclined to send them the completed. Use this link below as a template for filling out your 4506. The IRS provides return transcript, W-2 transcript, and 1099 transcript information generally within approximately 2-3 business. The 4506-T form says: “The IRS can provide a transcript that includes data from these information returns. If a 1040 and 1099 are ordered on the same 4506C, the 1099 transcript will include W2. Lenders have been using some version of the IRS Form 4506 since its implementation in 1988. The Form 4506-C is a document used by the Internal Revenue Service (IRS) to request a copy of a taxpayer’s tax transcript. The taxpayer must sign and date the 4506-C. Express and Discover do it and how you may trigger them to do this. Signature: The Primary Taxpayer and/or Spouse (if joint return) MUST sign the form. I am self-employed. I have two accounts open with Discover for 5 years, one account $9,500 and second account opened earlier this year with a $20,000 limited. Line 2b: Enter your spouse’s Social Security number, if you filed a joint return. Individuals and entities who are applying for a loan or mortgage from a bank or other lender are required to fill out and submit the IRS Form 4506-C with their. During the pandemic, Discover also linked up with the Social Security. This means mortgage lenders will need to have borrowers sign Form 4506-C to give permission for obtaining their tax transcripts. 4506-C (9-2020) Form . Discover sent me a 4506-T request. It's nothing personal; Discover these days is basically requiring everyone (including longtime cardholders of many years) to go through the 4506-C process. Once completed you can sign your fillable form or send for signing. 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 card. Nothing he says is meant to be taken serious, This channel is for entertainment purpose. Form 4506 is used by taxpayers to request copies of their tax returns for a fee. The last time Discover granted me a CLI was in March 2020, which took me from $19k to $21. A transcript displays your tax information specific to the type of tax transcript you request. As far as income, different states treat "household" income differently, having said that, as long as it is income available to yo. Ask the underwriter for the status of your credit limit increase, not mentioning the 4506-C request. Fast, electronic processing of Form 4506-C. It’s common for loan companies to ask for your tax transcripts. I believed this is because I change my income after hitting the love button last. A Form 4506-T is a request for a transcript of your tax return. Do not sign this form unless all applicable lines have been completed. I applied last week for a DIscover miles card and was approved. I have a $0 balance and always PIF. So discover called me telling me my account is in hold until they finish my 4506-t review. Do not sign this form unless all applicable lines have been completed. The IRS is responsible for protecting and securing taxpayer information. For more information about Form 4506-C. One never knows when Discover could ask for this form. Begin by downloading the 4506 c form from the official website of the Internal Revenue Service (IRS). I don't understand how Discover could even come up with conclusive POI after a 4506-T given their language on income. State or local information is not included with the Form W-2 information. So, listing your annual income is a requirement on every credit card application. S. Request may be rejected if the form is incomplete or illegible. There are multiple threads on the myfico forums of people being required by discover to provide 4506-T or have their accounts shut down. Partnerships. Recently approved for a $1000 Target card. I currently have a Disocver IT card (cash back). 10-2022) Form . Its official. After that, they denied my requests more than 15 times. Yup, 4506-C merely means you are allowing access to your tax returns. 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. . Equifax automates the 4506-T process, its very easy to look at income on 4506-T and income reported to Disco and act accordingly. Two items were changed from the previously published draft. 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. . December 14, 2021. Why is discover asking for 4506-c? It allows the financial institution or credit issuer to look into your IRS tax returns. While it is a bit odd the title company is asking (and not the lender), it's probable that they audited the paperwork and found it missing. 1. Do not sign this form unless all applicable lines have been completed. Do not sign this form unless all applicable lines have been completed. Well I just got the dreaded request from Discover to let Equifax pull my taxes to see if my income matches up. I was approved a little over a month ago for the Discover It Cash Back card. . 1, the Internal Revenue Service implemented an automated process for accepting 4506-C transcript request forms. Re: Discover 4506-C Request 3 years in. . 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. IVES Request for Transcript of Tax Return. . 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. That put me at $. This is a request to verify your income. Request may be rejected if the form is incomplete or illegible. 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. Start completing the fillable fields and carefully type in required information. To learn more about individual documents, and to download copies of selected forms, choose from the links below. 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. 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. 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. Request may be rejected if the form is incomplete or illegible. 4506 Summit St is a townhouse currently priced at $1,100,000, which is 4. State or local information is not included with the Form W-2 information. 4506-C (9-2020) Form . This means mortgage lenders will need to have borrowers sign Form 4506-C to give permission for obtaining their tax transcripts. 