IRS’ Income Verification Express Service

Income Verification Express Service (IVES) can accelerate your borrowing by giving access to tax information needed by lenders. The IRS can provide a lender access to tax records if you authorize it. Tax records include transcripts of a taxpayer’s tax returns, as well as 1099s and other forms filed by banks and other payors reporting business income to the IRS. Through IVES, you can approve or reject these authorization requests from lenders. #IdeaoftheDay