Have you ever been filling out an application (student loan, mortgage, car loan, etc.) when you came to the part where they asked you to provide wage verification or copies of your tax returns? If you have ever been in that situation, you know what a pain it can be to get that information quickly. Meanwhile, the clock is ticking on your mortgage, student loan application, car loan - whatever.
Well, here's some good news. The IRS has just made it a whole lot easier for you to get all the information you need by filling out an online application. When you are done with the identity verification process, you will be able to access all of your tax information online, INSTANTLY. That's right, instantly! In the past, the process was lengthy and the information you wanted to access was snail-mailed to you, further delaying the process. Sometimes when you get it, you realize that it isn't what you need, and the process starts all over again...
With this new process, those days are over. The new procedure will dramatically simplify the application process for a mortgage, student aid, small business loan, housing assistance, FEMA, etc. It's pretty simple. I completed my own in about 5 minutes. Be sure to have your personal and financial data together. You will be asked some standard questions to verify your identity. After jumping through all the hoops, you set up a user name and password and you're in! The link is below:
http://www.irs.gov/Individuals/Get-Transcript#!Get Transcript
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