4506-C (October 2022) Department of the Treasury - Internal Revenue Service. Well, Discover requested 4506-C from IRS. Too many people are now being asked for tax return request (4506-C). IVES Request for Transcript of Tax Return. What no one knows yet is what triggers it but it is not your address. The percentage could be 5-10% to account for guesses or bonuses etc. Your lender may ask you to provide the tax return information, and you have to send the form to the. 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. OMB Number 1545-1872. I applied for the Discover card, and before I even could activate it, I received a verification email asking for IRS form 4506c and my last three bank. I'll try to sum up quickly my experience with the 4506-C request I received from Discover. Discover asking me for 4506-C form Greetings everyone! I'm 18 and I have a credit card with Discover. Equifax automates the 4506-T process, its very easy to look at income on 4506-T and income reported to Disco and act accordingly. Asking because I included DW's income when I app'd and got approved, but we file separately. Abstract: Internal Revenue Code section 7513 allows taxpayers to request a copy of a tax return or related products. I suppose it is their sandbox and they can ask for whatever they would like and one has two options. This is a request to verify your income. They won’t. If they close the account, that's fine. (9/2023) FICO 8 (EX) 825 (TU) 841 (EQ) 848. Do not sign this form unless all applicable lines have been completed. American Express and Discover are the two main credit issuers who routinely request Form 4506-T to verify your income. 4506-C (October 2022) Department of the Treasury - Internal Revenue Service. Use the Cross or Check marks in the top toolbar to select your answers in the list boxes. Attention! The character The Credit Crusader" is a work of fiction. IVES Request for Transcript of Tax Return. But, since then, I’ve had my account on hold for almost 3 weeks. 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). 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. 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. ,I am in the process of rebuilding my credit after neglecting it for many years. Today I went to make a purchase and my card was declined. Re: Amex requesting Form 4506-T, Request for Transcript of Tax Return. IRS Consent Form 4506-C to Sign Discover. They ended up not only closing my new miles card but also my first ever discover credit card that I have had for over 2+ years now. The document gives permission for a third party to retrieve the tax payer’s data. by darkweiss26. The tax transcript contains information from a variety of. Have a Social Security number. Do not sign this form unless all applicable lines have been completed. . . credit card nightmares american express income taxes IRS tax returns credit cards. 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. 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. 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. Why is discover asking for a 4506-C? It allows the financial institution or credit issuer to look into your IRS tax returns. The new 4506-C will permit the cleared and vetted IVES clients to request tax return information on the behalf of the authorizing taxpayer. No software installation. After that, they denied my requests more than 15 times. of the corporation may submit a Form 4506 but must provide documentation to support the requester's right to receive the information. Equifax was their partner in this to verify pay information. Since Equifax is processing these request and Equifax owns "The Work Number" it is more than likely Discover is pulling your Work Number file and whatever you put down on the app is not. Fannie Mae customers! Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. 4506-C (Rev. On the application I indicated 53k income (I personally earn more), transcript for last 2 years tax returned filed is north. 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. . they can't consider you for credit line increases with stale income, and getting consent to annually update your income via permitted access to IRS info is easier than repeatedly asking you to update your income). 5k. On any device & OS. Yesterday i get an email from equifax verification services stating that DFS is requesting a FORM 4506-T to verify the income i out on the application, i called and told them this doesnt make sense at all since they are requesting my last 2 tax return 2017/2018, which are going to be way off from the income i stated on the app because the. Form 4506-T is used to request all products except copies of returns. 11-2021 Page Section references are to the Internal Revenue Code unless otherwise noted. Amex asking for 4506-C When applying for amex platinum. 4506-C or 8821 for 7(a) and 504 Loans CONTROL NO. S. 3. . The document must be signed and dated in ink or digital e-certified electronic signature (digitized version of your handwritten signature). I don't understand why Discover is asking for 4506-T's on secured credit cards. Why is discover asking for a 4506-C? It allows the financial institution or credit issuer to look into your IRS tax returns. Simplify Income Analysis: All tax transcripts include a summary coversheet that highlights and calculates key income verification line. 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. Good thing I kept at it and kept asking to get to another level of supervisor. 04. Cannot remember when I was asked to update my income - few to sever. Income verification for participants. 4k I have a $0 balance and always PIF My other posts will show I started making credit moves in the last month, so that may be what prompted the request. its secured!!! 🤣 Why approve then have applicant jump through hoops? This would be way more appropriate on a large unsecured CL than a $200 limit. If you have further questions after reviewing this information. 900 James Loop, Killeen, TX 76542. 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. To fill out the form, you will need to provide basic information about. 1,527 sq ft. For verifying ID, or SSN credit card companies might request you fill out a SSA-89 to verify your identity, or SSN number. ; Make an entry for at least one tax period under the Tax Period Requested (date period ended MM/DD/YYYY) (MANDATORY) input section by inputting the date the tax period. of the corporation may submit a Form 4506 but must provide documentation to support the requester's right to receive the information. So pay attention to: Zip code +4 - many tax prep software default to include that. 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. I was advised not to worry about any income discepancies, as they wre just using the form for ID purposes. DiscoverIT opened ~ 2 years ago, always in good standing. Discover card is Asking. First post, hope this finds the correct place and people. We would like to show you a description here but the site won’t allow us. So I'm curious has Discovery ever request anybody elese's tax documents. A couple of Sundays ago, I went for it again just for S&G expecting another denial. , via recon + HUCA) for this card without submitting the 4506-C, or should I just give up on this. 5k. Quick steps to complete and e-sign Form 4506 c online: Use Get Form or simply click on the template preview to open it in the editor. Share your stories, photos, and experiences with fellow members and discover the diverse culture and natural beauty that BC has to offer. Greetings everyone! I'm 18 and I have a credit card with Discover. For more information about Form 4506-C. 5k to $28. The problem is I’ve made basically no money the past 2-3 years but this year my income is significantly higher. Revenue Service (IRS) has released an updated version of IRS Form 4506-C for use by authorized. Do not sign this form unless all applicable lines have been completed. 450632 is a Visa Classic credit card issued by Cyprus Popular Bank Ltd. Complete a blank sample electronically to save yourself time and money. Why is discover asking for 4506-c? It allows the financial institution or credit issuer to look into your IRS tax returns. Renters and homeowners alike may borrow up to $40,000 ($100,000 for Disasters declared on or after July 31st) to repair or replace personal property. Then they requested copies of social security card, a utility bill and driver's license. i know when i took unsecured loans in the past they wanted paystubs and utility bills. No. This is why every borrower has to sign an IRS Form 4506-C (formerly called a 4506-T) as part of their loan disclosures. If they will not grant the card on that basis, you may have to do the secured Discover IT route. . ”. If you want a better idea of what personal loans you may qualify for with your income, you can use WalletHub's free pre-qualification tool. TU:837 09/19/23 Bank of America--EX: 841 09/20/23 Experian--EQ:832 09/21/23 myFICO--Gardening since N/A. The IRS warns that it can take up to 75 calendar days to process your request. ) Sometimes going after a 2nd Disco card has triggered this, and they seem to ask randomly on new apps as well. of the corporation may submit a Form 4506 but must provide documentation to support the requester's right to receive the information. You can contact Discover as ask if they will accept paystubs, in some cases they will. IVES Request for Transcript of Tax Return. I’m NOT giving Discover access to my personal finance/tax documents. Finally, all checked out and I was fully. 4506-C (9-2020) Form . Line 3: Enter your current address. I applied for a Discover It Secured about 6 months ago, the second day after making my deposit of 200$ I had a request for 4506-T form in my inbox through Equifax, given Equifax amazing track record with security I declined to provide that info to discover, apped for a Chase Boundless and was instantly approved for 5k. . OMB Number 1545-1872. I’m NOT giving Discover access to my personal finance/tax documents. I would call them as say to them what you are telling us. (2) Permissible inquiries. He basically has a fresh CR. . “Those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one. Yes, credit cards do check your income when you apply. . I believe Discover is one that uses personal income not household. to get the form notarized. Try Capital One. ) Return to top. 000 They sent me another email today saying to call again to the Customer service protection line and they said they are doing this w. 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. I have two accounts open with Discover for 5 years, one account $9,500 and second account opened earlier this year with a $20,000 - 5849200 - 4Ask Poli AskPoli. IVES Request for Transcript of Tax Return. A typo in the Signature of taxpayer (s) statement was corrected to remove the double entry of the. in Spain. Discover IRS Form 4506-C. . A couple of months ago, I posted a CLI approval by Discover. Re: 4506-C request. They define households as people who share expenses and live together, and who are on the same lease. Discover was not actively used in my wallet in the past year, because of overlapping its 5%. (Have not received 4506T request, just being cautious) Goal: Mortgage/Chase Trifecta. 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. That said, since increasing your line of credit does require the bank to verify that you. Start the application. about obtaining a signed Form 4506-C from the borrower. The numbers looked good so I went ahead and applied for some cards. I think what triggered it is I got my mom and stepfather to also apply. Automated methods for obtaining tax transcripts being unavailable. 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. Immediately called to close the card. In September Discover sent me an email requesting 2 years of tax returns via a form 4506-c. ) Note: An alternate form or process is also acceptable if it authorizes the. Congrats . For example, it is necessary to complete. SL was $800 and now sits at $20. And yes, if you don’t complete the step, you’ll be declined. . So hoping to get some suggestions on a game plan for increases + new accounts. The December Selling Guide update will include. Note: If you are unsure of which type of transcript you. 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. Discover randomly targets everyone from old accounts to newly made secured card holders. When I open it, it's really a form 4506-T, which is normally a tax transcript from IRS for income verification. 4506-C . The IRS Form 4506-T lets us ask the IRS for copies of your tax returns, W-2, and 1099 forms. Happened to me, regular reconsideration or increase asked me for the same documents they requested on September that the congressional inquiry. Why is discover asking for a 4506-C? Why would a credit card company request a 4506-C? How long does it take to get a 4506-C back from the IRS?. One never knows when Discover could ask for this form. To generate the 4506: From the Input Return tab, go to Miscellaneous Forms ⮕ Transcript of Tax Ret (4506, 4506-T). BINs/IINs from 450631 to 450640 (Types of credit cards and debit cards) 450631 is a Visa credit card issued by Banca Jover, S. For more information about Form 4506-C. 450633 is a Visa Premier credit card issued by Banco Gallego, S. American Express and Discover are the two main credit issuers who routinely request Form 4506-T to verify your. 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. ( frankieleon) Evan writes that he recently got married, and the newlyweds make more money than they did at this. Wow!Major Changes to the Next 4506-C Form. Major changes to the form include: Reminder: Participants must be authorized to submit electronic signatures. Hey all! Sorry if this has been asked or talked about. "Why is my credit card asking for a 4506-C? It allows the financial institution or credit issuer to look into your IRS tax returns. Re: Amex requesting Form 4506-T, Request for Transcript of Tax Return. 4506-C (Rev. Most lenders use the form to verify the self-reported income portion of your application to your tax return. This permission goes as far back as 2 years usually. wrote: wrote: wrote: Call Discover and verify this wasnt a computer malfunction $500 secued card???? Gotta be a screw up unless you accidently put down $450. ó. Surprisingly, they offered a $7k CLI. Recently I checked Discover's page and was pre-qualified for the Discover It card so I went ahead and applied. Reputation: Discover has a great reputation as one of the largest lending institutions in the country. I'm preparing for my AmEx 3x CLI (my 60 days from account open is almost up!) My card got a SL of $14,500 and I've read on this forum that if you generally ask for a CLI above $25k (my requested new CL wo. 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. 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. After activating the card, I got an email saying I had to fill out the IRS Consent Form 4506-C. The expected result is a significantly faster income verification process. During the homeowner assistance process, you may need to submit a variety of documents to help us understand your financial situation. The form may also be used to provide detailed information on your tax return to the third party if you need it. For all loans reviewed through the random selection process. After that, they denied my requests more than 15 times :smileylol: A couple of Sundays ago, I went for it again just for S&G expecting another denial. But, since then, I’ve had my account on hold for almost 3 weeks. They just requested 4506-C from the IRS for income verification. This permission goes as far back as 2 years usually. You can contact Discover as ask if they will accept paystubs, in some cases they will. The new 4506-C will permit the cleared and vetted IVES clients to request tax return information on the behalf of the authorizing taxpayer. I think it started around the first of September. The company also has a wonderful reputation for customer service. e. Use the Cross or Check marks in the top toolbar to select your answers in the list boxes. I recently applied for an Amex card with an elevated SUB, but the application went pending. You . Never has applied for credit, he's 28, always paid cash for everything. That’s quite unfortunate. At the time, I assumed it was a requirement to obtain higher credit lines. I got the 7 to 10 message upon app 2 weeks ago and today I recieved a letter requesting a 4506-T and it mentions that another HP will be done if I want to continue processing the app. Well I just got the dreaded request from Discover to let Equifax pull my taxes to see if my income matches up. 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. If you have any questions, our Customer Service Team is available 24/7 to assist at 1-800-347-2683. It seems that Discover is on edge about certain activity that you perform. Lots of threads here of recent about it. 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. (For additional information on completing Form 4506-C, go to Getting Started – Using IVES. 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. The Real Housewives of Atlanta The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight with John. 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. IVES Request for Transcript of Tax Return For Privacy Act and Paperwork Reduction Act Notice, see page 2. Fine, whatever. Purpose of form. Discover requesting 4506-T. the mortgage company should order it but it takes forever. Add the 4506 c form for redacting. I cannot say I've ever seen income verification for secured card. It is mandatory. To those that receive a 4506-C from Discover. The IRS Form 4506-C is an information request form used by banks and other lenders to verify a borrower’s identity and tax information, and to obtain copies of past tax returns. 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. Received 4506-C email request. AMEX normally does not take AA against existing accounts if you do not give approval to a 4506-T request but they also normally do not forget the request. CU Memberships. 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. Discover definitely needs to be called out on this. For more information about Form 4506-C. We appreciate your cooperation with helping keep your Discover account secure. Have had them for 10+ years.